(News Bulletin 247) – The Paris Stock Exchange is limiting its initiatives before taking note of a battery of major macroeconomic indicators during the week, particularly in the United States. The CAC 40 is slightly down this Monday at mid-session.

The Paris Stock Exchange is opting for caution, at the start of a week loaded with important macroeconomic indicators in the United States. After opening higher, the CAC 40 is now down 0.17% at 7,257.20 points this Monday at mid-session.

Today’s session promises to be calm in the absence of major statistics. This respite will be short-lived since on Tuesday investors will be aware of numerous economic data for the United States.

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 is dead calm. However, we can count on Esker to bring a little animation. The specialist in the dematerialization of documents is still gaining 2.6% after having jumped by more than 9% on Friday on information concerning expressions of interest from the British fund Bridgepoint, which the Lyon group confirmed on Monday.

Eutelsat is up 2.5%, 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 0.15% against the dollar to $1.0929. On the oil side, it is clearly on the rise, which benefits Totalenergies (+0.7%). The October contract on North Sea Brent climbed 0.9%, back above $80 to $80.38 per barrel, while the September contract on WTI listed in New York rose 1.1% to $77.71 per barrel.