CAC40: expected to be fairly stable despite Wall Street

(CercleFinance.com) - Futures on the CAC40, down around 10 points at 7560, foreshadow a hesitant opening in Paris, despite New York, where the minutes of the latest FOMC meeting were well received by investors.


As a reminder, the US central bank decided to cut its benchmark interest rate by 50 basis points at this meeting, placing it in a range of 4.75 to 5%, thus beginning a cycle of monetary normalization.

"The minutes emphasize that this decision was taken to support economic growth and prevent a further deterioration in employment", explains Quasar Elizundia at Pepperstone.

As far as inflation is concerned, the Federal Reserve said it was more confident in its progress towards its annual target of 2%, although it remains above the desired level", adds this research strategist.

All eyes will be on the US consumer price index (CPI) due to be published early this afternoon, which Jefferies expects to show an annual rise of 2.3% unadjusted and 3.2% excluding food and energy.

'The CPI calculation gives exaggerated weight to the price of housing services, including shadow rents charged to landlords. Without this, inflation would already be below 2%', noted Oddo BHF at the start of the week.

In the Paris stock market, Airbus reported 50 deliveries to 29 customers in September, bringing the year-to-date total to 497, and 235 gross orders last month.

Scor announces that it has entered into exclusive negotiations with Huyghens de Participations, the holding company of the Albin Michel group, for the sale of its stake in Humensis, France's ninth-largest general and educational publishing group.

Getlink reports that its shuttle services carried 200,353 passenger vehicles and 96,570 trucks in September, down 5% and up 1% respectively year-on-year.

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