The Paris Stock Exchange is expected to rise slightly on Monday, somewhat relieved by the drop in oil prices, even if it has been evolving without a marked trend for several sessions, pending a development on the negotiating front in the war in Ukraine.
The futures contract for the star CAC 40 index advanced by 0.21% around forty minutes before the opening of the session. Friday, he had finished the balance (-0.03%) and lost around 1% over the week.
The fluctuations of the Parisian dimension remain very dependent on the war in Ukraine but there was relatively little new information during the weekend, estimates Jeffrey Halley, analyst of Oanda.
The Russian and Ukrainian delegations will meet in Istanbul, Turkey, for a new round of face-to-face negotiations, the Turkish Presidency said on Sunday evening without specifying the exact date of the meeting.
At the same time, Ukrainian President Volodymyr Zelensky assured that the question of Ukraine’s neutrality, one of the central points of negotiations with Russia to end the conflict, was being studied in depth.
The conflict puts pressure on the price of raw materials in particular, in a context of high inflation in Western economies.
The price of oil is therefore particularly scrutinized and the drop of more than 3% observed on Monday on Brent and WTI around 8:00 a.m., with Brent again well below 120 dollars, could bring a slight respite to investors.
Invest in real estate from €1,000. Our rankings of the best SCPIs
The reason for this drop is found in particular in the containment by sector of Shanghai in an attempt to contain the rise in cases of Covid-19 in the Chinese metropolis of 25 million inhabitants and its impact on growth and consumption, notes Mr. Halley.
The calendar for corporate or macroeconomic indicators remains light this week and will be dominated on Friday by the official US monthly employment report.
Investors will try to gauge the strength of US growth on which the Federal Reserve is counting to continue to tighten its monetary policy.