The Paris Stock Exchange is expected to rise slightly on Monday, a session which will be marked by inflation data in the euro zone before turning to the meetings of the Japanese and American central banks.
The futures contract for the flagship CAC 40 index rose by 0.30% around forty minutes before the opening of the session. On Friday, it erased its gains at the very end of the session to finish up barely 0.04% to 8,164.35 points, still its new historic closing high.
Over the week, it gained 1.70% and twice exceeded 8,200 points in session.
Wall Street, on the other hand, ended in the red for the second consecutive session on Friday, the New York Stock Exchange having been made more anxious by the multiplication of indicators showing the persistence of inflation in the United States.
These data also caused the interest rates of States to recover, in the United States and in Europe.
The main indicator of Monday’s session will be the final estimate of inflation in the euro zone, after the final data published for most European countries last week. It is expected to be 2.6%, but in France the rate of increase in prices was revised upwards on Friday.
Investors will then turn to the multiple central bank meetings of the week, notably that of the United States (Fed) on Tuesday and Wednesday. They are not expecting a rate cut, but will try to find out if the latest data will not favor an even more cautious approach from central bankers.
The Fed has no reason to rush. The economy is holding up. Growth is expected to reach 2% in the first quarter. Consumption remains the main engine of the American economy. The job market is also doing well, says Christopher Dembik, investment advisor at Pictet AM.
The Bank of Japan, which ends its meeting on Tuesday, could for its part begin to put an end to its ultra-accommodating policy in the face of inflation and rising wages in the country.
Among the values to follow
TotalEnergies: the energy group is developing an activity of installing solar panels for the benefit of companies wishing to decarbonize or access an independent electricity supply. It plans to achieve 8 or 9 GW of electricity purchase contracts sold in this form by 2030.