(News Bulletin 247) – The Paris Stock Exchange ended slightly up 0.09% at 7,640.81 points this Monday evening, before a week full of news. This is a new closing record.

The Paris Stock Exchange was on reserve this Monday, at the dawn of a week which will be punctuated by the meeting of the American central bank and a burst of company results.

The CAC 40 begins this week cautiously, and gains 0.09% to 7,640.81 points at the close this Monday evening, after ending the week with a bang (+2.28%). This small increase once again allows the Parisian index to bring down its short-lived record at Friday’s close (7,634.14 points).

The main market meeting this week for central banks obviously remains the meeting of the American Federal Reserve (Fed), with its decision expected Wednesday evening.

“The Federal Open Market Committee (FOMC) is expected to keep interest rates unchanged at the January meeting. We believe Fed Chairman Jerome Powell will leave the door open for a potential interest rate cut in March, depending on the data,” explains François Rimeu, senior strategist at La Française AM.

“We believe the Fed will hint at the timing of cuts at this meeting. Jerome Powell will likely maintain his dovish rhetoric that surprised markets at the December 2023 press conference as the Fed becomes increasingly confident in the brings inflation sustainably closer to the PCE inflation target of 2%,” he continues.

This week will also be marked by the publication of quarterly results from Microsoft and Alphabet (Tuesday) as well as Apple, Amazon and Meta (Thursday). As for the CAC 40, BNP Paribas, Sanofi and Dassault Systèmes will deliver their results on Thursday.

Eutelsat in arrears

Coming back to Monday’s market reactions, one stock particularly suffered and that was Eutelsat which plunged 14.5% following the lowering of its forecasts for the current financial year due to delays at OneWeb.

SMCP limited its decline to 1.9% after also issuing a profit warning.

Carmat lost 3.8% while the designer of the artificial heart Aeson announced on Monday that it had finalized its appeal to the market, raising, in net, 14.9 million euros, giving it only 3 months of respite.

Renault closes with a slight drop of 0.15%, the diamond brand announced this Monday after the close of the markets, the abandonment of the Ampere IPO project.

On other markets, the euro fell 0.35% against the dollar to 1.0805 dollars. Oil is down. The March contract on North Sea Brent lost 1.3% to $81.99 per barrel, while that of the same expiry on WTI listed in New York lost 1.5% to $76.85 per barrel.