(CercleFinance.com) – The Paris Stock Exchange is in equilibrium, around 7335 points, in a market neglected by investors in this summer period, with barely 500 ME exchanged since the opening.
Furthermore, no statistical publication is on the agenda.
Consequently, movements are expected to be limited on this eve of the Assumption Day, which will see the Milan and Vienna Stock Exchanges in particular remain closed.
Remember that the period of summer trough which opens today is a traditionally calm period on the markets, which tend to remain on the trends at work during the previous weeks.
The characteristics this year are: a soft landing scenario that strengthens in the United States, but activity that clearly loses momentum in Europe, which supports the dollar and weakens the euro.
Despite the summer period, the publications of several economic data are expected during the week in the United States, in particular retail sales figures and industrial production figures.
Wednesday, the minutes of the last meeting of the Federal Reserve, could also give valuable indications as to its monetary policy projects.
It should also be noted that bond yields remain at very high levels, penalizing the equity market: in the USA, the yield on t-bonds reached 4.18% (+0.4 pt), while in Europe the German bund and the French OAT are stable, around 2.61% and 3.15% respectively.
In the news of French companies, the Canal+ Group, a television subsidiary of Vivendi, announces the arrival in France of the sports service DAZN in its sports offers since August 12, as well as the distribution of the Canal+ Ligue 1 channel in France. DAZN app.
Valneva announces that the US FDA has postponed its target date for completing the regulatory review of the marketing authorization application for VLA1553, its chikungunya vaccine candidate, from the end of August to the end of November.
RCI Banque, the financing subsidiary of the Renault group, announced on Monday that it had reached an agreement to sell its Russian leasing subsidiary to Insight Investment Group.
Egide announced on Monday its intention to launch a capital increase intended to initiate the recovery of its American subsidiaries which it had so far planned to sell, an announcement which caused the title of the manufacturer of hermetic enclosures to fall.
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