The CAC40 has been weakening gently since 4pm, after holding steady for a long time at around -0.5%, with 80% of trading taking place between 7,580 and 7,600pts.
The downturn is now at -0.7/-0.8% (a low has just been reached at 7.570) in anecdotal volumes (barely E1.3 bn traded), with no US investors on vacation this Wednesday (celebration of the abolition of slavery, or 'Juneteenth').

The holiday comes as the US equity markets posted their seventh consecutive session of gains yesterday, ending the day with new records (7 out of 7 for the Nasdaq), boosted by Nvidia, which took the title of world's largest capitalization with 3.335 billion, ahead of Microsoft (3,317 billion) and Apple (3,285 billion).

The CAC40 continued to be penalized by ST-Micro (-4.7%), Dassault Systèmes (-3.2%) and L'Oréal and Sté Générale (-1.5%).

In addition to the absence of Wall Street, the European financial markets were not very lively today, due to a lack of economic indicators.

The early morning was nonetheless marked by the announcement of a further fall in inflation in the UK, where consumer prices rose by just 2% year-on-year in May, compared with +2.3% in April.

This is good news as market operators await the Bank of England's (BoE) monetary policy meeting on Thursday, at the end of which no rate cut is expected.

Several statistics will also punctuate the end of the week, including the PMI activity indices for Europe, to be published on Friday.

In this almost general torpor, the euro continues to hover around $1.0745 (the euro is up +0.1%).

The session saw little activity on the bond front, with the spread between the OAT (+3.3Pts to 3.153%) and the German 10-year bond (+1Pt 2.402%) widening once again.

Brent crude oil gained 0.5% to $85.8 a barrel, which was of little significance in the absence of WTI trading (NYMEX closed on Wednesday).

In French company news, EssilorLuxottica announced the signature of an exclusive licensing agreement with Diesel for the design, production and worldwide distribution of Diesel eyewear.

Société Générale announced on Wednesday that it had reached an agreement to sell its neobank for entrepreneurs, Shine, to Denmark's Ageras.

Finally, Eurazeo announced its investment, through its Small-mid buyout team, in Rydoo, a Belgian company whose solution enables companies to manage and control their employees' expenses and professional costs using intelligent software.

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