The Paris stock market ended the day with a loss of 0.69%, at 7609 points, penalized by Airbus (-2.8%), Bouygues (-2.7%) and Renault (-2.3%), ahead of a second half of the week that promises to be busier.

On Friday, investors will be keeping a close eye on the release of the PCE price index, a measure of inflation particularly closely watched by the Fed.

Market operators will also be paying close attention to tomorrow's first televised debate between Joe Biden and Donald Trump in the run-up to November's presidential election.

In France, the good ratings of the RN and the Nouveau Front Populaire (the gap is narrowing according to the latest polls) ahead of Sunday's first round of parliamentary elections are still helping to fuel a certain climate of nervousness.

'Elections are always a point of attention, but in the absence of new information and changes in the polls, they have little immediate effect on the market', explains Christopher Dembik, investment strategy advisor at Pictet AM.

In the meantime, investors were informed this morning of an erosion in household confidence in France in June.

At 89, the indicator that summarizes it, calculated from household responses (mainly received before the 10th of the month), fell by one point and remains well below its long-term average (100 between January 1987 and December 2023).

On the bond front, a slight deterioration in the spread (+2.3pts) between the yield on French OATs and German Bunds was observed: at +74 basis points, with a 10-year Bund at 2.4360% (+2.5pts) and OATs of the same maturity at 3.175% (+4.8pts).

On the U.S. market, the yield on 10-year Treasuries rose more sharply, to 4.305% (+6.8pts).

On the energy front, crude oil prices remained on an upward trend as we awaited this afternoon's release of figures from the U.S. Energy Information Agency (EIA).

Brent North Sea crude is down 0.4% at $84.5 a barrel.

The dollar, boosted by its much higher yield, is up a further 0.3% against the euro, which is down to $1.068/E and back to testing the lows reached since June 15.

In the news for French companies, bioMérieux announced on Wednesday that it had obtained special authorization and a "CLIA" waiver from the US FDA for its latest test to detect the most common respiratory viruses, including influenza, and strep throat.

Atos announces that it has received a revised global financial restructuring proposal from its bondholders' representative committee (SteerCo), taking into account the decision by Onepoint, Butler Industries and Econocom to withdraw from discussions on June 25, 2024.

Thales announces that it has been chosen by Lufthansa Technik, a subsidiary of the German airline, to supply the audio/radio communication system for the SIGINT (SIGnal INTelligence) aircraft for the German Air Force.

Finally, TotalEnergies has signed an agreement with Agência Nacional do Petróleo de São Tomé e Príncipe (ANP-STP) to acquire a 60% interest with operator status in the STP02 offshore block.

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