(CercleFinance.com) – The Paris Stock Exchange could catch its breath a little at the opening, given futures on the CAC40 down around 0.3%, after a week which saw the index s ‘award 1.3% to 8028 points and thus display 6.5% cumulative gains since the start of the year.
‘It is customary to say in the stock market that trees do not rise to the sky. But recent years and recent weeks have shown that this is sometimes the case,’ notes Christopher Dembik, at Pictet Asset Management.
“Solid corporate results, share buybacks and American economic resilience are three of the main factors explaining the underlying upward trend on the stock market,” continues the market professional.
‘Even if a correction is inevitable this year, the underlying trend remains bullish for the stock market,’ he judges, pointing to the prospect of future rate cuts by central banks, probably next June, as another element of support .
No data is expected in Europe this Monday, but the following days will see the latest inflation figures in Germany and France for February, as well as industrial production in the euro zone and the United Kingdom for January.
However, the week promises to be especially busy in the United States in terms of statistics, in particular with the various inflation figures, as well as retail sales and industrial production for last month.
In stock news, Sanofi reports new positive phase II results for amlitelimab, which support its potential as a best-in-class drug in terms of maintaining response in the treatment of atopic dermatitis.
Spie announces the signing of an agreement to acquire approximately 92% of ICG Group, a leading German turnkey service provider in telecoms infrastructure (for fiber network and 5G mobile telecommunications ).
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