CAC40: slightly negative bias ahead of inflation data

(CercleFinance.com) - Futures on the CAC40, down 10 points at 7430, presage a slightly downbeat start to what promises to be a particularly busy session, with inflation data and an avalanche of corporate earnings releases.


The day will see the publication of flash inflation estimates for the month just ended, first in France at the start of the session, then - and above all - in the eurozone later in the morning.

'Due to a weak basis of comparison, the inflation rate will recover. It fell to 1.7% year-on-year in September and could return to around 2%. On the other hand, underlying inflation should continue to erode', says Oddo BHF for the euro zone.

Still on the subject of inflation, traders should keep a close eye on the PCE price index in the USA, a measure closely watched by the Fed, which will be unveiled mid-session, alongside household income and spending for September.

In addition to these indicators, Thursday's session is once again dominated by corporate publications, such as that of Société Générale, which saw its group share of net income multiply by 4.6 in the third quarter.

Other heavyweights to have released their quarterly performances since yesterday evening include TotalEnergies, BNP Paribas, Airbus, AXA, STMicro, as well as TF1, Ubisoft, Imerys and Spie.

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