“Paris Stock Exchange: US Debt Ceiling Issue and Latest Economic Updates – Daily Updates”

2023-05-22 08:50:00

(CercleFinance.com) – After a gain of 0.6% to 7492 points on Friday, the Paris Stock Exchange starts the week quite hesitantly around 7490 Pts while the US debt ceiling issue should remain at the center of attention .

As a reminder, Wall Street ended slightly lower on Friday, on “information that indicated that negotiations had been interrupted, a sudden pause which reinforced fears that an agreement would not be concluded soon”, according to Wells Fargo.

The negotiations in Washington with a view to raising the debt ceiling, and thus avoiding a default by the United States in the short term, should remain in everyone’s mind on Monday, especially since no major data is planned.

Nevertheless, the next few days will see the appearance of the PMI indices in flash estimate, inflation in the United Kingdom, business climate indices in France and Germany, as well as a new estimate of German GDP.

In the United States, the end of the week will be marked by the publication of a new estimate of economic growth, then of household income and expenditure, accompanied by a PCE price index usually scrutinized closely by the Fed.

In the news of values ​​in Paris, Sanofi announces the presentation of positive results of a phase III trial evaluating its Dupixent in chronic obstructive pulmonary disease, at the international congress of the American Thoracic Society.

Thales Alenia Space, a joint venture of Thales (67%) and Leonardo (33%), announces the successful launch of five additional spare satellites it has built for the modernized constellation of Iridium telecommunications satellites.

TotalEnergies indicates that it has received from the Ministry of Energy Transition and Autonomous Communities the environmental authorizations necessary to carry out solar projects for a total capacity estimated at three gigawatts in Spain.

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