(News Bulletin 247) – The Paris Stock Exchange is regaining some ground, at the start of a busy week of macroeconomic meetings and company results. The CAC 40 closed up 0.44% Monday evening.

The Paris Stock Exchange opts for a rebound this Monday after ending the previous week in negative territory. The CAC 40 rose 0.44% to 6,825.07 points on Monday evening, at the dawn of a busy week in company results and macroeconomic information.

This Monday, the markets took note of the decline in Germany’s GDP of 0.1%. This decline, however, turns out to be less than the drop of 0.3% which was anticipated by economists, according to Capital Economics. Still in Germany, the rise in consumer prices was more moderate than feared in October, since inflation slowed again significantly in Germany in October, to 3.8% over one year, against a consensus of 4% and much less than the 4.5% in September at an annual rate.

Investors will follow several central bank meetings this week, firstly that of the American Federal Reserve (Fed) but also those of the Bank of England and Japan. They will also dissect the publication of the ISM manufacturing index in the United States and, above all, the American employment report on Friday.

Fnac Darty benefits from speculation

On the value side, Dassault Systèmes appreciated by 2.3% benefiting from an advisory increase to “overweight” from JPMorgan. Conversely, ArcelorMittal lost 3.9% following an accident in Kazakhstan which cost the lives of dozens of miners.

But it is STMicroelectronics which shows the biggest drop in the CAC 40 (-6.1%), penalized by an unfavorable cross-reading of the unappealing outlook delivered by On Semiconductors, an American comparable, according to the Dpa agency. Which also penalizes XFab which for its part returned 5.3% on the SBF 120.

Still outside the CAC 40, Fnac Darty gained 7.3%, taking advantage, a session late, of information from BFM Business reporting Daniel Kretinsky’s intention to buy Ceconomy’s shares in the group’s capital before considering a delisting.

Eramet gained 5.9% benefiting from an upgrade to “outperform” from Oddo BHF. The research office considers the mining group’s shares cheap and sees significant upside potential.

On currencies, the euro gained 0.4% against the dollar, to 1.0609 dollars. On the oil side, prices are losing ground. The December contract on Brent from the North Sea lost 3% to 88.56 dollars per barrel while that of the same maturity on WTI listed in New York lost 3.4% to 82.66 dollars per barrel.