(News Bulletin 247) – The Paris Stock Exchange begins the week timidly at the start of a week punctuated by major meetings on both sides of the Atlantic. The CAC 40 gained 0.3% Monday evening.

The Paris Stock Exchange is walking on eggshells to start the week unlike the Nikkei 225, the Tokyo benchmark index, which exceeded 40,000 points for the first time in its history this Monday.

The CAC 40 ended the day up 0.28% to 7,956.41 points Monday evening. Friday, it had gained 0.09%.

With no major news to get their teeth into, Parisian investors have been champing at the bit while waiting for major meetings in the coming days. Traders will read the US employment report on Friday and will pay attention to the meeting of the European Central Bank (ECB) on Thursday. The Chairman of the American Federal Reserve (Fed), Jerome Powell, will also be heard by both houses of Congress this week.

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.

OVHcloud supported by Stifel

On the publications side, the results season will end this week on the CAC 40 with Thales, Teleperformance and Vivendi.

Up 7% at mid-session, OVHcloud limited its gains to 1.5% this Monday evening while Stifel revised its opinion on the issue, moving from “hold” to “buy”, encouraged by the trajectory of improvement in the group’s margins.

The consumer computer equipment specialist LDLC lost 2.4% 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 1.0858 dollars. Oil is falling as members of OPEC+, that is to say the Organization of Petroleum Exporting Countries to which allied countries such as Russia are joined, have decided to extend their production or export cuts for a period of three months. The May contract on North Sea Brent falls 0.4% to $83.20 per barrel, while the April contract on WTI listed in New York returns 0.8% to $79.31 per barrel. .