CAC40: wait-and-see attitude ahead of US employment report

(CercleFinance.com) - A wait-and-see attitude may prevail at the opening, with CAC40 futures holding steady at around 7360, on November 1st, which should be dominated by the mid-day release of the US employment report for the past month.


"The labor market undoubtedly suffered from a number of ups and downs in October", warned Oddo BHF at the start of the week. The latest Beige Book reported that employment rose modestly in most districts, with wage gains moderating as a result'.

While Jefferies was expecting only 95,000 non-farm jobs to be created at the start of the week, economists may have raised their expectations following Wednesday's ADP report, which revealed a gain of 233,000 jobs in the private sector.000 jobs in the private sector.

This report will be scrutinized all the more closely in the run-up to the US presidential election, the outcome of which seems more uncertain than ever, and the Fed's penultimate monetary policy meeting of the year.

Still on the statistics front, the session will also see the release of the PMI and ISM manufacturing indexes for the United States, while those for France and the eurozone are not scheduled for All Saints' Day, a public holiday in several continental European countries.

In Paris, Eiffage declared that it had exceeded the thresholds of 20% and 25% of Getlink's voting rights, and now holds 20.55% of the capital and 27.56% of the voting rights, following the allocation of double voting rights.

The Viridien geosciences group published adjusted EBITDA for the first nine months of 2024, up 7% to $298 million, and confirmed its 2024-25 financial roadmap and targets for the current year.

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