The Paris Stock Exchange is expected to be stable on Monday at the opening, the soap opera around the negotiations for the raising of the American debt ceiling still occupying investors.
The futures contract for the star CAC 40 index advanced 0.03% around forty minutes before the opening of the session. On Friday, it had taken 0.61%, to end the week up 1.04%, at 7,491.96 points.
The Parisian rating had even greatly exceeded 7,500 points on Friday, before giving up part of its gains in the last half hour with the renewed tension between Democratic and Republican negotiators.
US indices that started in the green lost 0.33% for the Dow Jones, 0.24% for the Nasdaq and 0.15% for the S&P 500.
The leader of the Republicans in the House of Representatives Kevin McCarthy showered optimism saying Friday that they should be put “on hold”.
“As we enter another important week, we have a feeling that we are likely to see more twists in this sad saga, with neither side doing particularly well,” said Michael Hewson, from CMC Markets.
President Joe Biden and Republican Leader Kevin McCarthy will meet in person on Monday to continue negotiations about ten days before the default deadline.
Republicans are demanding a cut in federal spending to give the green light. The Biden administration refuses, and proposes for its part to reduce certain expenses while increasing taxes for the richest and companies.
The stock market calendar is very sparse, with only the euro zone consumer confidence index expected at the end of the session.
On Tuesday, PMI activity indicators for the euro zone and the United States are expected, and on Friday, investors await the PCE inflation report in the United States.
Among the values to follow
Semiconductors: China’s cybersecurity body said on Sunday an investigation had uncovered security lapses at U.S. semiconductor maker Micron and called on companies working with sensitive data to stop buy its products.
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