(News Bulletin 247) – The CAC 40 is almost stable at mid-session this Monday, at the dawn of a week marked by the meeting of the European Central Bank (ECB) and the report on American employment.
The Paris Stock Exchange is starting this new week a bit like it did the previous one: timidly. The CAC 40 gained 0.09% to 7,941.03 points at mid-session this Monday. Note that if the Paris Stock Exchange is a little amorphous, the Nikkei 225, the Tokyo benchmark index, exceeded 40,000 points for the first time in its history this Monday.
At the macroeconomic level, China opened its parliamentary sessions on Monday, which constitutes the country’s annual political mass. The executive will unveil its annual growth target on Tuesday, which should in all likelihood reach 5%.
Otherwise, the week’s agenda will be dominated by the US employment report on Friday and the European Central Bank (ECB) meeting on Thursday. The Chairman of the American Federal Reserve (Fed), Jerome Powell, will also be heard by both houses of Congress this week.
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OVHcloud up sharply
This is therefore a “test week” during which we will see if the ECB and the Fed are “comfortable” with the markets’ reading of the trajectory of inflation and future rate cuts. “, notes Alexandre Baradez, head of market analysis at IG France.
On the publications side, the results season ends this week on the CAC 40 with Thales, Teleperformance and Vivendi.
For the moment, it is OVHcloud which stands out, gaining 7% this Monday while Stifel revised its opinion on the file, moving from “hold” to “buy”, encouraged by the trajectory of improvement in the group’s margins. .
The consumer computer equipment specialist LDLC for its part dropped 3.6% after announcing Friday evening that it had been the victim of a computer attack.
On other markets, the euro gained 0.16% against the dollar to 1.0857 dollars. Oil is falling a little while members of OPEC+, that is to say the Organization of the Petroleum Exporting Countries to which allied countries such as Russia are joined, have decided to extend their production cuts or exports for a period of three months. The May North Sea Brent contract fell 0.45% to $83.17 per barrel, while the April contract for WTI listed in New York lost 0.6% to $79.46 per barrel. .
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