20h00 ▪
3
min reading ▪ by
Eddy S.
The Paris Stock Exchange started the week in sharp decline, marking a pause after the gains recorded the previous week. The flagship index, the CAC 40, fell by 1.04% this Monday morning, settling at 7,710.49 points. This caution is explained by the anticipation of numerous crucial economic publications scheduled for this week.
A decisive week for the Paris stock market
Last week, stock markets were supported by announcements from Chinese authorities aimed at stimulating a flagging economy. However, the enthusiasm generated by these measures has not spread beyond China’s borders. European investors remain cautious, anticipating important economic data that could influence the markets.
Indeed, several major economic publications are expected this week, including reports on employment in the United States and Europe. The monthly report on American employment, scheduled for Friday, is particularly scrutinized by stock market investors. This report could provide indications on the health of the American economy and influence the FED’s decisions regarding interest rates.
In Europe, inflation data in Germany and Italy will be released on Monday, followed by euro zone employment figures on Wednesday. This data is crucial for assessing the economic situation of the region and could have a significant impact on financial markets. Furthermore, the European automotive sector is also under pressure. The Franco-Italian-American manufacturer Stellantis has revised downwards its financial forecasts for the current year. This announcement caused Stellantis shares to fall 13.49%, affecting the entire sector.
Outlook and uncertainties
Aside from economic data, investors will closely follow the political speech of French Prime Minister Michel Barnier, scheduled for Tuesday. This speech could provide clues about the French government’s budgetary orientations and influence stock markets.
In short, the Paris stock market is evolving in a context of caution and uncertainty, marked by the wait for crucial economic publications. Investors remain attentive to global economic developments and political decisions that could influence the markets in the days to come.
Maximize your Cointribune experience with our ‘Read to Earn’ program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.
DISCLAIMER
The comments and opinions expressed in this article are those of the author alone, and should not be considered investment advice. Do your own research before making any investment decisions.
