The Paris Stock Exchange is expected to fall at the opening on Monday, in the wake of profit-taking on the American indices on Friday and after having crossed 8,000 points for the first time last week.
The futures contract for the flagship CAC 40 index fell by 0.35% around forty minutes before the opening of the meeting. Last week, it gained 1.18% to establish a new record in closing (8,028.01 points) and in session (8,048.09 points) on Friday.
Solid corporate results, share buybacks and American economic resilience are three of the main factors explaining the underlying upward trend on the stock market, summarizes Christopher Dembik, investment advisor at Pictet AM.
But on Friday, while Wall Street had started in the green, the trend then reversed, notably with a fall of more than 5% in Nvidia, the darling of the markets for a year, after six sessions of increase.
On Monday, the trend also materialized in Japan, where the Nikkei index, which has also been experiencing rapid growth for several months, lost 2.19%.
It is obvious that the market cannot maintain the rate of increase indefinitely, explains John Plassard, investment specialist for Mirabaud. However, it is difficult to anticipate future declines, he adds.
The Monday agenda is, as usual, poor in macroeconomic indicators. This will not last long since as of Tuesday, inflation figures for February are expected for the United States, a week before the start of the meeting of the American Central Bank.
Even if a correction is inevitable this year, the underlying trend remains upward for the stock market, believes Mr. Dembik.
Among the values to follow
Carrefour: the Services branch of the CFDT union announced on Monday AFP that it would summon the distribution giant before the Evry judicial court, accusing it of the sale of numerous stores to third-party companies, which it considers to be local relocations.