(CercleFinance.com) – The Paris Stock Exchange is no longer giving up anything (unlike this morning) but is no longer gaining anything either (at 4 p.m., the CAC was gaining close to +0.2%, supported by the resilience of Wall Street which showed limited losses, around -0.1%).
But the CAC40 does not reflect a ‘resumption of breathing’ in Europe because the Euro-Stoxx50 gains +0.3% to +0.4% to get closer to 5,050, in the wake of the DAX40 which gains 0.4% and smashes a new absolute record at 18,260 Points.
German stocks seem well on their way to completing a 22nd week of growth (the calendar month ends on Thursday for many European places… and the tradition for 5 months has been to end at the highest).
For its part, the CAC now seems to come up against the technical barrier of 8250 points, a resistance zone closely followed by investors.
Variations should remain limited this Monday and the trend should remain sluggish in the absence of a major event and the lack of significant news.
The macroeconomic agenda looks particularly thin this Monday with the publication after the opening of Wall Street of new housing sales: they fell imperceptibly, by -0.3% in February compared to the previous month, for establish at 662,000 units at an annualized rate, according to the Commerce Department, after an increase of 1.7% in January.
The median home price was $400,500 and the average price was $485,000. The stock of new houses for sale represented 463,000 at the end of February, representing a reserve of approximately 8.4 months at the rate of sales at the time.
Wall Street pleasantly surprises: after a good week at +2/+2.5%, the US indices are giving up almost (no more) anything.
They were expected to fall by -0.3%, the S&P500 and the Nasdaq are now only falling by -0.15% on average, the Dow Jones by barely -0.3%.
On the bond market, the start of the week is marked by consolidation with T-Bonds showing +4Pts at 4.258%, Bunds and OAT deteriorating by +5Pts and +6Pts respectively, to 2, 3710% and 2.8550%.
The Dollar also consolidates without intensity, the Euro recovering +0.25% to 1.0833.
The ounce of gold took advantage of this to rebound by +0.6% towards $2,180 and ‘Brent’ oil stood out this evening with an increase of more than 1.5% in London, with the re-test as a result. from the recent zenith of $87.
In French company news, Danone announced Friday evening that it had obtained the Russian regulatory authorizations required for the sale of its EDP activities in Russia to Vamin R LLC, the completion of this sale being planned in the coming weeks.
Airbus announced on Monday that it had reached an agreement to acquire Infodas, a German company specializing in the cybersecurity sector.
Atos rose by +5.5% this Monday on the Paris Stock Exchange after the announcement by David Layani, the boss of Onepoint, of his intention to come to the aid of the French technology group in difficulty.
Finally, Micropole announces that it will ask Euronext to suspend its price this Monday before market trading, until further notice, its CEO Christian Poyau having been informed on Friday evening of the imminent filing of a public offer, possibly as early as Monday.
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