The Paris Stock Exchange is expected to be close to equilibrium on Monday to gently launch a busy week, with the highlight being US inflation and a meeting of the European Central Bank.
The futures contract for the flagship CAC 40 index advanced by 0.30% around forty minutes before the opening of the session. Friday, its gain of 0.62% did not prevent it from being in the red for the whole week (-0.77%), ending at 7,240.77 points.
Investors don’t have much to eat on Monday in terms of economic indicators, but that won’t last.
Lots of price data is expected in the US on Wednesday and Thursday, while in Europe all eyes are on Frankfurt and the European Central Bank, which holds its monetary policy meeting on Thursday.
It will have to choose between raising its rates for the tenth time in a row or decreeing a pause, with a disappointing inflation trajectory and a sluggish economy.
In July, ECB President Christine Lagarde said both options were possible at the start of the school year, a year after the launch of the fastest rate hike cycle in the history of the institution, then remained silent during his latest speeches.
“A major catalyst for this recent ‘stock price’ volatility has been the relentless surge in oil prices, which has heightened concerns about inflation, precisely when many major central banks were hoping to wrap up or be about to complete their interest rate hikes,” said Stephen Innes of Spi AM.
In Asia, the session was busier, with a strong appreciation of the yen after statements by the governor of the Bank of Japan as well as a new reprieve being negotiated by Country Garden, one of the largest real estate groups. from China in a precarious financial situation for the rescheduling of several repayments.
During the weekend, the G20 summit chaired by Indian Prime Minister Narendra Modi in New Delhi, in the absence of Xi Jinping and Vladimir Putin, resulted against all expectations in a consensual final declaration, but not without compromise on the Ukraine like on the climate.
Among the values to follow
Bic: The maker of disposable pens, razors and lighters said it was “on track” to meet the targets of its 2020-2025 plan on Monday in a statement released ahead of a presentation for investors scheduled for the start of the day. -noon.
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