Paris (AFP) – The Paris stock exchange closed down 0.18% on Tuesday, animated by the speeches of central bankers that are pushing investors to revise their expectations regarding the timing of interest rate cuts by monetary institutions.
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The CAC 40 index finished at 7,364.11 points. On Monday, the Paris stock exchange had ended down 0.72%.
“Today’s market is down but not in a tailspin,” comments Lucas Excoffier, head of continental brokerage at Oddo BHF.
“Uncertainties about the timing of central bank interest rate cuts are the main theme of the session,” continues the trader.
“Investors were hoping to see these initial cuts in the spring, and these expectations are being called into question as central bankers speak out,” Lucas Excoffier explains.
Investors turned their attention to a late afternoon speech by a governor of the US Federal Reserve (Fed), Christopher Waller.
He indicated that there was “no reason to be as hasty with rate cuts as in the past” and that this would only happen if “inflation does not rebound.”
On the bond market, the French ten-year government bond was at 2.75% compared to 2.73% at the closing on Monday.
Divorce between Air France-KLM and CMA CGM
The end of the partnership in freight, departure from the board: less than two years after the announcement, a divorce is looming between Air France-KLM (-2.56% at 11.72 euros) and CMA CGM, even though the shipping company, which is not listed, remains for the moment the third largest shareholder of the airline group.
Ipsos continues to grow
The French specialist in market research and polls Ipsos (-1.09% at 58.80 euros) announced on Monday, after the market close, the acquisition of the British company Jarmany, specializing in data analysis and management, thus continuing its consolidation less than three months after the acquisition of an Irish competitor.
Vivendi in decline
The audiovisual group Canal+ (a subsidiary of Vivendi) announced on Monday that it will “finalize the acquisition of OCS, the pay-TV channel package of the telecommunications operator Orange, by the end of January,” after the conditional approval on Friday from the Competition Authority.
Vivendi fell 0.90% to 9.87 euros.
© 2024 AFP
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