(CercleFinance.com) – The Paris Stock Exchange should open on a slightly positive note on Wednesday, in a market which nevertheless promises to be very calm on All Saints’ Day and where initiatives should remain limited to a few hours of the Fed’s decisions. .
Around 8:15 a.m., the ‘future’ contract on the CAC 40 index – expiring at the end of the month – increased by 29 points to 6925 points, suggesting a return above the threshold of 6900 points for this first session of November after a month of Particularly trying October (-3.5%).
At the end of two days of meetings of its monetary policy committee (FOMC), the Fed will publish its press release this evening at 7:00 p.m. and its president, Jerome Powell, will speak at a press conference scheduled around thirty minutes later .
The Federal Reserve is not expected to change its key rates, but investors expect the institution to provide valuable clues as to the evolution of its strategy for the coming months.
The resistance of the American economy has recently made stakeholders fear a possible new turn of the screw in December, or even a prolonged period of high rates, with no rate cuts in sight.
This public holiday in France, Italy, Spain and other European countries should nevertheless limit activity, even if all Euronext markets will operate normally today.
The intensification of the Israeli-Palestinian conflict, following the bombing of a refugee camp located in the north of the Gaza Strip, could also contribute to slowing down initiatives.
So many elements likely to influence bond yields, which had begun a welcome easing in recent days following their surge in past weeks.
On the bond market, the yield on ten-year US Treasury bonds remains undecided at around 4.87% and its German equivalent is relaxing towards the threshold of 2.80%.
On the oil front, crude prices are hesitant while awaiting the release, in the afternoon, of weekly crude stocks in the United States.
In London, the barrel of Brent is almost unchanged at 87.4 dollars, while the barrel of American light crude (WTI) timidly recovers 0.4% to 81.3 dollars.
In the absence of momentum from New York, where the rebound remained limited on Tuesday, attention should still be focused on company results, mainly in the United States with the publications of Qualcomm, Mondelez, PayPal, Estee Lauder, Kraft Heinz, Electronic Arts or DuPont.
Investors are also awaiting the release this afternoon of the ISM manufacturing index which should show a certain sluggishness in the sector, but without a marked decline in industrial activity.
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