CAC40: expected to open in the green

CAC40: expected to open in the greenOctober 07, 2024 at 02:40 am EDT ShareWith futures on the CAC40 up 40 points at around 7590, the Paris Bourse is expected to get off to a good start this week, after closing in good spirits on Friday thanks to a reassuring employment report for the US economy.\'After disappointing releases in previous months, the situation on the US labor market improved markedly in September\', reminds Commerzbank, pointing out 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 brink of recession", continues

the German bank.While these figures could prompt the Fed to cut rates by just 25 basis points in November, traders\' attention this week could be focused on data from the eurozone, with a view to next week\'s ECB meeting.We expect the latest eurozone retail sales figures to remain lacklustre, while German industrial production probably fell a little further in August", says Capital Economics.In addition to these two data items, due on Monday and Tuesday respectively, traders will be keeping an eye on US inflation (Thursday), as well as the start of the US earnings season, with those of banks such as JPMorgan Chase (Friday).In Paris stock news, Unibail-Rodamco-Westfield

announced the resignation of Xavier Niel from its supervisory board, and the co-option of Michael Boukobza to replace him for the remainder of his term.Giving an update on the malfunction of the electrical interconnector between France and Great Britain, which led to the suspension of activity at its subsidiary ElecLink, Getlink estimated that repair work would take six weeks to complete.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.Copyright (c) 2024 CercleFinance.com. All rights reserved.