Market: Cautious start to busy week


(CercleFinance.com) – The European stock markets are generally entering into a cautious week (-0.3% in London, +0.1% in Frankfurt, -0.4% in Paris) a week which promises to be busy on the financial front. macroeconomic data, across the Atlantic and on the old continent.

‘This week will be important for the markets, both stocks and rates because on Thursday we will know the PCE inflation measure, that is to say the inflation measure most monitored by the Fed, the one it uses in its quarterly projections’, points out IG France.

In addition to this major data, the week will see the publication of economic sentiment indices from the European Commission, the latest inflation estimates in the euro zone, and even the manufacturing PMI indices from S&P Global.

The corporate results season will also continue on both sides of the Atlantic, with for example groups such as Target, HP or Salesforce in the United States, or Bouygues, Air France-KLM and Veolia in Europe.

For now, we note that Tele2 is up 9% on the OMX, surrounded after the announcement of the acquisition by Freya, Iliad’s investment vehicle and NJJ Holding, by around 19.8%. of its capital for around 13 billion Swedish crowns.

Stellantis fell by more than 1% in Paris, despite a framework agreement with the car rental group Ayvens (resulting from the merger of ALD Automotive and LeasePlan), which provides for a gigantic order of up to 500,000 vehicles in Europe by 2026.

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