(News Bulletin 247) – The Paris Stock Exchange is expected to be down slightly on Monday at the opening, investors taking the time to breathe before the flurry of corporate results expected over the coming days.

Around 8:15 a.m., the ‘futures’ contract on the CAC 40 index – end of month delivery – fell 47.5 points to 7332 points, suggesting a cautious start to the week.

Relieved by statistics showing that the process of disinflation remains well underway in the United States, the Parisian market was granted an increase of almost 4% over the whole of the past week.

The weakness of the US consumer price index (CPI), published last Wednesday, gave traders hope that inflation could return to normalized levels without the economy suffering too much.

“These data suggest there is a path to the Federal Reserve’s 2% inflation target, with continued favorable economic growth trajectory,” Halloran said. strategist at Janney.

Faced with the good resistance of activity, investors are starting to think that the upcoming earnings season could hold some good surprises and offer additional support to the equity markets.

The publication of second quarter results begins in earnest this week on Wall Street, where 60 companies in the S&P 500 index, including five components of the Dow Jones, will publish their accounts by Friday.

Among the heavyweights due to announce their quarterly performance this week are – among others – Morgan Stanley, Goldman Sachs, Tesla, Netflix and Johnson & Johnson.

The ramping up of the earnings season will also be a major focus in Europe, where technology groups such as ASML and Nokia will also present their earnings and forecasts.

On the other hand, the week that opens today promises to be a little less loaded with macroeconomic indicators.

On the data front, the week will be mainly dominated by tomorrow’s release of US retail sales, which will help determine whether the recent strength in US consumption has continued into June.

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