(News Bulletin 247) – The Parisian index is gaining ground on Monday as the market enters a busy week.

It’s a pivotal week that begins for the Paris Stock Exchange. But for now, the market is confident. At mid-session, the CAC 40 advanced 0.9% to 7267.24 points.

Both the Federal Reserve (Fed) and the European Central Bank (ECB) will hold their monetary policy meetings this week, on June 13 and 14 for the American institution and on June 15 for its European counterpart.

On the Fed, “even though the surprise hikes of the BoC in Canada and the RBA in Australia have cast doubt on the markets, the prospect of a pause was reinforced last week, after the increase in weekly jobless claims , observed last Thursday”, underlines Vincent Boy, market analyst at IG France.

“Core inflation stickiness is proving to be a rather intractable problem for central banks, and last week’s hikes have gotten people thinking that a Fed ‘pause’ this week might not be possible. the silver bullet they believe,” said Michael Hewson of CMC Markets.

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Inflation figures on Tuesday

Before these meetings, market operators will dissect the publication of US inflation for the month of May on Tuesday.

As for values, several notable movements can be observed. The shopping center operator Unibail-Rodamco-Westfield won 3%, driven by Goldman Sachs, which bought the group. In summary, the American bank believes that consensus expectations in terms of earnings per share are too low for the property company, and considers that the economic environment surrounding the group could surprise positively.

Ditto for Nexans (+8.9%), which is also carried by an increase in recommendation, this time from Bank of America, which has gone to the purchase on the title, judging that the action constitutes the best way to play. energy transition in cables.

On the other hand, the Luxembourg satellite operator SES plunged on the stock market (-14%) after the announcement of the departure of its managing director, Steve Collar.

For its part, the Casino action continues to chain the stock market surges (+11.7%), admittedly at a depressed level of valuation, while the future of the Saint-Etienne distributor remains shrouded in thick fog.

On other markets, the euro gained 0.3% against the dollar at 1.0782 dollars. Oil prices are weighed down by fears about demand. North Sea Brent for August delivery fell 2.7% to $68.36 a barrel, while July Brent on New York-listed WTI fell 2.4% to $68.48 a barrel.