(News Bulletin 247) – The CAC 40 fell by almost 1% this Monday evening, at the dawn of a week that promises to be another busy one. Investors will be watching the publications of the big names on the Paris stock market and the American big techs.

The Paris Stock Exchange has finally given in to caution, feverishly approaching the many major events that will come their way this week.

Slightly down at mid-session, the CAC 40 accelerated its decline to lose 0.98% and end its run at 7,443.84 points, not far from its lowest points of the day. However, this movement took place in moderate volumes, with 2.55 billion euros exchanged this Monday.

“Investors are bracing for this week’s busy agenda. (…) With this in mind, we expect market volatility to persist throughout the week as these market factors are expected to impact a wide range of assets,” said Pierre Veyret, technical analyst at Activtrades.

No fewer than three major central banks will make a monetary policy decision, namely the Bank of England, the Bank of Japan, and, above all, the US Federal Reserve (Fed). On Friday, operators will take note of the official US employment report for the month of July.

In terms of results, the big techs will be expected to deliver results, with results from Microsoft, Meta, Amazon and Apple, four of the seven largest capitalizations in the world. Last week, Alphabet and especially Tesla had missed their meetings with the market.

Rough day for the ex-Orpea

In France, a dozen CAC 40 stocks will deliver their results, including heavyweights Schneider Electric, L’Oréal and Airbus.

Coming back to this Monday, some publications are attracting the market’s attention, including that of Emeis, the former Orpea, which fell by 18.9% after lowering its outlook for the current financial year.

The listed furniture groups are doing much better. Maisons du Monde gained 4.15% after its half-year results, while Miliboo gained 12.9%, the group is returning to profit at the end of its staggered 2023-2024 financial year ending at the end of April.

Excluding corporate publications, Stellantis fell 3.3%, weighed down by a downgrade from Deutsche Bank to “hold”, the institution judging that the manufacturer’s difficulties are only just beginning.

On other markets, the euro lost 0.3% against the dollar to $1.0822. Oil fell sharply, still penalized by fears over Chinese demand. The September contract on North Sea Brent fell 1.7% to $78.88 per barrel, while the same-term contract on WTI listed in New York fell 1.8% to $75.80 per barrel.