The Paris Bourse hovered around equilibrium on Friday, the last session of a week marked by the monetary policy meeting of the US Central Bank.
At 9:40 am, the CAC 40 index lost 1.17 points, or -0.02%, to 6,665.69 points. On Thursday, it finished up 0.20%, erasing its morning losses and hitting a new close high since September 12, 2000.
Stock market particularity of the day, “the very important expiry of options (day of +4 witches + in the jargon) could reverse the trend at any time”, explains John Plassard, investment manager at Mirabaud.
Options and futures on indices and equivalents on equities expire on Friday and a certain number of orders will thus be placed at the end of the day.
On Wednesday, the US central bank, the Fed, delivered a less accommodating message than expected, with a majority of its members believing that key rates should be raised twice by the end of 2023. However, this has not panicked the market the next day.
The Bank of Japan left its ultra-accommodative monetary policy unchanged on Friday. It also extended by six months its exceptional mechanisms facilitating loans to companies in the face of the pandemic, and created the surprise by announcing a future financing tool intended to support environmental investments of financial institutions.
Consumer prices rose very slightly in Japan in May (+ 0.1% over one year, excluding fresh products), a first in 14 months.
Unédic, which manages the unemployment insurance scheme in France, forecasts the creation of 126,000 jobs in 2021, while in February it anticipated the destruction of 230,000 jobs this year.
Alstom has won an order worth 1.4 billion euros to supply 100 regional trains to the Danish railway company DSB, “the largest railway contract in Danish history” according to the French manufacturer. Alstom shares rose 1.56% to 44.27 euros, at the top of the CAC 40.
Aramis Group started its first day of listing on Euronext Paris, slightly up 0.22% to 23.05 euros. The used car site Aramis Auto announced on Thursday that it had successfully completed its IPO, valuing the group at 1.9 billion euros.
Groupe LDLC wants to break records
The distributor of high-tech products LDLC rose 5.11% to 59.70 euros, after having indicated Thursday to count on results again in progress this year, after having broken all its records during the past financial year.