(BFM Bourse) – The Paris Stock Exchange begins this new week on a decline, catching its breath after a good week and the confirmation of a deterioration in activity in the euro zone. The CAC 40 lost 0.5% Monday evening.
The Paris Stock Exchange is delaying this Monday after recording its best week since the end of March (+3.7%).
Its main index, the CAC 40, begins the week down 0.48% to 7,013.73 points. On Wall Street, the mood is slightly better with American indices remaining in the green, after having had their best week of the year.
At the close of European markets, the Dow Jones rose by 0.06%, the Nasdaq appreciated by 0.30% and the S&P 500 gained 0.16%.
Investors are still hoping to see the US Federal Reserve maintain its key rates at the end of its December meeting, before a possible cut in June. Especially since the latest American employment figures published on Friday lend credibility to the thesis that the rates of the American institution have reached their peak. The United States created half as many jobs as expected last month (150,000 compared to 297,000 in September), again far from the target, close to 175,000. The unemployment rate increased slightly to 3.9% of the active population.
In Europe, however, the trend is duller after the publication of statistics in the morning confirming a deterioration in activity in the euro zone. The only statistic on the program for this Monday, the composite HCOB PMI index for the month of October which is therefore confirmed at a low for November 2022, at 46.5 points after 47.2 points in September. The index is therefore still below the 50 zone marking the border between expansion and contraction of economic activity.
Orpea postpones its medium-term financial objectives by one year
On the business side, it’s dead calm after two busy weeks of publications. Note, however, Teleperformance (-3.2%) which will publish its third quarter turnover after the close.
Orpea finished down 5%, below the symbolic euro at 0.996 euros. The retirement home operator indicated this Monday morning that it had postponed its medium-term financial objectives by one year.
On the foreign exchange market, the euro is appreciating against a dollar weakened by the latest statistics published across the Atlantic. The single currency rose 0.14% to $1.0748.
On the oil side, it opts for the rebound supported by the latest announcements from Saudi Arabia and Russia on a continued reduction in their production. The January contract on Brent from the North Sea gained 1.3% to 86.02 dollars per barrel, while that of December on WTI listed in New York appreciated by 1.6% to 81.83 dollars per barrel. barrel.
Sabrina Sadgui – ©2023 BFM Bourse