The Paris stock market ended the final session of the week with a gain of 0.65% to 7,432 points (the day's high), giving it an equivalent weekly gain (+0.6%) and +14.6% since the start of the year.

The Paris index was particularly buoyed by the luxury goods sector (L'Oréal at +2.5% and Hermès at +1.9% were among the session's top three performers), and was able to test the upper end of its medium-term downtrend channel, located above 7,430 points, an obstacle that must be cleared if it is to continue to return to its highs.

The day was poor in terms of "macro" figures, but was enlivened by numerous quarterly results on both sides of the Atlantic. However, we'll have to wait for the GAFAM announcements next week to see any real trend emerge.

For the time being, market participants are adopting a cautious stance in view of the US Federal Reserve's meeting next Tuesday and Wednesday.

On the foreign exchange market, the euro is down -0.1% against the greenback, at $1.118.
Slight easing on bonds with -3Pts on our OATs (3.98%) and Bunds (2.45%)

In French company news, Renault Group announces that, as of July 20, Philippe Krief has succeeded Laurent Rossi as CEO of the Alpine brand.

Air Liquide announces that it is investing nearly $200 million in two new advanced materials production centers in Taiwan and South Korea.

APRR's consolidated sales excluding Construction amounted to €1,454.1 million in H1 2023, up 7.8% (€1,348.3 million in H1 2022).
T-Bonds are down -3.5Pts to 3.818%... almost stable on a weekly basis.

Thales reports adjusted net income per share for the first half of 2023 up 15% to 3.91 euros, and EBIT of 993 million euros, or 11.4% of sales, compared with a margin of 10.8% a year earlier.

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