(BFM Bourse) – The Japanese central bank maintained its monetary policy on Wednesday. At mid-session, the Parisian index was up slightly.
the CCA 40 will hang a sixth consecutive increase session? For the moment, the trend remains undecided, the Parisian index gains 0.14% to 7,087.31 points at mid-session. Profit-taking should slow down the growth of the Paris market, which has had an excellent start to the year (+9.5% over all of 2023).
A voir donc si la hausse tiendra cet après-midi alors qu’une pluie d’indicateurs aux Etats-Unis s’abattra sur le marché dont les ventes de détail pour le mois de décembre, attendues en repli de 1% par les economistes sondés speak out Wall Street Journal..
The Bank of Japan opts for the status quo
This Wednesday morning, the news is dominated by the Bank of Japan which surprised the market with its monetary policy decisions by maintaining an ultra-easy course, defeating market expectations.
The Japanese institute kept its negative short-term rate at -0.1% and kept the ceiling on 10-year Japanese bond yields that it tolerates at 0.5%. The Bank of Japan had previously raised this ceiling in December, suggesting it might tighten monetary policy.
“The Bank of Japan certainly surprised the markets by not making any changes to the yield curve, which was highly anticipated by market participants,” notes Naeem Aslam, market analyst at AvaTrade.
This caused the yen to fall against the dollar. The US currency thus gained 0.8% against the Japanese currency.
Capgemini at the forefront of CAC 40
Still on the monetary policy front, Bloomberg reported on Tuesday at the end of the session that the members of the European Central Bank began to consider less pronounced increases in reference rates than in the past. At its December conference, its president, Christine Lagarde, hinted that the next hikes should be 0.5%.
According to the US news agency, if a hike of this magnitude is expected for the February meeting, the March one could turn out to be weaker at 0.25%. This press information comes as inflation in the area EUR it was confirmed this Wednesday morning at 9.2% over one year in December by Eurostat.
On the other hand, Fnac Darty suffers, falling by 6.5% after having revised its medium-term cash generation target downwards.
Pierre et Vacances for its part advanced by 5.9% while the company communicated an increase of almost 10% in its turnover in the first quarter of the 2022-2023 financial year.
In other markets, theEUR it rose 0.5% against the dollar to $1.0847. Oil prices are on the rise. the Brent North Sea oil for March delivery gains 1.6% to $87.32 a barrel while WTI extension New York-listed rose 1.9% to $81.76 a barrel.
Julien Marion – ©2023 BFM Exchange