The Paris Stock Exchange is expected to be close to balance at the opening on Monday, one focused on the situation in the Middle East, the other on the results of companies which will multiply during the week.
The futures contract for the flagship CAC 40 index was stable around forty minutes before the opening of the meeting. Friday, it ended at 7,003.53 points, down sharply on the market (-1.42%), and over the week (-0.80%).
Friday’s decline is mainly explained by fears of a new escalation in the Middle East, which encouraged investors to be cautious, explains Michael Hewson, analyst at CMC Markets, for whom the situation will continue to weigh on prices.
Israel continued to mobilize its troops on Sunday on the outskirts of the Gaza Strip in preparation for a probable ground offensive against Hamas, which has raised fears of a conflagration throughout the region.
The war between Israel and Hamas, which left thousands dead on both sides, was triggered after a bloody and unprecedented attack launched on October 7 by Hamas against Israeli territory from the Gaza Strip under the control of Hamas. Palestinian Islamist movement.
On Monday, interest rates on American government loans rose again and gold started to fall after its best week since March, signs that investors’ preference for safe assets was waning a little.
On the economic side, investors will have little new information on Monday, apart from an index of manufacturing activity in the highly industrialized region of New York (Empire State).
They will remain on the lookout for the results of American companies, also announces John Plassard, investment specialist for Mirabaud, with some big names like Tesla, Bank of America, Johnson & Johnson, Procter & Gamble and even Netflix.
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In France, L’Oral, Edenred, Renault and Pernod Ricard will publish their accounts on Thursday.
Among the values to follow
Atos: the president of the IT group, Bertrand Meunier, has resigned, and the finalization of the contested sale project to Czech billionaire Daniel Kretinsky is postponed until the start of the 2nd quarter of 2024.
Lagardre: the group, in the process of being absorbed by the media giant Vivendi, achieved a turnover of 5.9 billion euros over the first nine months of 2023, up 18.1%, supported by its shops in airports and train stations, according to a press release published Friday.