The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)
The Paris Stock Exchange is moving sharply higher on Monday, despite a low trading volume due to the public holiday, continuing to gauge the consequences of the election of Donald Trump in the American presidential election before a week full of indicators.
Around 9:30 GMT, the flagship CAC 40 index rose 1.03% to 7,414.13 points.
It thus erased part of its losses from last week, caused by investors' concerns regarding the increases in customs tariffs in the United States promised by Donald Trump.
The CAC 40 notably fell sharply on Friday, by 1.17%, to 7,338.67 points.
These important “sometimes frenzied capital movements” can be explained by the fact that the elected president “already acts on the political scene as if he were already the president”, which makes the markets react, summarized Jochen Stanzl, analyst for CMCMarket.
However, trade should remain generally low on Monday, due to a public holiday in several countries, notably France and the United States.
In terms of indicators, the markets will be interested in the results of the Singles' Day, the biggest period of online sales of the year in China, which ends on Monday, on the lookout for signs of a recovery in consumption after recent measures by the authorities to stimulate activity.
Started in October, these sales launched in 2009 by the Chinese e-commerce giant Alibaba have become a major commercial event, with discounts attracting customers to the country's main online sales platforms.
In France, these trends are particularly scrutinized: luxury heavyweights, who rely heavily on the Chinese market to sell their products, have been suffering for several months from sluggish growth in the world's second largest economy.
In this context, around 9:30 a.m. GMT, Kering gained 0.50% to 222.10 euros, Hermès 0.97% to 2,088.00 euros and LVMH 0.82% to 603.40 euros.
In the eurozone, the macroeconomic program for the week is also busy, between September's industrial production and the second estimate of third-quarter GDP on Thursday.
The ZEW institute's monthly barometer measuring the morale of German investors in November will also be studied closely on Tuesday, as Chancellor Olaf Scholz's coalition exploded last week, paving the way for new elections in Europe's largest economy.
For France, the final estimate of inflation in October on Friday and the unemployment figures for the third quarter on Wednesday will also be revealed.
The materials giant Saint-Gobain is leading the increases for the CAC 40, with an increase of 3.88% around 9:30 GMT, which takes it beyond the 89 euros mark for the first time to 89.46 euros.
Euronext CAC40
