(CercleFinance.com) – The Paris stock market is moving in a sea of oil at the start of the week and is still close to its closing level on Friday evening, around 6430 points (+0.3%).
In the absence of catalysts, investors are showing little inspiration, as evidenced by the low volumes, with just over a billion euros traded since the opening.
This morning, investors were still able to take note of France’s trade balance, which showed a deficit of more than 17.5 billion euros for September, compared to a deficit of 15, 3 billion the previous month, according to CVS-CJO data from the customs administration.
This month-on-month deterioration reflects a 3.6% increase in French imports, to more than 69.5 billion euros, stronger than the 0.5% growth in exports, at just more than 52 billion.
As a moving average over three months, the French trade balance deteriorated further, by 0.9 billion euros to settle at -16.8 billion, a worsening still driven by the deterioration of the energy balance.
At the end of the morning, Eurostat published the volume of retail trade in the euro zone and in the EU. Adjusted for seasonal variations, it increased by 0.4% in September compared to the previous month, increased by 0.4% in both areas after stagnating in August.
Compared to the same month in 2021, the calendar-adjusted retail sales index fell by 0.6% in the euro area and by 0.3% in the EU in September, after annual variations of – 1.4% in the euro zone and -0.9% in the EU the previous month.
In terms of statistics, the main meeting of the week is expected on Thursday, with the publication of the latest inflation figures in the United States, which should still come out at a high level.
Markets will also seek direction as they look to Washington, where the highly anticipated US midterm elections will be held.
In corporate news, on the occasion of the presentation of the third chapter of its ‘Renaulution’ plan, Renault Group announces its financial outlook for 2025-30, including an operating margin above 8% in 2025 and more than 10% in 2030.
The Losange also announces that it has signed a non-binding framework agreement with Geely, for the development of ‘hybrid and thermal powertrains with high energy efficiency’ and indicated that it is strengthening its technological collaboration with Qualcomm. Finally, the manufacturer has also signed new contracts with Google relating to the design and production of the digital architecture of the ‘Software Defined Vehicle’, and to the strengthening of the car manufacturer’s digitization.
For their part, Carrefour and Publicis have announced their intention to create a joint venture in retail media in continental Europe – a region where the addressable market for this activity should exceed five billion euros by 2026 – and in Latin America (Brazil and Argentina).
Altarea fell by nearly 1.6% the day after the announcement of revenue of 2.04 billion euros for the first nine months of 2022, down 0.8%, despite a ‘good operational performance across all businesses.
Finally, Eurazeo claims, at the end of September 2022, assets under management (AUM) at 32.4 billion euros, up 20% over 12 months, including 23.2 billion AUM managed on behalf of investors. third parties (+21%) and 21.5 billion generating commissions (+23%).
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