Wednesday, 17 Oct 2018

Mid-session Paris: the CAC40 finds the 5.400 points

Photo credit © Reuters


The CAC40 exceeds 5.400 points this weekend with a slight increase in the middle of the day (+ 0.3%) which succeeds to 6 previous sessions already in the green. Yesterday evening, US stock indexes slipped into negative territory under the effect of disappointing results of the Taiwanese semiconductor founder, TSMC, which provides many American groups in “chips”, including Apple (-2.8%) and Nvidia (-3.1%). In addition, the recent rise in oil and other commodity prices (aluminum, nickel, steel, etc.) has led to higher inflation expectations and a surge in interest rates. Oil prices now stabilize at $ 68 on the barrel WTI, after a high point reached recently for 3 years and a half, pending the meeting of OPEC and its allies planned this Friday Jeddah in Arabia Arabia.


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