2023-12-04 17:56:12
The Paris Stock Exchange fell 0.18% on Monday, catching its breath following a very good month of November and starting to position itself to end the year in style.
The flagship CAC 40 index lost 13.56 points, to 7,332.59 points. On Friday, it ended up 0.48%, following closing the month of November with a monthly gain of 6.17%, its best monthly increase since January.
The market is in a “rebalancing phase” for Frédéric Rozier, portfolio manager at Mirabaud. “We see stocks that suffered this year, rising today and vice versa,” he comments. Market operators “take profits where possible.”
Among the biggest rises in the CAC 40 on Monday were, for example, Kering, which rose 1.82%, while the luxury group’s shares have fallen by almost 16% since the start of the year, and Eurofins: +1.15% on Monday, but almost -19% since January 1.
This week, investors will monitor “everything that may have an impact on the anticipation of a rate cut”, according to Frédéric Rozier, and in particular the monthly report on employment in the United States expected on Friday.
“Any figure that points to a real slowdown in employment will be an additional indication to validate the scenario of a reduction in the first half of the key rates” of the central banks, anticipates the Mirabaud expert.
Given the increasingly clear signs of an economic slowdown in the United States and a continued deceleration in inflation, market participants are increasingly counting on an initial cut in the Federal Reserve’s main key rate. American from March.
The dynamics of the American job market are “the last point of doubt” for investors according to Frédéric Rozier who warns: “if there is an easing of employment, it is clear that the end of the year might be thunderous “.
Thales, which announced that it had finalized the acquisition of the American Imperva earlier than expected, valued at 3.6 billion euros, making the group “one of the five world leaders” in cybersecurity, sold 1 .83% to 136.60 euros.
The CEO of TotalEnergies signed on Monday, during the COP28 in Dubai, an investment agreement with Kazakhstan relating to a giant wind project which will provide electricity to one million inhabitants of this country. The stock of the oil and gas giant ended down 1.56% at 61.39 euros, following the same trend as the rest of the oil sector and crude oil prices on Monday.
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