(News Bulletin 247) – The Parisian index changed little at mid-session on Monday, October 27. Schneider Electric climbs, driven by an increase in advice from Morgan Stanley to “overweight” from “online weighting” previously.
The CAC 40 starts the week on a cautious note. The Parisian index changed little at mid-session on Monday, October 27, falling 0.1% to 8,220.52 points.
Market operators face a busy week. “Investors are preparing for a busy week, including the decisions of four G7 central banks on their key rates: the Fed (the American Federal Reserve, Editor’s note) and the Bank of Canada on Wednesday, followed by the Bank of Japan and the European Central Bank on Thursday,” explains Deutsche Bank.
A wave of results will once again liven up the odds. In Paris, a dozen CAC 40 companies will deliver their publications while on Wall Street, Gafam (Alphabet, Apple, Meta, Amazon, Microsoft) will reveal their accounts, Wednesday evening and Thursday evening. In addition, the American and Chinese presidents, Donald Trump and Xi Jinping, will meet on Thursday to try to resolve their trade differences.
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Schneider Electric electrified by Morgan Stanley
On this last point, “the Chinese Ministry of Commerce said that the two sides had reached a preliminary agreement on a series of issues, including the extension of the tariff truce, fentanyl, agricultural trade, export controls and taxes on shipments”, notes Deutsche Bank.
“For his part, the American Secretary of the Treasury, Scott Bessent, suggested that China would postpone for a year its new measures to control exports of rare earths and would make “substantial” purchases of American soybeans, while the American threat to impose 100% customs duties on China was “effectively ruled out”, continues the bank.
On the value side, Schneider Electric is at the top of the CAC 40, gaining 1.8%. The action is supported by Morgan Stanley, which upgraded its opinion on the stock to “overweight” from “line weighting” previously.
On other markets, the euro gained 0.1% against the dollar to 1.1639 dollars. Oil is moving forward a little. The December North Sea Brent contract lost 0.4% to $64.92 per barrel while the December contract for listed WTI lost 0.4% to $61.25 per barrel.
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