by Claude Chendjou

PARIS (Reuters) – Wall Street is expected to be down slightly on Monday and European stocks fell mid-session, with markets generally on the defensive awaiting new information on the negotiations on the American debt ceiling. In Paris , the CAC 40 dropped 0.36% to 7,464.75 points around 11:20 GMT. In Frankfurt, the Dax, which hit a historic high of 16,331.94 points on Friday, lost 0.34%. In London, the FTSE, supported by Standard Chartered (+2.65%) and the telecom operator BT (+1.55%), lost only 0.03%.

The pan-European FTSEurofirst 300 index fell by 0.12%, the EuroStoxx 50 in the euro zone by 0.34%. The Stoxx 600 fell by 0.09%, limiting its losses thanks to defensive compartments such as telecoms (+0.27%) and “utilities” (+0.14%). New York index futures signal a Wall Street open down 0.05% for the Dow Jones, 0.09% for the Standard & Poor’s 500 and 0.19% for the Nasdaq after closing Friday in the red linked to the announcement of a “pause” in the discussions intended to avoid in the United States a payment default at the beginning of June.

After a phone call on Sunday, deemed productive, the leader of the Republicans, Kevin McCarthy, however, announced a resumption of negotiations on Monday with Democratic President Joe Biden.

“There is a persistent risk that the discussions will drag out until the last minute,” said Saxo Bank analysts, however.

Investors are also awaiting the interventions planned for the week by several officials of the European Central Bank (ECB), the publication on Wednesday of the minutes of the last meeting of the American Federal Reserve and new data on Friday on the PCE price index in the United States. WALL STREET VALUES TO FOLLOW

Micron Technology fell 6% in pre-market trading, as China banned the group from marketing its chips to key infrastructure operators. Qualcomm, Intel and Broadcom retreated from 0.6% to 1%.

Meta Platforms lost 1.1% in pre-market after being fined $ 1.3 billion for transferring personal data of users in the European Union to the United States.


In Europe, the values ​​of the semi-conductor compartment evolve in dispersed order, Infineon Technologies yielding 0.49%, while STMicroelectronics and ASM International respectively take 0.53% and 0.69%.

According to Equita analysts, even if the decision taken by China is negative for the sector, the country representing between 10% and 40% of sales for most companies, it is difficult to make a generalization, certain products not affected by this ban.

Novo Nordisk is ahead 1.63% after a study showed its new obesity treatment reduces the risk of heart disease and boosts weight loss.

Sartorius dropped 3.8% as Morgan Stanley downgraded the stock from “overweight” to “online weight” amid concerns over the group’s inventory and funding for the Polyplus acquisition.

RATES Yields on Greek government bonds fell on Monday following the victory of the Conservatives in the first round of legislative elections, which investors believe should ensure the continuation of a policy of support for the economy and the reduction of the public debt. The ten-year Greek rate fell at mid-session by 21 basis points, to 3.846%.

The yield of the German Bund, benchmark for the whole of the euro zone, is stable at 2.423%, while the spread (gap) with its Greek equivalent has been reduced to 135 basis points, its lowest level since November 2021. .

In the United States, the yield of ten-year Treasuries lost around three basis points, to 3.6688%, Jerome Powell being less “hawkish” than feared on Friday.

EXCHANGES The dollar fell slightly, by 0.07%, against a basket of reference currencies pending the resumption of negotiations on the American debt ceiling. Fed Chairman Jerome Powell also said on Friday that he favored a “meeting-by-meeting” approach to future decisions by the US central bank.

The euro rebounded to 1.0816 dollars (+0.13%) after hitting a seven-week low at 1.0760 on Friday.

The pound sterling is displayed at 1.2456 dollars (+0.1%).


Oil prices are in balance as US debt concerns are offset by hopes of a rebound in demand after the International Energy Agency (IEA) warned of an impending supply shortage. gross in the second half.

Brent rose 0.21% to 75.74 dollars a barrel and US light crude (West Texas Intermediate, WTI) 0.1% to 71.62 dollars.



(Some data may show a slight shift)


Indices Last Var. Var. %


Dow Jones 33482.0 -14.00 -0.04%


S&P 500 4204.25 -0.50 -0.01%

Nasdaq-100 13846.0 -12.00 -0.09%


“The Day Ahead” – The point on the next

session on wall street [DAY/US]

The session

former :

Closing Indices Var. Var. %YTD


Dow Jones 33426.6 -109.28 -0.33% +0.84%


S&P 500 4191.98 -6.07 -0.14% +9.18%

Nasdaq 12657.9 -30.94 -0.24% +20.94%


Nasdaq 100 13803.4 +12.86 +0.09% +26.18%




Indices Last Var. Var. %YTD


Eurofirst 300 1854.91 -2.28 -0.12% +10.52%

Eurostoxx 50 4382.55 -12.75 -0.29% +15.52%

CAC 40 7,467.61 -24.35 -0.33% +15.35%

Dax 30 16,225.5 -49.88 -0.31% +16.53%


FTSE 7755.34 -1.53 ​​-0.02% +4.07%

SMI 11539.1 -32.03 -0.28% +7.55%


The values ​​to follow in Paris and in

Europe: [WATCH/LFR]


Standby Price Var.% YTD

Euro/Dlr 1.0816 1.0802 +0.13% +1.07%

DLR/Yen 138.18 137.95 +0.17% +5.39%

Euro/Yen 149.47 149.03 +0.30% +6.55%

Dlr/CHF 0.8954 0.8996 -0.47% -3.14%

Euro/CHF 0.9687 0.9720 -0.34% -2.10%

Stg/Dlr 1.2457 1.2444 +0.10% +2.98%

Index $ 103.114 103.198 -0.08% +7.22%

0 0


Last Var. Spread/Bund


Future Bunds 134.260 +0.0200


10-year bunds 2.4330 +0.0090

Bund 2 years 2.8020 +0.0230

10-year OATs 3.0100 +0.0040 +57.70

10-year Treasury 3.6765 -0.0150

Treasury 2 years 4.2599 -0.0290


(in dollars) Preceding Price Var Var. %YTD


US light crude 71.62 71.55 +0.07 +0.10% +17.01%

Brent 75.65 75.58 +0.07 +0.09% +14.57%

(Written by Claude Chendjou, edited by Kate Entringer)

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