(BFM Stock Exchange) – The CAC 40 is backwards on Monday, August 25, while the increase in the CAP equity markets, anticipations of dropped rate drops on the part of the Fed is no longer enough.

The Paris Stock Exchange begins the week in the Red. The CAC 40 abandons 0.6% at mid-session on Monday, at 7,922.23 points.

The market lacks fuel to go more from before, after being clearly supported by anticipations of drop in rate of the American Federal Reserve (Fed). These speculations were itself fed by the intervention of the president of the Fed, Jerome Powell, during the Jackson Hole symposium, whose tone was deemed to be accommodating.

“However, Powell stressed the need to proceed with caution, since the risks of inflation are oriented upwards and that a stable unemployment rate suggests a labor market that is always balanced,” notes Richard Clarida, economic advisor for Pimco and former vice-president of the Fed.

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The construction fell back

Market operators have many meetings this week, especially to gauge inflation. The PCE index, the Fed favorite barometer, will be published on Friday. On the same day the consumer price index, the best known measure will be communicated in the various countries of the euro zone.

At the company level, the quarterly results of Nvidia, expected Wednesday after the closing of the market, will constitute the major event of the week.

On the values ​​side, the construction sector and construction is clearly retreating. Vinci loses 3.2% and Eiffage 3.3% while Bouygues sold 2.35%, this without specific ad for the sector. However, an analyst risks evoking the fact that these actions are sensitive to political risk while the French executive is under the threat of censorship and that an important social movement is prepared for September 10. Valneva drops 23% after announced the suspension of its IXCHIQ vaccine against chikungunya in the United States.

In other markets, the euro lost 0.26% against the dollar at 1.1689 dollars. Oil is advancing. The October Brent of the Northern Sea contract advances 0.6% to 67.60 a barrel while the same maturity on the WTI listed in New York advances from 0.7% to 64.10 dollars.