(CercleFinance.com) – Futures on the CAC40, up only two points towards 7420, augur a hesitant start in Paris, for a week where eyes will largely be focused on an American presidential election with a particularly uncertain outcome .
'Neither candidate has announced that they want to reduce the federal budget deficit. In an economy already exceeding its potential, this can cause excess demand and pressure on prices, Oddo BHF highlighted last week.
'It is universally accepted that this risk would be greater if Donald Trump is elected and implements his program (increase in customs duties, limitation of migratory flows)', however, warned the research office.
Another highlight of the week, the Bank of England and the Federal Reserve will make their respective monetary policy decisions on Thursday, with a rate cut of 25 basis points being widely expected from the American central bank.
“Lower than expected job creation could encourage the Fed to follow up on this reduction,” Mahmoud Alkudsi, senior market analyst at ADSS, said on Friday after the poor employment report for the month of 'october.
This news could push the statistics of the week, such as the PMI activity indices, or publications from companies like Bouygues, Crédit Agricole and Veolia in Paris, or even DHL, Ahold Delhaize and IAG elsewhere in Europe into the background. .
In the meantime, it should be noted that the board of directors of Schneider Electric has appointed, with immediate effect, Olivier Blum to the position of general manager, after having terminated the functions of Peter Herweck due to disagreements in the implementation of his sheet of road.
Bureau Veritas has entered into an agreement to acquire Australia's APP Group, a strategic transaction that will strengthen its presence in the Asia-Pacific region and expand its infrastructure project capabilities.
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