(News Bulletin 247) – The Paris Stock Exchange started the week on a sluggish note, before taking note during the week of a battery of major macroeconomic indicators, notably in the United States. The CAC 40 fell 0.26% to 7,250.67 points this Monday.
It was clearly an observation session for the Paris Stock Exchange, which is preparing for a busy week of important macroeconomic indicators in the United States. On Monday, the CAC 40 ended down 0.26% at 7,250.67 points at the end of a flat session.
Today’s session was quiet in the absence of major macroeconomic data. This respite will be short-lived since investors will see a lot of economic data for the United States on Tuesday.
A busy macroeconomic agenda in the United States
Producer prices will be on the agenda on Tuesday, before inflation data on Wednesday for July. A barometer of American consumption, July retail sales will be on the agenda on Thursday, before consumer confidence (U-Mich) on Friday.
This battery of statistics will be valuable in feeding the thinking of operators worried about the entry into recession of the American economy. Manufacturing and employment data published at the beginning of the month had caused a movement of panic on the markets at the beginning of last week. These fears had been somewhat tempered by other employment data that were better than expected.
“All eyes will be on US statistics this week,” Barclays economists sum up quite well.
Business news will also be busy across the Atlantic, with Cisco, Alibaba and Walmart announcing their quarterly results, to name but a few.
Dead calm in Paris
In Paris, on the other hand, it was completely calm. However, we can count on Esker to bring a little excitement. The specialist in the dematerialization of documents closed up 3.2% after jumping more than 9% on Friday on information concerning expressions of interest from the British fund Bridgepoint, which the Lyon group confirmed on Monday.
Eutelsat rose 2.2% as the satellite operator announced Friday evening that it had entered into negotiations for a partial sale of its passive ground segment infrastructure.
On the foreign exchange market, the euro gained 0.17% against the dollar to $1.0932. On the oil side, it rose sharply, which benefited Totalénergies (+0.6%). The October contract on North Sea Brent jumped 1.8%, back above $80 to $81.11 per barrel, while the September contract on WTI listed in New York rose 2.3% to $78.58 per barrel.
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