The CAC 40 opened higher (+ 0.11%) on the last day of October, at the start of a week that will feature a meeting of the American central bank, the Powered, which investors are hoping for signs of decline. The index rose 0.46% on Friday, ending the week positively (+ 6.94%). Investors are increasingly counting on easing measures taken by central banks to fight inflation. Signs of slowing inflation in the US and parts of the economy, notably the US housing market, and recent decisions by central banks in Australia and Canada, which raised rates less than expected, support this assumption.
CAC 40: Bag in red, weighed down by Gafa’s results
“Investors are fully focused on this turnaround,” and no one “wants to lose the stock market rebound wagon, especially if the Fed makes a similar policy change this week,” said SPI analyst Stephen Innes. For Michael Hewson, analyst at CMC Markets, it is not yet the time to anticipate “a pause in the Fed’s bullish cycle, but rather,” a reduction in the magnitude of rate hikes “with perhaps -25 or 50 basis points in December. After the “75 basis points hike expected this week.” The outlook blew the New York Stock Exchange indices on Friday, with the top three up more than 2% despite poor results posted by the tech sector. Corporate income statement publications will continue this week, with Axa, BNP Paribas, Teleperformance, Legrand, Stellantis and Société Générale expected this week in Paris.
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The value to follow
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