The Paris Bourse gained around 0.4%, around 7,690 points, helped by the rebound of Eurofins (+3.7%) and Capgemini (+1.2%) in particular.

Given the session's light economic agenda, the markets should take a break today before embarking on a much busier weekend...

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 high poll ratings of the RN and Nouveau Front Populaire ahead of Sunday's first round of parliamentary elections continue to fuel a certain climate of nervousness.

Elections are always a point of attention, but in the absence of any new information or changes in the polls, they have little immediate effect on the market", explains Christopher Dembik, Investment Strategy Advisor at Pictet AM.

Meanwhile, this morning investors learned of an erosion in household confidence in France in June.

At 89, the confidence indicator, calculated from household responses (mostly 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, the upturn continued with a slight reduction in the spread between French OAT and German Bund yields, which contracted to 73 basis points, with a 10-year Bund at 2.42% and OATs of the same maturity at 3.15%.

On the US market, the yield on 10-year Treasuries edged up to 4.28% (+4bp).

On the energy front, crude oil prices remain on an upward trend, pending the release this afternoon of figures from the U.S. Energy Information Agency (EIA).

Brent North Sea crude rose by 0.2% to $85.2 a barrel.

In other French company news, bioMérieux announced on Wednesday that it had obtained special clearance 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.

Finally, Schneider Electric announces the reference price and initial conversion/exchange ratio of its bonds convertible into and/or exchangeable for new and/or existing shares (OCEANEs) due 2031, and the results of the redemption of its OCEANEs due 2026.

Copyright (c) 2024 CercleFinance.com. All rights reserved.