(News Bulletin 247) – The Paris Stock Exchange is up slightly on this holiday Monday of May 8. The CAC 40 rose 0.2% at mid-session, in anecdotal volumes.

The Paris Stock Exchange is sorely lacking in animation. Operators are mostly absent on this holiday Monday for the commemorations of May 8, 1945. Note that the London Stock Exchange is also closed due to the celebrations of the coronation of King Charles III. Trading will resume on Tuesday.

The CAC 40 therefore begins the week up slightly by 0.2% to 7,446.86 points pending the inflation figures in the United States on Wednesday. The volumes traded are no exception to the rule and are typical of a public holiday since only 500 million euros have been traded since the opening. On Friday, the Paris star index had already gained 1.26% but ended the week in negative territory (-0.8%).

The New York Stock Exchange is also expected to open in the green this afternoon after already rising on Friday following very strong results from Apple and a strong monthly US federal jobs report for April. On the one hand, the content of the figures published at the end of the week dismisses the hypothesis of a recession to come for the world’s largest economy. On the other hand, this stronger than expected employment report will not necessarily encourage the Fed to pivot towards a rate cut.

The monthly consumer price figures in the United States, due on Wednesday, could also give some additional elements on the future orientation of the Federal Reserve’s monetary policy. But before this big meeting, operators learned a little earlier in the morning of the 3.4% contraction in industrial production in Germany over one month in March, due to a loss of speed in the sector. automobile.

Apart from this statistic, the agenda will be very sparse on Monday, as will the business side. To find animation, it will be necessary to look at Vallourec which evolves at the head of the SBF 120 after a good news concerning the exploitation of its iron mine in Brazil.

Vallourec tube of the day on the SBF 120

Among the rare increases of the day on Monday, we can therefore note that of Vallourec which increased by 3.9%, the French group announced on Friday evening that it had obtained the green light from the Brazilian authorities for a resumption of full operation of its iron mine. in Brazil.

Nanobiotix rebounds another 60% after already surging 158% on Friday. The future of French biotech looks a little brighter as a potential commercialization of its flagship product looms.

On other markets, the euro lost 0.8% to 1.1042 dollars. Oil contracts extend their rebound initiated at the end of last week. The contract on Brent from the North Sea for delivery in July is up 2% at 76.84 dollars a barrel while that of June on WTI listed in New York, takes 2.3% at 72.96 dollars on barrel.