(CercleFinance.com) – The Paris Stock Exchange is moving forward, buyers are waking up, the CAC40 is up +0.5% to 7,560 compared to a decline of 0.7% the day before in a generally worrying context.
The US indices or reopened without direction with barely 0.1% for the S&P500 while the Nasdaq fell by -0.2%: the 3 indices now gained between +0.4 and +0.5%.
The Euro-Stoxx50 lines up with a gain of 0.5% at 4.3975, the DAX40 stands out with +0.8%.
Despite today’s improvement, the CAC ‘remains under pressure from three factors’, noted Tuesday Alexandre Baradez, head of market analysis at IG France.
The latter in fact pointed to geopolitical stress with the escalation of tensions in the Middle East, the evolution of the political situation and budgetary issues in France, and finally the postponed expectations of a rate cut in the United States.
‘Whether in the United States or Europe, there is also probably a bit of hedging taking place before the corporate earnings season which will begin in a few days. But also a little coverage before the American election in a month’, he also judged.
While waiting for the real kick-off to the results season, which will be given on Friday by JP Morgan Chase, operators should be attentive this evening to the minutes of the Fed’s monetary policy meeting (FOMC) last month.
‘There is no debate on the direction of the policy (easing), but on the speed of the adjustment’, Oddo BHF specified at the start of the week, estimating that the minutes of the last FOMC ‘will perhaps give clarification on this point.
The bond markets are taking a break while statistical news is absent and the highlight of the day will be the publication of the ‘minutes’ of the FED’s September meeting (FOMC) at 8 p.m.
The only ‘figure’ will be that of the weekly evolution of oil stocks in the United States (at 4:30 p.m.).
A wait-and-see attitude has generally prevailed since Tuesday evening before the American inflation figures this Thursday.
T-Bonds rise by a symbolic +1.2 point towards 4.04650%, the ‘2-year’ shows the same gap at 3.992%, the ’30-year’ stabilizes around 4.3200%, worst score since July 31 last.
The picture is not more encouraging in Europe with Bunds at 2.2540% (+0.8Pt only) but our OATs add +1.3Pt to 3.0300%, the Spanish ‘Bonos’ take +1.4Pt to 3.01%.
The Euro lost 0.25% against the Dollar towards 1.0950, gold continued its consolidation towards 2,615/2,620$.
Oil lost -1.8% to $76 despite the arrival of Cyclone Milton because weekly oil stocks were up, before the closure of several installations due to imminent bad weather.
Economic activity in the South of the United States could remain disrupted for several days and this will affect the entire United States.
In the news of values in Paris, Kering announces the appointment of Stefano Cantino as general director of Gucci, reporting to Francesca Bellettini, deputy general director of the group in charge of house development.
Sanofi indicates that new data on its Beyfortus, confirming its effectiveness in real-world situations against RSV infections in infants, will be presented at IDWeek 2024, which will be held in Los Angeles from October 16 to 19.
Thales announces that its board of directors has decided to pay an interim dividend of 0.85 euros per share at the beginning of December, as well as to cancel 4,268,227 treasury shares held in registered form, representing 2.03% of its capital.
Related News :