(BFM Stock Exchange) – The Parisian index fell in retreat this Monday, September 22, before the publication of a battery of statistics and interventions of managers of the American federal reserve during the week. The auto sector was under pressure in the wake of the warning on results launched by Porsche on Friday evening.

Stunk start of the week on the Paris Stock Exchange. Its star index, the CAC 40 fence slightly with 0.3% to 7,830.11 points at the end of this Monday, September 22.

The markets are preparing to follow a battery of economic indicators during the week. In particular the PCE index for the month of August, the favorite gauge of the American Federal Reserve (Fed) to measure inflation and which will be published on Friday.

Before, investors will be attentive to the interventions of several Fed officials during the week. These speeches occur a few days after the decision of the monetary institution to trigger its first rate drop of the year 2025.

For ING economists, investors will try to determine whether the majority of FOMC members (Monetary Policy Committee of the United States Federal Reserve) share the cautious tone of Jerome Powell as to the need for new rate drops.

“Today (this Monday, editor’s note), will speak Beth Hammack, Alberto Musalem and Tom Barkin, rather supporters of a restrictive policy, John Williams, rather supporter of an accommodating policy, and Stephen Miran, who voted in favor of a decrease of 50 bases of base last week. Jerome Powell will be expressed tomorrow on economic prospects”, they add.

Note that the Swiss National Bank will hold its quarterly meeting this Thursday in order to decide a possible adjustment of its monetary policy.

“The market is expecting almost 100% probability that rates remain unchanged at 0%. This conviction reflects both economic data and recent declarations by the BNS president, Martin Schlegel,” said Martina Honegger-Romahn, Lead Portfolio Manager Fixed Income Switzerland in Allianzgi.

Stellantis holds with Porsche

On the values ​​side, Stellantis fell 2.6%and Renault lost 1.55%, mined by the warning on results launched by Porsche (-7.2%) Friday evening after the closing of European markets.

On the side of small and medium capitalizations, Genfit fell 8.9% while the Biotechnologies company announced the cessation of a program in acute liver insufficiency on chronic.

On the exchange market, the euro increased by 0.3% against the greenback at 1.1774 dollars. Oil gives way. The November contract on the Brent de Mer of the North loses 0.3% at 66.47 Dollars per barrel while that of October on the WTI listed in New York fell 0.4% to 62.17 Dollars per barrel.