The Paris Bourse fell sharply on Friday, by 1.35%, as caution was in order among investors before the meeting of the American central bank next week.
The star CAC 40 index yielded 83.58 points to 6,074.26 points around 10:15 a.m. Thursday it closed down 1.04%, its third consecutive session in the red.
Investors are keeping their distance from risky investments a few days before the next monetary policy meeting of the American central bank, the Fed, which should once again proceed to a sharp increase in its key rates after the publication of an inflation higher than expected in August in the United States.
“After the surprise on the rise in inflation (in August, editor’s note), the signs of resilience in the economy and above all of high tensions on the job market will not prompt the Fed to soften its rhetoric”, warns Xavier Chapard of Banque Postale AM.
Operators’ expectations regarding the magnitude of this increase fluctuate between 75 and 100 basis points, after already two increases of 75 basis points in June and July, in order to increase the cost of credit and counter the overheating of the economy. ‘economy.
On Friday, investors will take note of the final inflation figure for August in the euro zone, which should confirm the first estimate of +9.1% over one year.
The maturing of many stock market derivatives could also cause increased volatility during this session.
Bolloré in electric batteries
The group, a former operator of Autolib, wants to relaunch in the sector of batteries for electric cars and intends to become the “world leader in solid batteries” for this type of vehicle, according to an interview with a group manager in Les Echos published on Friday. . The Bolloré title lost 1.38% to 4.71 euros.
Stones and holidays slip again
The Pierre et Vacances share price continued to be affected by the finalization of the restructuring of the number one European group of tourist residences and lost 14.52% to 1.06 euros.