(News Bulletin 247) – The Paris Stock Exchange closes a few points from its daily highs and above all not far from its absolute records at the start of a week placed under the sign of central bankers. The CAC 40 ended its run up 0.3% to 7,551.53 points.

The entertainment was not clearly there, in the absence of major news this Monday. But that did not prevent the Paris Stock Exchange from maintaining its bullish bias.

The CAC 40 therefore rose 0.33% this Monday evening to 7,551.53 points and is only a hair away from its absolute record set on April 24 at 7,581.26 points. For now, the flagship index is increasing by 16.58% over the entire year 2023 which is about to end.

On the Frankfurt Stock Exchange, on the other hand, the DAX reached a record level at 16,794.43 points this Monday evening.

Waiting for the Fed

In the absence of major indicators or meetings to get their teeth into, investors are therefore waiting for the meetings of the major central banks to position themselves. The American Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England will announce their decisions on their rates, which will give food for thought to the markets to further anticipate the evolution of key rates for the year. next.

“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.

Flat calm on the values ​​side

On the corporate news front, Publicis posted the biggest increase in the CAC 40 with an increase of 2.6%, while Alstom finished bottom of the flagship Parisian index (-2.95%). .

Note the progress of the Lyon biotech MaaT Pharma (+6.5%), which announced positive results in acute graft-versus-host disease.

On other markets, the euro lost 0.2% against the dollar to 1.0747 dollars. Oil prices are falling slightly. The February contract on North Sea Brent lost 0.25% to $75.65 per barrel, while that of January on WTI listed in New York lost 0.3% to $71.03 per barrel.