CAC40: a note of caution before US inflation


(CercleFinance.com) – After ending Friday with a gain of nearly 0.9% at 7,060 points, the Paris Stock Exchange begins the week on a slight note of caution. The CAC40 is down around 0.2% towards 7044 points.

Only German industrial production for August was expected this Monday, but the end of the week promises to be quite busy on the statistics front, with in particular the American inflation figures for last month, to be released on Thursday.

After a decline of 0.6% in July (revised from an initial estimate of -0.8%), German industrial production fell by 0.2% in August compared to the previous month, according to corrected data seasonal and calendar variations of Destatis.

For US inflation, Barclays says it expects the annual rate to fall to 3.6% on a raw basis, but estimates that ‘underlying inflationary pressures have remained firm’, due to the trend in services. base.

This week will also be marked by the start of the third quarter results season in the United States, with in particular those of financial heavyweights such as JP Morgan Chase and Citigroup, scheduled for Friday.

For now, Renault Group announces that as of November 1, Jérôme Gouet has been appointed purchasing director for platforms A, C, D, VU and the Renault brand, replacing Jana Striezel. He becomes a member of the Renault management committee.

Alstom announces that Saudi Arabia Railways (SAR) will introduce and operate the world’s first hydrogen-powered passenger train, the Coradia iLint, in Riyadh in October, marking the first-ever introduction of a hydrogen-powered train in the Middle East and in Africa.

Virbac announces the signing of an agreement to acquire Globion, an Indian specialist in the fast-growing poultry vaccines market, a transaction which will strengthen its position as market leader in animal health in India.

Antin Infrastructure Partners announces the appointment of Tobías Martínez, founder and former CEO (from 2015 to June 2023) of the Spanish telecoms infrastructure group Cellnex Telecom, as senior advisor.

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