(BFM Bourse) – The Paris Bourse is picking up some color after losing nearly 4% in five sessions. The CAC 40 thus progressed by 0.45% on Monday evening before a busy week in major statistics and the kick-off of corporate publications in the United States.
The Paris Bourse is trying to come to its senses after a nightmarish week. The CAC 40 rose 0.45% on Monday evening to end its race at 7,143.69 points.
Pending strong announcements, which have not yet taken place, this Monday, the Parisian index has therefore advanced cautiously, weighed down by the rise in bond rates and by the aggressive speeches of the major central banks.
Published on Friday, the US employment figures should not lead the Federal Reserve to change its decision to raise its key rates again this month. Beyond job creations below expectations, “the unemployment rate has fallen and hourly wages have maintained rapid growth, maintaining their increase at 4.4% year-on-year”, underlines Sebastian Paris Horvitz, of LBPAM.
Operators are also opting for caution before the publication of major statistics in the United States, namely the consumer price index for June on Wednesday, before those for production on Thursday. In Europe, final euro zone inflation data will be on the agenda this week, as will the start of the corporate earnings season in the US on Friday.
Little animation
As for values, movements remained contained on the CAC 40. The biggest increase was signed by Safran (+1.5%) followed by Saint-Gobain (+1.1%) while Engie (-1, 3%) posted the largest decline at the close.
Kering recovered 0.7% while according to the FinancialTimesthe luxury group would have bought for 3.5 billion euros, the high perfumery company Creed in June.
On the SBF 120, SES-imagotag recovered 3.4% continuing its rebound of 30% on Friday. Investors are reassured by the turn taken by the stock market battle between Gotham City Research and specialist in smart labels and , which seems to be to the advantage of the latest protagonist.
On mid-caps, the biotech Nanobiotix rebounded 40% thanks to the signing of a licensing agreement with the Dutch laboratory Janssen, which looks promising.
Very promising stock market debut for Osmosun, which jumped 10.3% for its first session on Euronext Growth.
In other markets, the euro climbed 0.2% to 1.0989 dollars a barrel. Oil contracts are limiting their decline. They were trending lower in response to inflation data from China, which cast doubt on the quality of the recovery in the world’s second-largest economy. The September contract on Brent from the North Sea is almost stable at 78.42 dollars a barrel while that of August on WTI listed in New York lost 0.2% to 73.75 dollars a barrel.
Sabrina Sadgui – ©2023 BFM Bourse