The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)
The Paris Stock Exchange was stable (+0.01%) in early trading on Monday, after setting session and closing highs on Friday, as the publication of an inflation indicator in the United States approaches. essential to nourish the records.
The flagship CAC 40 index advanced 1.17 points to 8,220.31 points around 9:10 a.m. Friday, it finished a sixth time in a row up (+0.38%) at 8,219.14 points, the highest close in its history.
Earlier, it had also touched 8,259.19 points, surpassing its previous highs in the March 28 session.
After a month of April which “served as a sort of cooling period” for prices, the indices moved forward thanks to “a slight weakening of the American job market coinciding with a solid earnings season “, summarizes Florian Ielpo, head of macroeconomic research at Lombard Odier IM.
Paris is evolving at its peaks, but so are London, Frankfurt, Amsterdam and the European Eurostoxx 600 index.
The coming week gives pride of place to inflation figures, first in the United States with the CPI index for April, published on Wednesday, but also in the euro zone with the second estimate of these data for the same month.
On Tuesday, data on producer prices are expected in the United States, and the President of the American Central Bank Jerome Powell is also due to speak.
“We will see if the trend towards higher inflation than expected during the first quarter will continue into the second,” write Deutsche Bank analysts.
Data for France are expected on Wednesday, and for the entire euro zone on Friday.
On the bond market, the interest rate on the 10-year French government loan, the benchmark maturity, fell from 3.00% to 2.98%.
In the corporate agenda of the flagship index, the news focuses on general meetings (BNP Paribas, Thalès, Renault, etc.) and the latest financial results (Veolia, Engie).
New factory for Sanofi
The French pharmaceutical group announced on Monday an investment of more than a billion euros in the production of medicines in France, with the construction of a new factory on its site in Vitry-sur-Seine (Val-de-Marne) . The action rose 1.37% to 91.84 euros, the best progression in the CAC 40.
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