(CercleFinance.com) – Following a rebound of more than 0.5% to 7,978 points for the CAC40, futures predict a timid gain of around 0.1% at the opening for the index- Parisian flagship, for a session which will be placed under the sign of inflation.
After a provisional estimate of inflation in France for May (among other French data) shortly before the start of the session, investors will learn, during the morning, that of the entire euro zone.
The latter promises to be particularly scrutinized one week before the ECB’s monetary policy meeting, especially since German inflation, revealed on Wednesday, turned out to be a rather bad omen at +2.4% in total. and +3% underlying.
‘Overall, the German data supports our forecast that headline inflation in the euro zone will remain at +2.4% and the underlying inflation rate will increase,’ says Capital Economics.
The London office does not believe the May hike will dissuade the ECB from cutting rates next week, given that it is due to temporary factors, but warns that a July pause ‘now looks more likely’.
At the start of the afternoon, it will be the turn of American inflation to focus attention, since the ‘PCE’ price index for April – closely monitored by the Fed for its monetary policy – will be published on the sidelines household income and expenditure.
In the meantime, in Parisian stock news, Renault Group announces the official launch of HORSE Powertrain Limited, its equal joint venture with the Chinese manufacturer Geely, a joint venture specializing in engines and transmissions.
Sanofi indicates that the CHMP of the European Medicines Agency has adopted a favorable opinion for the approval of its Dupixent in the EU as a complementary maintenance treatment in chronic obstructive pulmonary disease.
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