CAC40: close to balance in starving volumes


(CercleFinance.com) – The Paris Stock Exchange is evolving around its equilibrium point, close to 6,560 points, while still less than a billion euros has been traded since the opening.

The Parisian index is still driven by Eurofins Scientific (+2.3) ahead of Safran (+1.9%) and Danone (+1.5%).

In Europe as in the United States, the session was marked by the absence of investors on this holiday and by the absence of catalysts.

Nevertheless, operators were able to take note at the start of the afternoon of new data on manufacturing activity in the New York region. This deteriorated very sharply in August, according to the ‘Empire State’ index, plunging 42 points to settle at -31.3 this month, and while economists were certainly expecting it down, but still in the positive zone.

The New York Fed says new orders and shipments plunged, unfilled orders fell and labor market indicators pointed to a slight increase in employment, but a decline in the average workweek. .

‘Although it is still high, the index of prices paid has fallen and that of prices received has remained stable. Looking ahead, companies did not expect a significant improvement in trading conditions over the next six months.

Over the next few days, market participants will take notice of several interesting statistics, such as the German ZEW index (Tuesday), British inflation (Wednesday) and consumer prices in the eurozone (Thursday).

In the United States are expected on Wednesday, retail sales and the ‘minutes’ of the last meeting of the Fed.

In corporate news, Ipsen announced late Friday that it has finalized the agreement to acquire all of the outstanding shares of Epizyme at a price of $1.45 per share plus a certificate of guaranteed value. of one dollar per share, thereby expanding its oncology portfolio.

Valneva announces that it has filed with the Securities and Exchange Commission (SEC) a supplemental prospectus relating to an ‘At-the-Market’ equity financing program (ATM program) on Nasdaq.

Airbus announces that Malaysia Aviation Group (MAG), parent company of Malaysia Airlines, has selected its A330neo for its wide-body fleet renewal programme, gradually replacing its 21 A330ceo aircraft.

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