The Paris stock exchange closed at 7,965 points, a drop of 0.89%, while the S&P 500 and Nasdaq in the United States rose by 0.6% and 1% respectively. This contrast was partly due to U.S. inflation data for August, which came in lower than expected. The data helped technology stocks recover, with Alphabet seeing a rise of more than 3%. In Paris, Pernod Ricard, a major drinks company, saw its shares climb 1.10% to 60.66 euros. This was supported by Deutsche Bank, which raised its price target for the company from 61 to 63 euros, citing the stronger dollar. Deutsche Bank also slightly increased its earnings forecasts for the coming years, though it expects a drop in revenue for the 2026-2027 period. Air Liquide, a French industrial gases company, announced a new investment of over 170 million euros in Japan to supply ultra-pure gases for a leading semiconductor manufacturer. This move positions Air Liquide as a key player in the AI and high-performance computing sectors. The company’s stock rose 1.18% to 170.88 euros, marking a 17% increase since the start of the year. Showroomprivé, an online platform for event sales, reported a 9.1% decline in revenue for the first half of the year. However, it managed to reduce operating expenses by 12% and cut its net loss to 23.1 million euros. Despite this, the company’s cash reserves have dropped significantly, and it is expected to face challenges in meeting a banking commitment in 2026. As a result, its stock price fell by 5.31% to 0.98 euros, though it has still risen 82% since the beginning of the year. The U.S. inflation data, although lower than expected, was affected by a methodological change that revised previous numbers downward. Despite this, American consumer spending remained strong, with household spending rising 0.9% in August. This has led the market to believe that the Federal Reserve may be less likely to raise interest rates in October. However, the Fed is not entirely easing its stance, as inflation remains far from its 2% target. OpenAI, the company behind the ChatGPT and other advanced AI models, is reportedly seeking to raise 30 billion dollars based on a valuation of 1,400 billion. This is a significant increase from its previous valuation of 852 billion in March. OpenAI continues to delay its stock market listing, citing the need to better manage risks associated with increasingly autonomous AI models and challenges in cybersecurity, regulation, and infrastructure needs. Upcoming economic indicators include weekly jobless claims and a manufacturing index, which will offer further insights into the American economy. In Europe, the final manufacturing indices for September will confirm whether activity has improved. Corporate results from Accenture and Nike will also be closely watched. ESG ratings, which evaluate companies based on environmental, social, and governance criteria, vary significantly between organizations. These ratings do not guarantee better stock market performance or ensure that companies rated highly are free from controversy.