(CercleFinance.com) – After spending the entire day in negative territory, the Paris Stock Exchange concluded the session with a decline of 0.55% to 7,021 points, notably penalized by the declines in Worldline (-4.2 %) or LVMH (-2.6%).
The session was notably marked by low volumes with barely 2.6 billion euros exchanged since the opening.
On the statistics front, only German industrial production for August was expected this Monday: after a decline of 0.6% in July (revised from an initial estimate which was -0.8%), it decreased by 0 .2% in August compared to the previous month, according to data adjusted for seasonal and calendar variations from Destatis.
There will be more statistical publications at the end of the week, with in particular the highly scrutinized American inflation figures for last month, to be published on Thursday.
At Barclays, the annual rate is expected to fall to 3.6% on a reported basis, with underlying inflationary pressures remaining firm, driven by the trend in core services.
The weekend will also see the start of the quarterly results season for American companies, notably with the publications, scheduled for Friday, from financial heavyweights such as JP Morgan Chase and Citigroup.
In the meantime, the barrel of Brent is gaining more than 4% and is trading around $88.
On the bond front, despite a slight easing, yields remain at very high levels with a 10-year German bund around 2.78%, French OATs at 3.38% and American Treasury bonds at 4.68%. %.
In French company news, Renault Group announces that as of November 1, Jérôme Gouet has been appointed purchasing director for platforms A, C, D, VU and the Renault brand, replacing Jana Striezel. He becomes a member of the Renault management committee.
Alstom announces that Saudi Arabia Railways (SAR) will introduce and operate the world’s first hydrogen-powered passenger train, the Coradia iLint, in Riyadh in October, marking the first-ever introduction of a hydrogen-powered train in the Middle East and in Africa.
As the third quarter activity point of October 27 approaches, Barclays reaffirms its ‘overweight’ recommendation on Safran with a price target raised from 159 to 166 euros, due to the change in its euro/euro exchange parity assumption. dollar.
Despite a price target reduced from 125 to 120 euros, Stifel reiterates its ‘buy’ recommendation on Vinci, judging that ‘the dynamic results remain intact, despite the impact of higher rates and taxes on its concessions’.
Finally, Airbus announces that it has officially launched the construction of a new A400M maintenance center in Wunstorf (Germany), right next to the Air Transport Squadron 62 (LTG 62) air base.
The European aircraft manufacturer also announced that easyJet had become the first airline in the world to sign a contract with it for its initiative to eliminate carbon emissions, thanks to its technology using Direct Air Carbon Capture and Storage (DACCS). ).
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