The Paris Stock Exchange fluctuated little on Monday, anesthetized by the absence of American investors, absent for a public holiday, while waiting for macroeconomic indicators to shake up investors later this week.
The star CAC 40 index fell by 0.16% to 7,335.61 points. On Friday, it ended down 0.25%, but up more than 3% over the week, following a new session record at 7,387.29 points reached on Thursday.
The recovery was calmer on Monday, “the American markets are closed when they usually give the la”, reminds AFP Philippe Cohen, manager at Kiplink Finance.
Investors have shown themselves to be wait-and-see before several “economic figures which will be published this week”, adds Mr. Cohen, which will allow to have “a little more things to put in their mouths than today”.
On Tuesday, activity indices for several private services will be published for Germany, France, the United Kingdom, the euro zone and the United States.
The challenge for the markets is to “see how the economy is slowing down”, according to Philippe Cohen. A slight slowdown is desirable, “but not too pronounced for central bankers to stick to what they said regarding the next rate hikes,” he explains.
The US and European central banks plan to raise their key interest rates a few more before keeping them at a high level while waiting for inflation to come down to an acceptable level.
A halt to higher prices implies a slowdown in the economy, but investors fear it might be too strong and cause a global recession.
In addition, are expected this week regarding ten results of companies, among the forty companies of the CAC, mainly Wednesday and Thursday.
On the bond market, rates, which have increased significantly in recent weeks, stabilized, and the interest on the French 10-year loan stood at 2.92% around 5 p.m. GMT.
Airbus at the back of the pack
The European aircraft manufacturer Airbus ended among the largest declines in the CAC 40, with a decline of 2.24% to 122.84 euros.
The company announced on Monday that it had signed an agreement with the trade unions in France overhauling the various company agreements and also plans to hire 3,500 people in France in 2023.
