(News Bulletin 247) – The Parisian index gets a little respite this Monday, after posting its worst week since October. Investors will be paying attention this week to data on inflation in the United States, to get some indication of the Fed’s intentions.

The Paris Stock Exchange regained some color this Monday, despite the sharp decline of its heavyweight Totalenergies, weighed down by the drop in oil prices. The CAC 40 thus ended up 0.40% this Monday evening at 7,450.24 points, after losing 1.6% last week.

However, investor confidence remains fragile. “The markets had a difficult start to the year, with the strong recovery at the end of 2023 having run out of steam,” notes Jim Reid of Deutsche Bank. Operators who were considering potential rate cuts from March will have to review their expectations. The latest information delivered in the Fed minutes or through the latest macroeconomic statistics suggests that this pivot will occur, but later this year.

This week, the market will especially look forward to two important inflation indicators in the United States: the consumer price index on Thursday and the producer price index on Friday. So many valuable clues to enlighten the operators.

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Airbus on the rise

The market is also digesting some European statistics, namely retail sales in the euro zone which fell by 0.3% over one month in November as well as the European Commission’s economic sentiment indicator which stood at 96, 4 in December compared to 94 in November.

“The data released this morning is consistent with our view that euro area GDP is more likely to have contracted than to have expanded during the fourth quarter of last year,” judges Capital Economics.

These are the values ​​that animated this first session of the week. At the top of the CAC 40, Airbus (+2.5%) which took advantage of the new setbacks of its American competitor Boeing with its 737 Max. Boeing is currently losing 6.7% in New York.

For its part, Totalenergies lost more than 3%, weighed down by the decline in oil prices, just like Technip Energies (-4.7%) or Vallourec (-3.2%). The March North Sea Brent contract plunged 3.7% to $75.85 per barrel while the February contract for WTI listed in New York fell 4.4% to $70.55 per barrel.

This downward movement follows Saudi Arabia’s decision to reduce its official market prices.

On currencies, the euro increased by 0.3% against the dollar to 1.0979 dollars.