(News Bulletin 247) – The CAC 40 is moving slightly lower this Tuesday as the market continues to monitor the situation in the Middle East and awaits the publication of retail sales and industrial production in the United States this afternoon.

The Paris Stock Exchange is struggling to emerge from its torpor. The CAC 40 fell by 0.17% to 7010.24 points this Tuesday at mid-session as the market kept its eyes glued to the Middle East, monitoring the evolution of the war between Israel and Hamas.

However, the American markets ended in the green on Monday, with the S&P 500 gaining 1.06%. The New York Stock Exchange ended sharply higher on Monday as diplomatic efforts to contain the conflict between Israel and Hamas eased fears that the war between Israel and Hamas may have escalated into a broader conflict over the course of over the weekend, while the market was closed”, underline the IG France analysts.

“It appears we are in a very dangerous and delicate holding pattern at the moment, but in the absence of any major developments since the Israeli evacuation notice to Gaza residents on Friday, the markets have withdrawn their covers weekend over the last 24 hours or so,” say Deutsche Bank strategists.

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Edenred and Sodexo are making progress

Some indicators are on the menu this Tuesday. The Zew index, which measures the confidence of German investors, recovered more than expected by economists in October, arriving at -1.1 (balance between negative and positive opinions) against -11.4 in September.

The market is now awaiting, this afternoon, the publication of retail sales in the United States for the month of September at 2:30 p.m. and industrial production for the same month at 3:15 p.m. “US retail sales and industrial production today will be an opportunity for macroeconomics to once again compete with geopolitics for bonds,” notes Deutsche Bank.

On the value side, Edenred gained 4% and Sodexo took 2% while the threat of a cap on restaurant voucher commissions receded following a report from the Competition Authority. At least in the short term.

Airbus advances 2.4% while Jefferies went from “hold” to “buy”, while raising its price target to 150 euros from 130 euros.

On other markets, the euro is stable against the dollar at 1.0559 dollars, while several banks see the European currency falling to parity against the greenback. Oil prices are changing little. The December North Sea Brent contract gained 0.45% to $90.08 per barrel, while the November WTI contract advanced 0.4% to $86.96 per barrel.