After gaining nearly 1.6% on Wednesday thanks to confirmation of the ongoing disinflation dynamic in the United States, the CAC40 continued its upward trend this morning, gaining a further 0.3% to 7,358 points.

As a reminder, the annualized rise in consumer prices across the Atlantic slowed in June, to 3% on a gross basis and 4.8% excluding energy and food products, rates lower than those anticipated by the market on average.

While the Federal Reserve is likely to raise rates again at the end of this month, these data support our view that this should be the last rate hike", commented Commerzbank after the publication.

The disinflation dynamic also seems to prevail in France, where Insee this morning confirmed a slowdown in the annual rise in consumer prices to +4.5% for the past month, after +5.1% in May.

Still on the statistics front, industrial production figures for May in the eurozone are due to be released late this morning, followed by US producer prices for June in the early afternoon.

Among stocks, Carmila gained 4% following an agreement to acquire 93% of the capital of the Galimmo real estate company, a potential acquisition that will be carried out simultaneously with Carrefour's acquisition of Cora France (+1%), announced at the same time.

Kaufman & Broad climbed nearly 4% following the publication of a 69% increase in net income, group share, to 38.5 million euros for its first half-year, on sales up 47% to 849 million.

Casino, on the other hand, dropped nearly 4% following an update by the food retailer on its first-half performance in France, unveiled as part of the conciliation procedure with its creditors.

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