The Paris Stock Exchange took 0.14% on Friday, at the end of the first session of the semester, after six very bad first months, fears of a decline making investors reluctant to take positions before the period of the results of companies.
The star CAC 40 index gained 8.20 points to 5,931.06 points.
It ends the week down 2.34%. Since January 1, the decline amounts to 17.08%.
The Paris rating started down sharply, around 5,850 points, before rebounding quite strongly to return to close to 6,000 points. But the publication of growth in manufacturing activity in the United States in June, the weakest since June 2020, broke this momentum.
March fears are turning from inflation to growth, analyzes Fredric Rollin, investment specialist at Pictet.
On inflation, even if the rise in prices broke a record in the euro zone, 8.6% over one year in June, signals are positive in the medium term, he noted. He cites in particular the decline in the price of certain metals, such as copper, or the price of maritime transport.
This pushed down long-term inflation expectations in the euro zone from 2.5% to 2.04% on Friday, he said.
Conversely, the leading indicators on growth are not good, advances Mr. Rollin.
In addition to the one on manufacturing activity in the United States published on Friday, two surveys on the morale of American consumers in one week frightened investors, consumers are very pessimistic about the months to come.
Central banks will not react immediately to stimulate activity, wait to collect enough data that shows that inflation is running out of steam, for Mr. Rollin.
This climate notably presented interest rates in the bond market, with investors seeking the safety of returns in government bonds. The French rate for the 10-year loan fell by 12 basis points, 1,791%, its lowest level since the beginning of June.
Capgemini denies Atos interest rumors
The French computer glove Capgemini (-1.04% 161.75 euros) again denied Friday being interested in its competitor Atos (-0.90% 12.67 euros), in difficult, despite the rumors currently circulating.
Mga-order for Airbus in China
Despite air traffic paralyzed in China by the pandemic, the needs remain immense: four Chinese airlines announced on Friday that they had placed a mega-order for 292 Airbus A320 family single-aisle aircraft.
The title jumped 3.02% to 95.24 euros, and followed in its wake Thals (+2.65% to 120.15 euros), and to a lesser extent Safran (+0.94% to 95.10 euros).
The collective catering and services group Sodexo took 4.06% to 69.78 euros, after confirming its outlook by publishing a turnover up 23.2% in the third quarter of its dcal 2021/2022 financial year, and announced to reorganize its operational management.
Elior also benefits (+3.49% to 2.19 euros).
Prospects assemblies for semiconductors
The Franco-Italian semiconductor manufacturer STMicroelectronics fell 3.00% to 29.10 euros, the largest drop in the CAC 40, in the wake of its American competitors including Micron, the day after the publication of forecasts very much lower than the analyst expectations for its current quarter shift.
In the same sector, Soitec, which is part of the SBF 120 values, also fell by 3.51% to 130.75 euros.