(CercleFinance.com) – In view of futures on the CAC40 up 40 points towards 7590, the Paris Stock Exchange is expected to start the week on the right foot, after a good-humoured close on Friday thanks to a report on employment reassuring for the American economy.
‘After disappointing publications in previous months, the situation on the American labor market improved significantly in September,’ recalls Commerzbank, stressing that 254,000 new jobs were created, much more than expected.
‘Of course, individual monthly figures should not be overestimated, but this report should allay fears that the US economy is on the verge of a recession,’ the German bank continues.
If these figures could encourage the Fed to only reduce its rates by 25 basis points in November, the attention of operators this week could mainly be focused on the data from the euro zone, in view of the ECB meeting next week.
‘We expect the latest euro zone retail sales figures to remain lackluster, while German industrial production probably fell a little more in August,’ says Capital Economics on this subject.
In addition to these two data expected this Monday and Tuesday respectively, operators will be attentive to inflation in the United States (Thursday), as well as to the start of the American results season, with those of banks such as JPMorgan Chase (Friday). .
In securities news in Paris, Unibail-Rodamco-Westfield announced the resignation of Xavier Niel from its supervisory board, and the co-optation of Michael Boukobza to replace him for the remaining duration of his mandate.
Taking stock of the malfunction of the electrical interconnector between France and Great Britain which led to the suspension of the activity of its subsidiary ElecLink, Getlink estimated the duration of the repair work to date at six weeks.
Bureau Veritas announced an agreement to sell its food analysis business to Mérieux NutriSciences, and announced the acquisition of IDP Group, an independent provider of BIM (Building Information Modeling) services.
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