The Paris Bourse ended the session down 0.89%, at 7304 points, after the publication of several economic indicators and while awaiting the FED's 'minutes' this evening at 8pm.

A number of statistics were published today: following a 0.3% rise in April (revised from the +0.4% initially announced), US industrial orders rose by a further +0.3% in May, according to figures released by the Commerce Department.

Industrial deliveries, after three consecutive months of decline, are back on the up, at +0.3%.

The bad news of the day comes from China, where the 'services' PMI calculated by Caixin/S&P fell from 57 to 53.9, whereas stability was expected.

In France, the PMI® HCOB index of business activity - which compares the volume of activity in the current month with that of the previous month - came in at 48.0 in June, compared with 52.5 in May.

After four months of uninterrupted growth, the index fell below the 50-point threshold, which marks the boundary between zones of growth (above 50) and contraction (below 50).

Also in France, according to Insee, production in the manufacturing industry rose again over one month in May 2023 (+1.4% after +0.6%), as it did in industry as a whole (+1.2% after +0.8%).

Finally, still on the old continent, industrial producer prices fell by 1.9% in the eurozone and 1.8% in the EU between April and May 2023, according to estimates from Eurostat, the European Union's statistical office.

On the bond market, OATs and Bunds remained unchanged at 3.002% and 2.455%, Italian BTPs eased from 4.20 to 4.13%, British Gilts passed the 4.50% mark, while the BoE's final rate is now expected to be 5.75% (on the 1-year).

The dollar recovered slightly to $1.085/E (+0.1%).

In French company news, Airbus announces that the Mexican ultra-low-cost airline Viva Aerobus has signed a memorandum of understanding for 90 A321neo aircraft, bringing its order book to 170 A320 family aircraft.

Thales announces that it has signed a contract with the Swedish Armed Forces Materiel Administration (FMV) for the supply and installation of SMART-L Multi Mission long-range radars.

TotalEnergies announced on Wednesday that it had signed a series of agreements with petrochemicals group Ineos with a view to realigning their respective interests in assets located in eastern France.

Finally, Technip Energies announced on Wednesday that it had been selected by Saudi oil company Aramco for a project management consulting (PMC) contract for the master plan of a new industrial city located in eastern Saudi Arabia.

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