The Paris Stock Exchange is expected to be close to equilibrium at the opening on Tuesday, in a session which will be animated by the leading indicators of PMI activity for the month of May in Europe and the United States.
The CAC 40 futures contract fell 0.10% around forty minutes before the opening of the session. On Monday, the flagship index ended down 0.18% to 7,478.16 points.
On the diary of investors are for Tuesday the PMI activity indicators in services and in industry for May, which are published for France from 9:15 a.m., for the euro zone at 10:00 a.m. and in the United States at 3:45 p.m.
One of the most notable trends in recent months has been the continued divergence between service sector activity and manufacturing activity, with the former much more robust than the latter, said CMC Markets analyst Michael Hewson.
The most important question is how long this trend can continue (…) Although inflationary pressures have slowed, prices continue to rise with a significant impact on wages, he explains.
Investors will keep an eye on the soap opera of the moment, the negotiations on raising the US debt ceiling and the risk of default in June if no agreement is reached.
Joe Biden and opposition leader Kevin McCarthy wanted to believe a way out of the crisis on Monday after a meeting between them, but their disagreements have not yet been overcome.
Treasury Secretary Janet Yellen recalled Monday that it was very likely that the United States would find themselves short of public money after June 1.
Among the values follow
Socit Generale: after a long reign, Frdric Ouda, managing director of the bank, will hand over to Slawomir Krupa at the end of the general meeting, whose mission will be to make people forget fifteen years of turbulence.
ALD: the subsidiary of Socit Generale specializing in long-term vehicle leasing, announced on Monday that it had finalized the acquisition of its Dutch competitor LeasePlan, a 4.8 billion euro transaction aimed at forming a giant in the sector.
Casino: the board of directors of the group, heavily indebted, decided Monday evening to ask as of Tuesday the opening of a procedure of conciliation near the commercial court of Paris which will have to give the green light, according to the Figaro. Its parent company Rallye, announced on Monday the opening of a conciliation procedure with its creditors by the Paris Commercial Court, in order to move forward on the renegotiation of its debt.
Bonduelle: the French specialist in canned and frozen vegetables announced the arrival of its general management of Xavier Unkovic, with more than 20 years’ experience in North America, where the group is experiencing difficulties.