The Paris Stock Exchange is expected to fall at the opening on Monday, moving a little away from the threshold of 8,000 points now in its sights thanks to well-received company results throughout the season.
The futures contract for the flagship CAC 40 index fell by 0.20% around forty minutes before the opening of the session. Friday, he had an eighth session of increases in a row, his best series since November 2021, signing his seventh record points at the close.
It finished at 7,966.68 points (+2.56% over the week), after rising to 7,976.40 points during the session.
“Investors will be on the lookout for new elements so that the positive trend continues,” estimates John Plassard, investment specialist at Mirabaud.
But as is often the case on Mondays, the agenda on the market is weak, with only a few second-rate indicators in the United States and an intervention from the President of the European Central Bank, Christine Lagarde at the very end of the session.
Therefore, “a period of profit-taking may be in order as investors catch their breath after last week’s buying frenzy, fueled by enthusiasm for the global technology and artificial intelligence sectors” especially after the results announced by Nvidia, believes Stephen Innes, Spi AM analyst.
The weekend will be busier, with February inflation figures in the euro zone and the United States on Thursday.
A second estimate of growth for the last quarter of 2024 in the United States on Wednesday, as well as the final measurement of PMI activity indicators in February in Europe and the United States on Friday are also expected.
Among the values to follow
Casino: the Paris commercial court must render its decision on Monday on the rescue plan for the distributor in difficulties of the distributor, which was the subject of unfavorable opinions from employee representatives and the public prosecutor but has no alternative.
Saint-Gobain: the company announced Monday that it had signed an agreement to acquire the Australian CSR, valued at 2.7 billion euros. The submission of the offer was made official on Wednesday.