(CercleFinance.com) – The Paris Stock Exchange gained almost 0.5% this morning, around 7,412 points, driven by Alstom (+2.4%), Bnp Paribas (+2.1%) and Carrefour (+ 2%).
The week that begins promises to be busy in terms of the economy, culminating in the monetary policy meeting of the European Central Bank (ECB) on Thursday, which will precede that of the Fed, expected next week.
In view of the statements made by its president, Christine Lagarde, last Wednesday in Davis, the Frankfurt-based institute should resist market calls for a rate cut from March.
‘It is very likely that investors will be disappointed,’ warns Christopher Dembik, investment strategy advisor at Pictet AM.
‘In the very short term, it is not in the ECB’s interest to reveal too much about the date of the first rate cut and the pace of the easing process,’ he adds.
Given the questions surrounding the evolution of monetary policy in Europe and the United States, operators will focus on company results, which are expected to increase this week.
Investors are particularly hoping that the publications of many technological heavyweights such as Netflix, Tesla, IBM or Intel will breathe new life into the market.
These announcements will be closely followed as Wall Street set new records Friday evening, still supported by the good shape of stocks linked to semiconductors and AI.
Several European big names are also due to publish their accounts in the coming days, including ASML, LVMH, Nokia, SAP and Stmicroelectronics.
The week will also be punctuated by the PMI activity indices for Europe, expected on Wednesday, then the first estimate of fourth-quarter American growth, which will be released on Thursday.
In the bond sector, the upward movement in US Treasury bond yields continues, still fueled by the prospect of a less rapid easing of monetary policies than expected.
At nearly 4.13%, the US ten-year yield is still at one-month highs while its German equivalent, the Bund with the same maturity, is moving towards 2.27%.
Brent fell 0.9% this morning to $77.9 per barrel, while the euro remained stable against the greenback, around $109/E.
La Française des Jeux (FDJ) publishes a current EBITDA of 675 million euros for the year 2023, i.e. a margin of 25.1% for a turnover of 2.62 billion, an increase of 6. 5% (+2.8% on a comparable basis).
Crédit Agricole announces the acquisition of a 7% minority stake in the capital of Worldline, in continuation of the strategic partnership between the two groups, for which the signing of a binding agreement was announced in July 2023.
Finally, ST Dupont announces today the launch of a capital increase with maintenance of preferential subscription rights intended to raise 25 million euros paid up either in cash or by debt offset.
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