(CercleFinance.com) – The Paris Stock Exchange should register a very slight increase on Tuesday morning after its stagnation the day before, investors remaining cautious before the publication of two indicators on the United States economy.
Around 8:15 a.m., the futures contract on the CAC 40 index – April delivery – is trading at 8199 points, up 24 points, announcing minimal gains at the opening.
After its break last week which continued on Monday, the Parisian market hopes to move forward in the coming days thanks to economic indicators such as investors like.
These must remain consistent with the ‘goldilocks’ scenario, that is to say reassuring about the state of growth but not sufficiently vigorous to rule out the prospect of future rate cuts.
This afternoon, the market will take note of the figures for orders for durable goods and then consumer confidence from the Conference Board, which will give a first glimpse of the morale of American households.
Other important indicators will follow, such as the latest estimate of fourth-quarter US GDP expected on Thursday, but the highlight of the week will be the February household income and spending statistics.
This publication, whose price component is the measure of inflation favored by the Federal Reserve, will make it possible to refine forecasts in view of the Fed’s next decisions.
The mood could nevertheless be on pause as the long Easter weekend approaches and the end of the first quarter, which resulted in the simultaneous achievement of closing records on all the major world markets.
The recent rise in indices has revived doubts among some investors about the valuation levels of shares which some analysts describe as ‘overvalued’, or even consistent with the creation of a ‘bubble’.
‘From a stock market point of view, it will certainly take a breather in the short term after the significant gains of this first quarter,’ judges Christopher Dembik, investment strategy advisor at Pictet.
Since January 1, the Parisian index has increased by more than 8%.
“We can note that the CAC 40 is almost on par with the S&P 500 in terms of performance,” continues Christopher Dembik. ‘It’s rare enough to mention it,’ concludes the strategist.
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