(CercleFinance.com) – The Paris Stock Exchange starts the week in the gloom, the CAC40 posting in the middle of the morning a decline of around 1% to around 5810 points, pending the kick-off in the third quarter earnings season in the United States.
Various large American groups must indeed reveal their quarterly performance in the next few days, in particular financial institutions such as JP Morgan Chase, Morgan Stanley or Citigroup on Friday.
No statistics are expected on Monday, but operators will be attentive this week to inflation data in the United States and various European countries, or even industrial production in the euro zone and US retail sales.
In the meantime, we observe a continuation of the general depression of the markets last Friday, against the backdrop of a generally unwelcome US employment report and a warning issued by the semiconductor manufacturer AMD.
“While the Fed still seems in a hawkish mood and the US and global economies are struggling, we now expect the S&P 500 to fall more than we previously thought,” Capital Economics said Friday evening.
On the stock side in Paris, Renault is up more than 2% as the automaker is currently engaged in ‘confident’ discussions with Nissan around continued initiatives to strengthen cooperation and the future of their alliance.
TotalEnergies loses 2% against the background of blockages of deposits in France, blockages which lead the energy company to propose to anticipate in October the mandatory annual negotiation with the social partners, which was scheduled for November.
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