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Paris Stock Exchange Set to Open Higher Following Wall Street Rebound

Following a stable close at 6,997 points, the Paris Stock Exchange should open slightly higher this Thursday, in view of futures on the CAC40 increasing by around 0.2%, in the wake of a clear rebound on Wall Street the evening before.

American stock indices have in fact made significant gains, after the announcement of meager private job creation in the United States according to the ADP firm, as well as American PMI and ISM indices trending downward for the month of September. .

‘For the markets, weak data has led investors to reduce the probability of a further Fed rate hike this year, which fell from 52% previously to 42% at the close yesterday’, points out Deutsche Bank this Morning.

On the front of today’s statistics, French industrial production and the German trade balance for the month of August will be revealed this morning, then the trade balance and unemployment claims in the United States at the start of the afternoon.

In stock news, TotalEnergies indicates that it has finalized the sale of its 50% stake in the Surmont oil sands asset to ConocoPhillips and has signed an agreement to sell its other Canadian upstream assets to Suncor.

Scor announces the acquisition of nine million of its own shares, representing 5.01% of its capital, by partial exercise of the purchase option granted by Covéa, and their subsequent transfer to BNP Paribas Cardif, as part of an off-market transaction.

Atos says a consortium made up of its Eviden business line and ParTec has entered into a contract with EuroHPC JU to supply the very first Exascale supercomputer in Europe, a project with an overall budget of around €500 million.

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2023-10-05 06:36:02
#CAC40 #slightly #positive #bias #wake #York

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