The Paris Stock Exchange is expected to rise slightly at the opening on Monday, still buoyed by the hope of a more flexible monetary policy from central banks, which allowed it to achieve its best week in seven months.
The futures contract for the flagship CAC 40 index advanced by 0.06% around forty minutes before the opening. On Friday, it fell by 0.19% and finished at 7,047.50 points, however registering an increase of 3.71% over the week – its best weekly performance since the end of March.
Wall Street also concluded its best week of the year on Friday: the Dow Jones index advanced by 0.66%, 34,061.32 points, and the broader S&P 500 index by 0.94%, 4,358.34 points.
Investors are more convinced that the American central bank is done with key interest rate increases, and are even considering rate cuts earlier than expected.
We could start seeing rate cuts as early as the first quarter of next year from the European Central Bank, says CMC Markets analyst Michael Hewson.
He is considering this possibility because of the deep economic malaise revealed by the latest activity data in the euro zone.
The final publication of the October PMI activity indicator for several countries in Europe and the entire euro zone is expected on Monday. These indicators had shown a contraction in activity in their initial version.
Among the values to follow
Vivendi: the French media giant announced on Sunday its intention to use all legal means at its disposal to contest the decision of the board of directors of Telecom Italia to sell its fixed network to the American investment fund KKR.
Teleperformance: the global call center giant publishes its results and announced the finalization of its purchase offer for the company specializing in customer experience and business process outsourcing services Majorel.
Orpea: the retirement home group has announced that it is targeting an operating profit (Ebitdar) at the bottom of the range (705 to 750 million euros) announced in June and shifted by one year, from 2025 to 2026, its average financial objective term. Year-on-year, its third quarter turnover increased by more than 10%.