The Paris Bourse accelerated sharply higher on the eve of the '3 Witches' session (+0.9%), following in the footsteps of Wall Street (+1.2% the previous day), as hopes of an agreement on the debt ceiling revived ('Joe Biden said there was an "overwhelming consensus" that a debt default was not an option, after the meeting of negotiations to raise the US debt ceiling', according to Liberum).

The CAC40 rallied to around 7.470, and is now 100pts from its all-time high of April 20 (the weekly gain is around +1.2%), while the CAC40 'GR' (22,250) is just 0.5% from its high of 22,345: a new record could be set tomorrow.
Trading remains anecdotal on this Ascension Thursday (950MnsE traded in 6 hours).

No data published this morning in Europe, so attention is focused on stats from the USA: the Philly Fed index stands at -10.4 after -31.3 in April.
Economists surveyed by Reuters were expecting an average figure of -19.8.
US jobless claims fell by 22,000 in the week to May 8, to 242,000 from 264,000 the previous week.
The four-week moving average - considered a better indicator of the underlying trend in the job market - came in at 244,250, down by 1,000 week-on-week.
Finally, the number of people receiving regular benefits fell by 8,000 to 1,799,000 in the week to May 1, the latest week available for this statistic.

The quarterly results of the world's number one retailer, Walmart, came as a pleasant surprise, with an increase in its sales forecasts, and the stock should benefit from this (+2.2% in pre-opening trading).
A bad day for the bond markets, however, with OATs up by almost +10pts to 3.019%, Bunds up by +8pts to 2.42%... and T-Bonds tightened by +5Pts to 3.635%

On the value front in Paris, Ipsos announced the acquisition of Shanghai Focus RX Research, which should significantly strengthen its pharmaceutical research expertise in China and create a favorable environment for its healthcare business.

Aéroports de Paris reported a 26.2% increase in traffic to 26.2 million passengers in April 2023, i.e. 97.9% of the corresponding period in 2019 (i.e. before the health crisis that severely affected air transport).

Trigano jumped more than 10%, the day after publishing net income of 121.7 million euros for its first half of the year, compared with 141.3 million a year earlier, with operating profit before non-recurring items up from 179.3 to 173.4 million.Business conditions in the Philadelphia region improved in May, the regional Federal Reserve's monthly survey showed on Thursday.



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