(News Bulletin 247) – The main European stock markets are starting the week with some confidence (+0.7% in London and Paris, +0.6% in Frankfurt), while Wall Street must remain closed on Monday due to of Labor Day.
‘The few signs of deterioration in employment data, released on Friday in the United States, rule out the risks of further rate hikes’, recalls Kiplink, who also highlights solid gains posted by Asian markets this morning.
“Real estate developer Country Garden Holdings has obtained approval from bondholders to extend certain debt maturities, thereby avoiding a potential default,” he said.
The only data published this morning in Europe, Germany’s trade surplus fell to 15.9 billion euros in July, compared to 18.7 billion in June, due to both an increase imports and a decline in exports.
Other macroeconomic data due this week include the composite PMI indices, industrial production figures in Germany and France, as well as the ISM services index in the United States.
In the news of values, Mercialys climbs 3% in Paris, thanks to an increase in opinion at Oddo BHF to ‘outperformance’, while Thales gains 2% with the support of Jefferies which changes to ‘purchase’ on the title.
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