(BFM Stock Exchange) – The Parisian index closes on Friday, October 3, when the American employment report was postponed due to “Shutdown”. Over the week, the CAC 40 won 2.7%, carried by anticipations of rate drops to the United States and the ambient euphoria in the technological sector.

The Paris Stock Exchange was not very inspired this Friday, October 3, deprived of an important indicator in the United States. In a poor day in news, the CAC 40, however, managed to gain a few more points, closing up 0.3%, at 8,081.54 points.

The star index earns 2.68% over the whole week marked by five consecutive increases and straddling between September and October. The counter even goes up to six, if we integrate the progression of the CAC 40 on Friday, September 26.

In normal times, investors would have waited as milk on fire the monthly report on American employment this Friday. But due to the “Shutdown” in the United States, synonymous with a large part of the federal services, this flagship publication of the market has been postponed.

“Unfortunately, it is not the private data, deemed unreliable, such as the ADP survey, which will allow you to see more clearly,” regrets Christopher Dembik, of Pictet AM.

“Even if we do not have statistics produced by the government, many other reports have been published this week, and they are not very encouraging. The slowdown in economic activity and cooling of the job market should prevail over persistent fears linked to inflation due to customs duties, the American Federal Reserve (Fed) is preparing to reduce its rates in October and Knightley chief economist at ING. These negative signals on the US economy come to fuel the prospect of a drop in Fed rates.

The momentum of the AI

The operators, however, have read the ISM index of services in the United States for September which came lower than expected, at 50 points, just at the level of the threshold separating contraction and expansion of the activity. The consensus was tapped on 51.7 points.

A little earlier in the day, investors took note of the publication of PMI indices in the euro zone. In September, the composite index, an overall measure of the private sector activity, established 51.2, a 16 month old. An index greater than 50 indicates an expansion of the activity.

More generally, the trend remains in optimism, in particular due to the many announcements of expenditure linked to artificial intelligence (AI). This enthusiasm on AI allows American major clues to push their summits, as well as the prospect of seeing the Fed accelerate its monetary relaxation process.

“We note that more and more IT directors are redoubling their efforts in their strategic AI roadmap, because the risk of arriving too late in the race is, in our view, the engine of what should represent thousands of billions of additional investments in the coming years,” wrote Dan Ives, Wedbush in a note.

Big acquisition for Legrand

On the values ​​side, Bureau Veritas won almost 1%, supported by a note from Bank of America, which advises buying the action of the test, inspections and certifications group, stressing that it offers the best growth prospects of its sector.

Legrand resumed 0.5% after announcing an acquisition at nearly a billion euros to strengthen in data centers in the United States.

Excluding CAC 40, Maisons du Monde rebounded by 13.1%, carried by a note from TP ICAP Midcap which has increased to the purchase on the file, judging that the recent withdrawal of the action constitutes an interesting point of entry.

Kaufman & Broad finally fell 1% after delivering half -line results online with expectations.

In other markets, the euro earns 0.2% against the dollar at $ 1.1744. Oil is progressing. The December Brent of the North Brent contract takes 0.8% at 64.63 Dollars per barrel while that of November on the WTI listed in New York gains 0.9% at 61.02 Dollars per barrel.