(News Bulletin 247) – The Paris Stock Exchange was not very inspired on Monday. The CAC 40 closes not far from equilibrium at the start of a week that promises to be packed with economic news and corporate results in Europe but also in the United States.

The Paris Stock Exchange takes a breather at the dawn of a week that promises to be busy both in terms of economic indicators and in terms of corporate publications. The CAC 40 oscillated around the balance to close this session without relief, down a symbolic 0.04% to 7,573.86 points.

The Paris star index still set a new all-time record in session at 7,581.26 points, shortly before 2:00 p.m. But for all that, the market is showing a certain wait-and-see attitude while there will be many corporate publications this week, with around fifteen CAC 40 groups publishing either their turnover or their financial results this week. The ball will also accelerate on the side of the United States where Microsoft, Amazon or even Alphabet will reveal their quarterly accounts.

“This week, it is the American technology giants that will set the tone of the exchanges”, summarizes Naeem Aslam, of Zaye Capital.

Waiting for; market operators took note of the Ifo index, which measures the confidence of German investors. This index continued to improve to stand at 93.6 in April after reaching 93.2 the previous month. “The survey provided further evidence that the eurozone economy was unaffected by the recent banking turmoil,” said economists from Capital Economics.

For the other days to come, “consumer price data from Germany, France and Spain will give a clear idea of ​​the success of the tightening [de politique monétaire] from the European Central Bank so far – while taking into account that monetary policy works with a lag and that the recent banking turmoil may have a role to play in the future – while the GDP figures for the European Union will tell us how the economy has fared in the first quarter in light of what has been done so far,” added Craig Erlam of Oanda.

LVMH shines, Orpea dives

As for values, LVMH (+0.1%) recorded a new historic peak in session at 904.60 euros, allowing it to exceed 500 billion dollars in capitalization, a first for a European company.

Biggest rise in the SBF 120, Getlink (+4.2%) benefited from an increase in recommendation from Goldman Sachs, which went to “buy” against “neutral” previously.

On the other hand, Orpea fell by 11.2%, while its board of directors refused to hold a general meeting, thus dismissing a request from minority shareholders who wanted to express their dissatisfaction with the heavy restructuring of the company.

Casino lost 1.6% while the Czech businessman, Daniel Kretinsky, submitted a proposal with the project of a capital increase of 1.1 billion euros to bail out the distribution group (including 750 million by his own company). Given the capitalization of the group (700 million euros) this operation would create a heavy dilution for the existing shareholders. But the title stands.

On the other markets, the euro lost 0.6% against the dollar at 1.1024 dollars. Slightly down in mid-session, oil prices regain height. The North Sea Brent contract gained 1% to 82.27 dollars a barrel, while the New York-listed WTI contract rose 0.9% to 78.59 dollars a barrel.