This morning, the Paris stock market opened in the green with a gain of 0.7% and a CAC 40 index at 6,672 points. This index seems to be progressing thanks to some luxury sector stocks such as Kering which gained 3% and LVMH which rose 2%.
If the CAC evolves in the green, we will follow with attention the intervention at the end of the week of Jerome Powell at the meeting of the central banks and economists of Jackson Hole. In particular, we will study the signals concerning the Fed 's willingness to start slowing down its asset purchases.
Remember that the equity market rally came to a screeching halt last week with a weekly decline of 4% in the CAC 40. It is therefore possible that the major stock market indices will hesitate this week.
We note that the U.S. bond yield is hitting its annual low, with negative scores from emerging markets since the beginning of the year and losses on commodities. The economic recovery is also showing signs of slowing growth as the Delta variant continues to rise and has analysts worried.
For this Monday's session, several publications are to be followed, including the preliminary figures of the PMI surveys of private sector activity in Europe.
In France, the flash composite index remains above its historical average of 53.3 to 56.6 in July, showing strong expansion in the private sector despite the slowdown in growth, thanks in particular to the strengthening of demand in France and abroad and the recovery in tourism.
On the whole, therefore, conditions remain favourable for continued growth in the third quarter of 2021. Analysts also point out that there is a significant correlation between the stock markets and the PMI and ISM activity indicators.
Several stocks are also in the news on the Euronext Paris market and on the European markets at the beginning of this week.
We will notably follow AXA which announced the launch of its employee shareholding operation called "shareplan 2021" which will take place in 36 countries and will concern nearly 110,000 employees who will be offered a classic and a leveraged offer.
Another stock to watch this week is Valvena, which has announced that it has begun the gradual submission of the application for initial marketing authorisation for its candidate vaccine against Covid-19, VLA2001, to the British health agency MHRA.
Finally, Bigben has just announced the start of exclusive negotiations with HF Company with a view to acquiring its subsidiary Metronic, a specialist image processing company.metronic, an image processing company specializing in the connected world of audio-video, which will strengthen its Telco audio division.