After losing almost 2.7% during Monday and Tuesday's sessions, the Paris stock market managed to stem its fall: at the final gong, the Paris index was up 0.97%, at 7864 points, well helped by Schneider Electric (+4.7%) and STMicro (+3.2%), while Orange and Bouygues were the day's red lanterns, with -2.6% and -2.4% respectively.

The index benefited in particular from slightly lower-than-expected inflation figures (CPI) in the USA. US consumer prices remained unchanged in May, a reassuring development ahead of the Federal Reserve's monetary policy decisions later today.

Against this backdrop, U.S. indices set a cascade of records, with the S&P500 at +1.2% (around 5440 pts), and the Nasdaq at +1.9%, in the wake of the usual "stars", with Apple at +5% and Nvidia close to +4%.

The Fed's announcements are due at 8:00 p.m. (Paris time), followed by a press conference by Fed Chairman Jerome Powell at 8:30 p.m. In Europe, the latest employment figures are due at 8:00 p.m. (Paris time).

In Europe, the latest German inflation figures show a 2.4% rise in consumer prices (CPI) in May 2024 according to Destatis, up +0.2% (in April and March 2024, the rate was +2.2%).

After two months of increases, 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%.

The yield on French ten-year bonds eased sharply (-8.5 basis points) to around 3.16%, but this did not enable it to narrow the gap with its German equivalent, which eased by -10 basis points to 2.500% (spread of +64 basis points vs. 49 basis points last Friday).

Across the Atlantic, the bond market confirmed its easing, with the yield on 10-year Treasuries falling back to 4.27% (-14pts).

Brent crude remained stable at around $82.2 a barrel, while WTI gave up 0.3% to $78.1 a barrel, as the US Energy Information Administration (EIA) reported that US crude oil inventories stood at 459.7 million barrels for the week ending June 3, up 3.7 million barrels on the previous week.

Gold gained 1% to $2,333 an ounce, while Bitcoin appreciated by nearly 3.5% to $69,700.

Finally, in news from France, Thales announced that it had signed two contracts with the Central American Air Navigation Services Corporation (COCESNA) to modernize the AMHS/AIM system (Aeronautical Messaging and Aeronautical Information Management) and navigation infrastructure (NAVAIDS).

Thales also mentioned a new passwordless authentication concept, Passwordless 360°, which offers its customers a functionality capable of covering all their needs, whatever the type of user or level of guarantee required.

Renault announces that Hyvia, its joint venture with Plug dedicated to hydrogen mobility, and Hype, a pioneer in hydrogen cabs, are to form a partnership with the aim of accelerating decarbonized hydrogen mobility.

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