The Paris Bourse opens the session higher on Wednesday, with a number of indicators expected, not forgetting the US Federal Reserve's announcements later in the evening. The CAC40 index climbed 0.3% to 7812 points after three consecutive sessions in the red.

Gaps may remain limited, however, as investors await US consumer price data ahead of the Fed's decisions.

While it is virtually certain that the US central bank will leave its monetary policy unchanged, investors are concerned about what it will say about the pace of future rate cuts.

The Fed's new projections suggest that there will be fewer rate cuts this year, with only two, as opposed to the three previously anticipated.

While the US economy is currently doing rather well, it is still subject to headwinds, particularly in terms of inflation.

The Fed's announcements are expected at 8:00 p.m. (Paris time), followed by a press conference by Chairman Jerome Powell at 8:30 p.m.

The Federal Reserve's statement will be preceded at 2:30 p.m. by the release of U.S. consumer price index (CPI) figures, which are expected to show a slight slowdown in the pace of inflation.

We expect the markets to react rather favorably to today's events", said analysts at Danske Bank this morning.

In Europe, the session is punctuated by the publication of the latest German inflation figures, followed by UK industrial production figures.

The inflation rate in Germany - measured as the year-on-year change in the consumer price index (CPI) - was +2.4% in May 2024, according to Destatis. In April and March 2024, the rate was +2.2%.

After rising for two months, British industrial production fell again in April. The Office for National Statistics (ONS) reported this morning that industrial production was down 0.9% on the previous month, while analysts at Bank of America were expecting a more limited fall of 0.4%.

Today's busy agenda should enable investors to turn the page on the European elections and their heavy impact on the Old Continent's financial markets.

Yesterday, the Paris Bourse posted a second session of sharp falls, shedding more than 1.3% below the 7,800-point threshold following a major sell-off in OATs.

Ten-year French bond yields eased back a little this morning to around 3.22%, narrowing the gap slightly with their German equivalent, which held steady at 2.62%.

Across the Atlantic, the bond market confirmed its improvement, with 10-year Treasuries yields easing to 4.40%.

Wall Street took the opportunity to set a new record last night, helped by the positive reception given to Apple's latest advances in AI (+7.2%).

Oil prices are back on the rise as we await the release of US crude inventories later this afternoon.

Brent crude is up 0.4% at $82.5, while West Texas Intermediate (WTI) is up 0.3% at $78.6.

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