The star CAC 40 index took 6.23 points to 7,083.39 points, after exceeding 7,100 points during the day.

This is its sixth consecutive bull session.

It had gained 0.48% on Tuesday.

Balanced during the first part of the session, the Parisian rating returned to green after two economic indicators in the United States: producer prices in December slowed more than expected over one year, and retail sales also fell more than expected.

But the reversal of the American markets after a rising opening cut off the momentum of Parisian investors.

“The indicators show a deceleration in demand in the United States, as well as disinflation,” underlines Sophie Chauvellier, manager at Dorval AM.

"We remain in this window where activity decelerates sufficiently, without crashing", materializing the hope of a soft landing for the economy, she continues.

Investors are convinced that the US Federal Reserve will only moderately increase its key rates at its next meeting, by 0.25 percentage points.

Another favorable consequence, bond rates continued to fall.

For France, the cost of the 10-year loan stood at 2.44% on Wednesday, against 3.09% on December 30, 2022.

Since January 1, the CAC 40 has gained nearly 9.5%, ending up eleven times in thirteen sessions.

"It's very fast, and the market goes on + buy +", between the economic reopening of China and the drop in energy tensions, recalls Ms. Chauvellier.

“But if the economic activity figures deteriorate too much, risk aversion could return,” she explains.

Tech takes off

Capgemini took 2.95% to 176.35 euros.

STMicroelectronics advanced 2.03% to 39.51 euros, with a positive trend in the semiconductor sector after the increase in sales forecasts for Dutch ASMI.

The company takes over from Renault, down on Wednesday, the first place in the progressions on the CAC 40 in 2023 (+ 19.75%).

Air France-KLM not interested in ITA Airways

Air France-KLM announced on Wednesday that it would not submit an offer for part of the capital of the Italian airline ITA Airways, unlike its German competitor Lufthansa.

The company's share price rose 1.29% to 1.58 euros (+28% in 2023), in line with the European sector.

Fnac Darty in bulk

The action of the distributor Fnac Darty tumbled 6.78% to 34.08 euros after the group revised downwards its expectations in terms of cash, its main financial objective, citing a difficult end to the year 2022. because of the decline in household purchasing power, with a "decline in sales" over the crucial period of December.

The best at Pierre & Vacances

Pierre et Vacances shares rose 6.69% to 1.34 euros.

The European number one for leisure residences published an improvement in turnover over one year and in line with its objectives, in the first quarter of its staggered 2022/23 financial year.

© 2023 AFP