(News Bulletin 247) – The Paris Stock Exchange is expected on a cautious note on Wednesday morning pending inflation indicators that could well confirm the downward trend in prices.
Around 8:15 a.m., the ‘futures’ contract on the CAC 40 index – delivery at the end of April – lost seven points to 7530.5 points, suggesting an opening around the balance.
Yesterday, the Parisian market had continued its hunt for records by registering a new all-time high at 7558 points, before ending the day at 7533 points, on a gain of nearly 0.5%.
The stock markets are currently in an ideal economic context, neither too hot nor too cold, which seems likely to convince central banks to slow down their monetary tightening cycle.
In this context, investors will watch carefully, at 11:00 am, the publication of the final data for the consumer price index in the euro zone for the month of March.
Although the peak of inflation in the region was probably reached last fall, the process of disinflation looks set to be slow and the strength in food prices could have a negative impact on consumption.
Will also be watched, in the early morning, the inflation figures in the United Kingdom in March, which should drop below the 10% mark, which has never been pushed down since July 2022.
Despite an upside surprise on prices in February, disinflation has started timidly in Great Britain and should continue in response to the favorable evolution of energy prices.
Global markets nevertheless remain weakened by the fear of a recession which should materialize in the United States before the end of the year, a prospect that is not very attractive for equities.
In this sense, the quarterly corporate results season which began last week promises to be tough for investors who would like to be reassured by the forecasts of listed companies.
Today, it is the accounts of ASML, Heineken, Morgan Stanley then Tesla and IBM in the evening that will be closely analyzed by investors.
Last night, Netflix released strong quarterly results and promised a strong second half as it implemented its measures to end account sharing.
But his comments were greeted with some skepticism by the markets, since the title fell 0.2% in pre-market electronic quotations.
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