(CercleFinance.com) – Down around 0.4%, the CAC40 begins the session lower this Friday, following on from the day before, and awaiting a first wave of quarterly results at the start of afternoon in the United States.
The flagship index of the Parisian market fell by almost 0.4% to less than 7,105 points on Thursday, in a context of disappointment caused by a fairly slow decline in inflation in the United States, with an annual rate of 4.1% excluding energy and food in September.
‘From the Federal Reserve’s point of view, these figures are probably not worrying enough to trigger a further rise in interest rates, but they are also not good enough to rule it out,’ was the reaction at Commerzbank.
Investors should now pay attention, mid-session, to a series of publications from American companies for the third quarter, including those from banks JP Morgan Chase, Citigroup and Wells Fargo.
In terms of statistics, investors took note of the figures for inflation in France and industrial production in the euro zone this morning. We expect import prices and the UMich confidence index in the United States this afternoon.
Over one year, consumer prices in France increase by 4.9% in September 2023, a stable annual rate compared to that of August, according to INSEE which thus confirms its provisional estimate published on September 29.
Between July and August 2023, seasonally adjusted industrial production increased by 0.6% in the euro area and the EU, according to estimates from Eurostat, the statistical office of the European Union.
In securities news in Paris, Alstom indicates that the rating agency Moody’s decided on October 12 to confirm its long-term issuer rating at ‘Baa3’, but to lower its credit outlook from ‘stable’ to ‘negative’.
On the occasion of a nine-month preliminary publication, the supplier to the pharmaceutical industry Sartorius Stedim Biotech reduced its forecasts for the year 2023, both in terms of turnover and current EBITDA margin .
On the occasion of the state visit to France this week by the President of Mongolia Ukhnaagiin Khürelsükh, Thales Alenia Space announces the signing of an agreement to build a Mongolian national satellite telecommunications system.
The group will be responsible for building a very high-performance Ku-band satellite, called Chinggis Sat, which will provide high-speed internet connectivity throughout the country, including in rural white areas and for the benefit of nomadic populations.
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