(News Bulletin 247) – The Parisian index gained a few fractions this Monday, at the start of a busy week in economic publications. The CAC 40 nibbles 0.03%, but remains below 7,300 points.

Shy start to the week for the Paris Stock Exchange. The CAC 40 closed with a symbolic increase of 0.03% to 7,257.47 points while it gained a little more than 1% at the start of the morning.

The Paris index was initially supported by Donald Trump’s nomination of Scott Bessent as US Treasury Secretary. The profile of the future head of the US Treasury reassures the markets. The positions of this emblematic figure of Wall Street are perceived as more moderate, particularly on customs duties.

But a disappointing German indicator hampered the CAC 40’s attempt to rebound. The morale of German entrepreneurs fell more than expected in November, to 85.7 points, according to the IFO barometer published this Monday morning. The market consensus anticipated a less pronounced deterioration, at 86 points compared to 86.5 points in October.

On Wall Street, investors ignore the prevailing gloom in Europe, and welcome the appointment of Scott Bessent with the Dow Jones and S&P 500 setting new records during the session.

A busy week

In this context, the markets will be attentive to the publication of the Conference Board’s household confidence index, as well as to the minutes of the American Federal Reserve on Tuesday, before taking note the next day of the PCE price index for October , the Fed’s favorite inflation gauge.

Note that Wall Street will be closed on Thursday for Thanksgiving celebrations, and stock trading on the New York Stock Exchange will only take place for half a session the next day, Friday, November 29.

In Europe, operators will learn the household confidence figures in the euro zone for November this Thursday, before the day after the inflation figures for the month of November.

Atos overheating

In terms of corporate news, the luxury sector is trending well with Kering which jumped 5.5%, Hermès gained 2.5% while LVMH increased by 2.5%. Just like the spirits sector with Rémy Cointreau which appreciated by 4.6% while Pernod Ricard gained 2.8% after the appointment of Scott Bessent.

Thales and Dassault Aviation lost more than 4%, penalized by Kepler Chevreux which downgraded its advice to hold on the two stocks.

Outside of the CAC 40, Atos soared 98.9% as the digital services company received a non-binding offer from the French State with a view to acquiring its activities bringing together its supercomputers for a value of 500 million euro company.

Soitec jumped 15.8%, still driven by its half-yearly publication unveiled at the end of last week.

On the foreign exchange market, the euro increased by 0.6% to 1.0476 dollars. On the oil side, the January contract on Brent from the North Sea lost 2.6% to 72.69 dollars per barrel while that of the same maturity on WTI listed in New York lost 2.8% to 69.23 dollars per barrel.