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The Paris Stock Exchange Is Declining, And It Could Worsen This Week!

Mon 30 Sep 2024 ▪ 3 min read ▪ by Eddy S.
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Paris Stock Exchange started the week down sharply, marking a pause after gains recorded the previous week. The main index, the CAC 40, fell by 1.04% on Monday morning, settling at 7,710.49 points. This caution is due to the anticipation of numerous crucial economic publications scheduled for this week.

Bourse CAC40 Paris

A decisive week for the Paris stock exchange

Last week, stock markets were supported by announcements from Chinese authorities aimed at stimulating an economy losing momentum. However, the enthusiasm generated by these measures did not extend beyond Chinese borders. European investors remain cautious, anticipating important economic data that could influence the markets.

Indeed, several major economic publications are expected this week, notably reports on employment in the United States and Europe. The U.S. monthly employment report, 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, data on inflation in Germany and Italy will be released on Monday, followed by employment figures for the eurozone 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. Franco-Italian-American manufacturer Stellantis revised its financial forecasts for the current year downward. This announcement led to a 13.49% drop in Stellantis shares, affecting the entire sector.

Outlook and uncertainties

Besides the economic data, investors will closely follow the political speech of French Prime Minister Michel Barnier, scheduled for Tuesday. This speech could provide clues on the French government’s budgetary orientations and influence stock markets.

In summary, the Paris stock exchange is evolving in a context of caution and uncertainty, marked by the anticipation of crucial economic publications. Investors remain attentive to global economic developments and political decisions that could influence markets in the coming days.

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Eddy S. avatar
Eddy S.

Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.