(News Bulletin 247) – Deprived of many operators, the Paris Stock Exchange closed this session without relief slightly up. The CAC 40 grabbed 0.1% on Monday evening.

A day for not much…. The Paris Stock Exchange ended up slightly in a very calm market in the absence of many operators for the commemorations of May 8, 1945. Note that the London Stock Exchange was also closed in reason for the coronation celebrations of King Charles III. Trading will resume on Tuesday.

The CAC 40 therefore gleans 0.11% to 7,440.91 points after a sluggish day. The Paris star index experienced a slight foray into the red after a feverish start to the session on Wall Street, before recovering at the end of the day.

The initiatives were moderate if not non-existent before the inflation figures in the United States but also in China and Germany. Scheduled on Wednesday’s agenda, the monthly consumer price figures in the United States could give some additional elements on the future orientation of the Federal Reserve’s monetary policy.

Earlier in the day on Monday, operators learned of the 3.4% contraction in industrial production in Germany over one month in March. Investors also took note of a surprise deterioration in the sentiment of investors in the euro zone for the month of May. The Sentix Institute’s confidence index contracted to -13.1 points, against -8.7 in April and -8.0 expected by the market consensus.

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 4.6%, 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 mine of iron in Brazil.

At the top of the CAC 40, Alstom appreciated by 3.3% after the announcement on Friday evening of the appointment of Bernard Delpit as executive vice-president and chief financial officer of the group from June 30, and of Helen Bradley as Director of Human Resources.

Nanobiotix gained another 22% 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 0.9% to 1.1021 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 2.3% at 77 dollars a barrel while that of June on WTI listed in New York, takes 2.6% at 73.20 dollars on barrel.