With no prominent releases from the corporate side, traders will focus on economic data, especially October inflation in the Eurozone. New York will open an hour earlier after the switch to winter time in Europe.
Inflation in the euro zone as the highlight of this session on Monday | Photo credits: Dimitris Aspiotis/Shutterstock/SIPA
Quarterly publications will continue this week, but at a slower pace. There are thus only six components of the Cac 40 to engage in the exercise: Axa, BNP Paribas, Great, Stellantis, Teleperformance and Societe Generaleon the days from Wednesday to Friday.
In the meantime, Monday’s session will be placed under the sign of the economy, with a highlight, that of theinflation in the euro zone in the first estimate for the month of October. It should logically have accelerated further compared to the 9.9% rise in consumer prices observed for the month of September, in the wake of data unveiled in France and Germany on Friday, with respective increases to 7 .1% and 11.6%. It will be at 11 o’clock.
At the same time, we will learn about the first estimate of the evolution of the gross domestic product in the third quarter, again for the euro zone.
Wall Street from 2:30 p.m. to 9 p.m.
Two statistics to report in the United States, which are not likely to influence the course of Wall Street: the index of Chicago Area Purchasing Managers at 2:45 p.m. and the results of theDallas Federal Reserve Manufacturing Survey of October at 3:30 p.m., both for October. Note however that, given the change to winter time in France, the American markets will be open from 2:30 p.m. to 9 p.m. The Fed’s monetary decision is therefore scheduled for 7 p.m. Paris time on Wednesday.
In China, the indices PMI purchasing managers’ national reports for the manufacturing and services sectors for October will have been presented before the opening of the European session.
In terms of companies, the supplier of the semiconductor industry Riber announces its third quarter sales.