(CercleFinance.com) – The Paris Stock Exchange ended the session with an anecdotal decline of 0.1%, to 6266 points. Nevertheless, the Parisian index arrogates nearly 10.5% in October, thus signing the strongest monthly increase since the beginning of the year.
With barely 1.4 MdsE exchanged 30 minutes from the close, the volume of transactions exploded in the last minutes to reach almost 3 MdsE at the final gong.
Note that the Euro-Stoxx50 has gained 0.23% and also gained more than 10.5% since October 1st.
Across the Atlantic, Wall Street was draped in red, the imminence of the Fed meeting and the publication of monthly employment statistics discouraging risk-taking after a month of October auspicious.
Thus, at midday, the Dow Jones fell 0.1% to 32,817.4 points, while the Nasdaq Composite dropped 0.6% to 11,040 points.
In Europe, investors were able to take note of a further acceleration in inflation to 10.7% in the EU (0.5% more than expected), a figure consistent with the +10.4% of the German inflation and +16.8% in the Netherlands.
A single figure in the United States this afternoon: the Chicago PMI fell to 45.2 against 47 the previous month.
This is not enough to ease the nervousness on the US T-Bonds with a yield that tends by +4Pts towards 4.05%… while the ’30-year’ mortgage rate crosses the 7% mark (more no real estate loan comes out, only those who have 100% cash are still active).
In Europe, Bunds fell by +7pts to 2.150%, our OATs by +8pts to 2.68%, Italian BTPs by +15pts to 4.3%.
The Fed’s FOMC begins tomorrow, a semi-holiday session that promises to be calm on the markets.
On the exchange side, the Euro fell -0.8% to $0.988, the Dollar Index rose by +0.75% to 111.55.
On the corporate side, the results season will begin to draw to a close, but the week will once again be tinged with several corporate publications.
The week will also be marked by the publication on Friday of US employment figures for the month of October, and by the meeting of the Federal Reserve which should end on Wednesday with a further rate hike of 75 basis points.
In corporate news, Riber’s turnover at the end of September 2022 was down 23% at 12.2 million euros, under the weight of a 51% drop in turnover from MBE systems (equipment molecular beam epitaxy) to 3.7 million.
Stellantis announced on Monday that it had filed for bankruptcy for its joint venture that produced and distributed its Jeep brand vehicles in China. In a statement, however, the manufacturer said it intends to continue to provide services to current and future Jeep brand customers in China.
Pernod Ricard announces that it has signed a contract with an investment services provider (ISP) for the acquisition of its own shares, for a maximum amount of around 150 million euros between October 31 and November 22.
Orpéa ends the session with a gain of 24%, to 8.2 euros, erasing the decline on Friday (-20%) but not the declines on Wednesday (-33%) and Thursday (-15%).
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