The Paris Stock Exchange is expected to rise Tuesday at the opening, the last session of the week when the agenda is light before several important statistics on inflation in Europe and employment in the United States.
The futures contract for the star CAC 40 index rose by 0.41% around forty minutes before the opening of the session. On Monday, the Parisian rating began the week on a rise of 1.32% to 7,324.71 points, driven by announcements of support for the market from China and the end of the meeting of central bankers in Jackson Hole.
For its part, the New York Stock Exchange also closed higher: the Dow Jones index gained 0.62%, the Nasdaq, the dominant technology, advanced by 0.84% and the S&P 500 by 0.63%.
But the month of August is still negative for global financial markets, with a drop of 2.31% for the CAC 40, before a traditionally bad month of September for the indices.
After the Jackson Hole meeting, which marks the start of the new school year for market participants, investors’ agenda is full this week, with employment in the United States and inflation in Europe as topics.
The highlight will be Friday with the monthly US employment report, but signals are given from Tuesday, with an indicator on vacancies, then Wednesday with the ADP report for the private sector.
Better-than-expected numbers would give investors cold sweats, as the tightness of the job market means people are asking for more money for the same job than they otherwise would, and so increases the risk of job losses. inflation, notes Ipek Ozkardeskaya of Swissquote Bank.
In Europe, the data for inflation in August, crucial before the meeting of the European Central Bank in mid-September, will be published on Wednesday and Thursday.
Invest in real estate from €1,000. OUR rankings of the best SCPIs
In the United States, the PCE price indicator, the preferred barometer of the American central bank, the Fed, is also expected on Thursday.
It is therefore a week of all dangers for the indices, according to John Plassard, investment specialist at Mirabaud.
Among the values follow
Vivendi: the Italian government gave the green light on Monday to the entry of the State into the capital of the fixed network of Telecom Italia (TIM), of which the French media giant is the largest shareholder with 23.75% of the shares, in view of a joint purchase offer with the American investment fund KKR.