(CercleFinance.com) – The Paris Stock Exchange should open without much change on Monday morning, the absence of Wall Street, closed for Memorial Day, prompting investors to take a break.
Around 8:15 a.m., the ‘future’ contract on the CAC 40 index – expiring in June – rose by 54 points to 6547.5 points, announcing a slight increase in the first trade.
The day’s session looks particularly calm due to the closing of the New York Stock Exchange, an additional reason to avoid risk taking after the comfortable gains recorded last week.
The CAC managed to operate a technical rebound of 3.6% last week, but some strategists point out that the tangible signs of a real trend reversal are slow to materialize.
While waiting to learn more about the possible continuation of the rebound signed last week, investors will focus today on the latest inflation figures in Germany.
Beyond the absence of Wall Street, risk-taking should remain limited pending the publication this week of several indicators that will provide more information on the health of the global economy.
Market players will be watching the US employment figures, which will be released on Friday, with particular attention.
Economists expect a deceleration in job creations in May, expected around 325,000 against 428,000 in April.
On the Tokyo Stock Exchange, the Nikkei index ended up 2.2% on Monday, supported by the gains recorded on Friday in New York and the announcement of an action plan for the economic recovery in Shanghai .
In a bid to coordinate control of the Covid epidemic, China’s largest city has announced that it will promote the resumption of production in all sectors of industry.
The idea is to accentuate the prevention and disinfection measures of companies in order to stabilize production chains and facilitate national and international logistics and transport channels.
In China, the CSI 300 index of large caps rose 0.3% following these announcements and the Shanghai Stock Exchange recovered nearly 0.2%.
In this climate of near-general torpor, oil prices rose, with American light crude advancing 0.8% to over $116 and North Sea Brent rising 0.5% beyond $120.
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