(News Bulletin 247) – The CAC 40 lost a few marks this Monday, but still remains above 8,000 points. The market is playing cautiously before the publication of American inflation on Tuesday.

The Paris Stock Exchange gave up a little ground this Monday, taking a breath after having broken multiple records until even reaching the symbolic level of 8,000 points last week.

A threshold which was threatened several times during the session, the CAC 40 having reached a low of 7,984.06 points around 3:45 p.m. In the end, the flagship Parisian index limits the damage to end the day slightly down 0.10% at 8,019.73 points.

Deprived of macroeconomic data to get their hands on this Monday, investors therefore had their eyes glued to Wall Street, which is having a bit of a scare with its technology compartment.

Nvidia concentrates investors’ fears after returning 5.6% on Friday evening. The graphics card giant then suffered its biggest drop since May 31, according to Bloomberg.

“In 2000 years, I’m not sure $250 billion has ever been wiped out of a stock in 3 hours. That’s what happened to Nvidia on Friday: the stock went from being up about +5% to a drop of -6.5% intraday before closing at -5.55%,” said Jim Reid of Deutsche Bank. The stock limits its decline to 0.3% this Monday at the close of European markets.

This week, the market is especially awaiting the release of inflation figures in the United States for the month of February, Tuesday afternoon. These statistics will once again give some indications on the future intentions of the American Federal Reserve in terms of monetary policy. On Friday, investors were reassured by the latest official American employment figures. The salary component was appreciated since the increase in salaries last month was more moderate than expected.

Featured SMCP

On the values ​​side, SMCP benefited from support from its staff. The stock rebounded by 8.2% after company executives purchased securities on the market, which sends a positive signal about the future of the stock which has suffered greatly from inflationary pressures.

Sanofi nibbled 0.7%, the action being slightly supported by positive results of a phase II clinical study evaluating one of its future blockbusters whose sales potential is estimated at more than 5 billion euros at cruising speed by the pharmaceutical group.

Believe rose 1.3%, while Stifel now expects a stock market battle after Warner Music Group’s expressions of interest in the French music publishing group.

On other markets, the euro lost 0.1% to 1.0925 dollars. The oil regains some color. The May North Sea Brent contract rose 0.4% to $82.39 per barrel. That of April on WTI listed in New York rose 0.1% to 78.12 dollars per barrel. Note the new bitcoin record this Monday, bitcoin/bitcoin-continues-its-crazy-race-new-record-above-72,000-dollars_AD-202403110533.html”>since the queen of cryptocurrencies traded above $72,100 according to Coinmarketcap data.