(News Bulletin 247) – The Paris Stock Exchange is starting the week off on the right foot. The CAC 40 maintained its lead above 7,400 points this Monday evening, thanks to a gain of 1.2% at the close.

On the ropes last week, the Paris Stock Exchange confirmed its rebound this Monday. The CAC 40 finished up sharply by 1.2%, back above 7,400 points, at 7,426.88 points.

This rise in the flagship Parisian index was achieved in more than adequate volumes (3 billion euros traded), despite this Monday holiday for the Armistice, but which is not idle on the Paris Stock Exchange.

New records on Wall Street

The Parisian market, in turn, benefited from the buying momentum of Wall Street, which remains high after Donald Trump’s victory in the American presidential election. The three major indices, namely the Dow Jones, the S&P 500 and the Nasdaq Composite, also pushed back new records during the session.

“It appears that the market will continue to rise thanks to the ‘Trump Trade’, that is to say the anticipation of investors that a new Trump presidency will be positive for the stock market, commented Quincy Krosby of LPL Financial , cited by AFP.

Tesla continues its fantastic stock market ride, and gains even more than 7% this Monday, consolidating its return above the $1,000 billion capitalization mark.

The car manufacturer’s action benefited this Monday from a positive rating from Wedbush, which believes that Donald Trump’s accession to power will contribute to the development of artificial intelligence and autonomous driving thanks to deregulation of the sector. The research firm’s analysts see Tesla reaching a market capitalization of 1,500 billion, or even 2,000 billion dollars within 12 to 18 months.

A busy macroeconomic calendar

The Paris Stock Exchange is therefore regaining some color at the dawn of a week rich in economic indicators. Investors will learn from Tuesday the German Zew consumer confidence index for November, followed on Thursday by industrial production for September and the second estimate of third-quarter GDP for the euro zone.

In the United States, operators will also be attentive to price data, with the CPI inflation index for October on Wednesday, followed the day after by the PPI producer price index, still for October, on Thursday .

Industrial stocks on the move

On the value side, the rebound of the CAC 40 this Monday was led by industrial stocks, Saint-Gobain finished at the top of the flagship Parisian index (+3.5%), supported by Jefferies which clearly raised its objective of price, to increase it from 103.1 euros to 147 euros, while remaining the buyer of the file.

The title of the oldest company in the CAC 40 is followed by Schneider Electric (+3.3%), and Safran which completes the podium, with an increase of 2.6%.

On the foreign exchange market, the euro lost another 0.6% to 1.0651 dollars, its lowest since last June, still weakened by the strength of the greenback. As for oil, it is in sharp decline. The January contract on North Sea Brent lost 2.9% to $71.75 per barrel while the December contract on WTI listed in New York dropped 3.2% to $68.11 per barrel. Unlike bitcoin which is in great shape and is now trading at more than 84,000 dollars at the close of European markets.