(News Bulletin 247) – The Parisian index rose slightly mid-session this Monday, while the news was not very dense.

The market is going into wait-and-see mode. But keep climbing. On the Paris Stock Exchange, the CAC 40 rose 0.16% this Monday at mid-session to 7,538.55 points, getting closer to its session record (7,581.26 points).

The market agenda appears to be empty of major indicators or appointments. Investors are therefore awaiting the meetings of the major central banks, with the US Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England making decisions on their rates this week.

Market operators will try to detect the slightest clue allowing them to better anticipate the evolution of key rates next year.

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The Fed will open the ball

“This week, it is up to the Fed to open the ball at the last meetings of the major central banks for 2023. It will be difficult to avoid the question about the easing of monetary policy that the market is expecting. In our opinion , in addition to not moving, which is widely expected, the message should remain cautious by emphasizing the need to maintain a restrictive policy and not to mention rate cuts,” explains Sebastian Paris Horvitz, of LBPAM.

“Nevertheless, the most likely is that in the projections inflation will be revised downwards as well as the outlook on rates. Which could maintain the dominant economic scenario that the market is playing today,” he continues.

On the values ​​side, movements remain contained. Saint-Gobain recorded the largest increase in the CAC 40 with an increase of 1.5%, while Alstom suffered the most pronounced decline (-2.5%). But volumes are currently low on the CAC 40…

On other markets, the euro gained 0.07% against the dollar to 1.0770 dollars. Note that after soaring on Friday, the yen fell by 0.8% against the dollar, with expectations of an end to negative rates from the Bank of Japan fading. Oil prices are falling. The February contract on Brent from the North Sea lost 0.95% to 75.12 dollars per barrel while that of January on WTI listed in New York lost 1.1% to 70.44 dollars per barrel.