Paris (AFP)

The Paris Bourse ended without trend on Wednesday (+ 0.02%), at the end of another sluggish session, the market struggling to take a position before a series of indicators expected from Thursday in the United States, which could rekindle the specter of inflation.

The CAC 40 grabbed 1.33 points to finish at 6,391.60 points.

The day before, the Parisian place had yielded 0.28%.

"Overall, we had a quiet session" with few volumes, comments to AFP Delphine Di Pizio Tiger, general manager of Indosuez Gestion.

She has said that for several sessions she has observed "a rotation in favor of growth stocks" (technology, biotechs) to the detriment of securities with lower valuations such as banking or the automobile, "in a context of falling interest rates in the United States" .

The latter comes after "multiple statements from members of the Fed" who have suggested that inflation "clearly will only be temporary", she said.

The message from central banks has so far been very positive, assuring that there is no risk of lasting inflation, and so far the bond markets seem to trust them.

In this context, investors are awaiting a series of US statistics on Thursday and Friday, in particular those on consumer prices.

In France, the economic horizon seems to be emerging with a rebound in business confidence and household morale improving in May thanks to the gradual lifting of health restrictions and a buoyant international environment.

Banks affected by the fall in rates

At the bottom of the CAC 40, the financial trio Societe Generale (-2.12% at 25.40 euros), Crédit Agricole (-1.14% at 11.98 euros) and BNP Paribas (-1.35% at 54, 65 euros) suffered from the easing of rates on the bond market and profit taking.

Danone degraded

The food giant Danone lost ground (-1.82% to 59.24 euros) after Berenberg lowered its recommendation on the title to "sell" against "keep" previously.

Vivendi called upon by BlueBell Capital

Vivendi took 0.10% to 29.50 euros.

The activist fund BlueBell Capital, at work in the ousting of former Danone CEO Emmanuel Faber, has asked the French media giant for better financial conditions for its plan to distribute 60% of its subsidiary Universal Music Group ( UMG) via an exceptional dividend in kind.

© 2021 AFP