The Paris Stock Exchange expected to rise for a smooth recovery

The Paris Stock Exchange was heading with a smooth and rising opening on Monday, the first session of 2023 where volumes should still remain reduced due to the absence of American investors.

The futures contract for the star CAC 40 index advanced by 0.55% about forty minutes before the start of the session. On Friday, he ended the session down 1.52%, to 6,473.76 points, led by the trend in the American markets.

The drop over the week was slight (-0.47%), but over the year, the CAC 40 experienced its biggest drop since 2018, with -9.50%.

Today’s agenda is calm for investors, but the week will be less so, with the highlight on Friday the monthly report on employment in the United States.

Before that, the minutes of the last monetary policy meeting of the US Federal Reserve (Fed) will be published on Wednesday.

Given the absence of speeches from Fed officials since the December meeting, (this publication) will also be an important element in gauging the evolution of monetary policy in the coming months, estimates Stephen Innes, of Spi AM.

The main Asian and American markets are closed on Monday, as is the London Stock Exchange in Europe.

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Among the values ​​to follow are those of car manufacturers and suppliers. The French automobile market fell by 7.8% in 2022, the upturn in recent months not having made it possible to compensate for global delivery difficulties and shortages of electronic chips.

source site-96