The Paris Bourse ended the 2nd session of the week with a modest decline of 0.23%, to 7,369 points, penalized in particular by Alstom, which shed almost 3% during the day.

In the absence of Wall Street (closed for the national holiday), the session was very quiet and volumes extremely limited, with just 1.7 billion euros traded since the opening.

While the trend does not seem very inspiring, Kiplink Finance evokes a 'perfect' technical and graphical configuration, with the Paris index able to quickly return to test its long-term resistance at 7520 points.

Falling inflation and some recently published economic data are keeping markets euphoric, while taking care to avoid advanced economic data and any comments from central bankers indicating that monetary policy tightening is far from over", says Vincent Boy, analyst at IG.

On the statistics front, the only figure of the day concerned Germany's trade balance: surpluses contracted to €14 billion (compared with over €16 billion the previous month), with €130.5 billion worth of goods exported from Germany in May 2023 and €116.1 billion imported, according to the Federal Statistics Office (Destatis).

In French company news, the Vivendi group announces that it has entered into exclusive negotiations with Le Figaro for the sale of Gala magazine, currently owned by Vivendi subsidiary Prisma Media. The sale of the entire title is one of the conditions imposed on Vivendi by the European Commission to authorize its merger with Lagardère.

Casino announced today that it has received proposals to strengthen the Group's equity capital. The Group has received a proposal from EP Global Commerce a.s. and Fimalac, and a proposal from 3F Holding.

Wallix has announced that it will be joining Orange Cyberdefense's OT Demo Center (in France) to demonstrate how its solutions guarantee the resilience and business continuity of industrial systems in the event of a cyber attack.

Lastly, Virbac announced last night that it had lowered its targets for 2023 due to the slowdown in market growth, and now expects like-for-like sales growth of between 0% and 4%, instead of the previous range of 4% to 6%.

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