CAC40: rebound in sight before the opening

(CercleFinance.com) - The CAC40 could start the new week on a rebound of around 0.
4% on the basis of futures, after closing down 1.6% at just under 7252 points last Friday for the Paris Bourse's flagship index.

As a reminder, markets suffered on Friday from the release of a 'worrying' US employment report, according to Commerzbank, with only 114,000 new non-agricultural jobs created in July and the unemployment rate up 0.2 points to 4.3%.000 new non-agricultural jobs created in July, and the unemployment rate up 0.2 points to 4.3%.

"At the same time, wages have risen more slowly", pointed out the German bank, for whom this supported the scenario of a first rate cut by the Federal Reserve in September.

On Monday, investors will be paying close attention to the various composite PMI indices in final data for July, in particular that for the eurozone, which appeared down at 50.1 in flash estimates, signalling virtual stagnation in the region's private sector.

Other data due in the next few days include retail sales in the eurozone, followed by German industrial production for June, and France's unemployment rate for the second quarter.

On the corporate front, this week's releases include those of Novo Nordisk, Commerzbank, Ahold Delhaize and Deutsche Telekom in Europe, and Amgen, Caterpillar and Walt Disney in the USA.

Société Générale has signed agreements with Union Bancaire Privée (UBP), a Swiss bank specializing in wealth and asset management, to sell it SG Kleinwort Hambros and Société Générale Private Banking Suisse.

L'Oréal announces the acquisition of a 10% stake in Galderma Group from Sunshine SwissCo (a consortium led by EQT), Abu Dhabi Investment Authority (ADIA) and Auba Investment, for an undisclosed amount.

Lastly, oil company Maurel & Prom reported an almost doubling of net income (Group share) (+91%) for the first half of 2024, underpinned by a 35% increase in production (M&P share).

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