The Paris Stock Exchange is expected to drop slightly at the opening on Tuesday, fears about the strength of economic activity in the world remaining strong while the fight against inflation is still far from over.
The futures contract for the star CAC 40 index fell by 0.25% around forty minutes before the opening of the session. On Monday, it ended down 0.24% to 7,279.51 points.
The meeting will be marked by the publication of the final estimate of the leading indicators of activity, particularly in services for Germany, France and Italy, as well as the composite index for the euro zone.
Over the past couple of months there has been growing evidence that the strength in services has started to falter…today’s numbers could well be the final piece in the European Central Bank’s puzzle to pause its rate hike cycle, writes CMC Markets analyst Michael Hewson.
But investors are still looking for confirmation of this trend: ECB President Christine Lagarde gave a speech in London on Monday in which she did not reveal anything about what the monetary institution could decide during its next meeting on September 14, which contributed to the reversal of the price trend.
At the end of its meeting on Tuesday, the Australian central bank decided to leave its rates unchanged.
And in China, economic activity in services still had to, settling well below analysts’ forecasts for the independent Caxin index, published on Tuesday.
The indicator acts as a reminder of the country’s economic troubles, as investors were reassured on Monday by reassuring signs in the real estate sector.
Again on Tuesday, Country Garden, one of China’s largest real estate groups with astronomical debt, paid a refund to formally avoid a default on Tuesday, according to the financial news agency Bloomberg.
Among the values follow
Airbus / Air France-KLM: the two groups have entered into exclusive negotiations with a view to creating a joint venture for the maintenance of long-haul A350 parts, the two partners announced on Monday in a joint press release.
Valeo: the French equipment manufacturer will continue to develop Lidar sensors for autonomous driving and remains convinced by this technology, assured AFP Christophe Prillat, its director general, after Bosch’s decision to stop its work in this area.