2023-10-04 09:20:00
(CercleFinance.com) – At the start of the day, the CAC40 showed a stable trend towards 7005 points, foreshadowing a certain caution on the Paris Stock Exchange, after the publication of numerous macroeconomic data.
Investors took note this morning of the composite PMI indices for the past month in the euro zone and the main European countries, but also of industrial production prices and retail sales in the euro zone for August.
At 47.2 in September (very slightly revised from 47.1 in flash estimate), the HCOB composite PMI of overall activity signaled a fourth consecutive monthly decline in euro zone private sector activity.
As a reminder, the Eurozone PMI index rose slightly to 47.1 in flash estimation, a level which however ‘signaled a drop of 0.4% in GDP in the third quarter compared to the second’, according to Hamburg Commercial Bank.
In August compared to the previous month, industrial producer prices increased by 0.6% in the euro area and by 0.5% in the EU, according to Eurostat estimates, following decreases in July of respectively 0.5% in the eurozone and 0.7% in the EU.
Seasonally adjusted retail sales volume fell by 1.2% in the euro area and by 0.9% in the EU, compared to the previous month, according to estimates by Eurostat, the office statistics of the European Union.
Down sharply from 46 in August to 44.1 in September, the HCOB PMI composite index of overall activity signals a new marked contraction in activity in the French private sector, the largest since November 2020.
Concerning the United States, operators should scrutinize this afternoon, in addition to the PMI and ISM services indices, the ADP survey which will give a first indication of the labor market in September, before the official report on Friday.
In the meantime, in stock news, Air France-KLM announces an agreement with the Scandinavian company SAS in which the group would take a stake of no more than 19.9% of the capital, and with which it would enter into cooperation commercial.
Airbus says United Airlines has placed an order for 60 additional A321neo aircraft, supporting its ‘United Next’ initiative to integrate new aircraft into its fleet, as well as standardize and improve its global network.
Sanofi announces a collaboration with Teva to co-develop and co-commercialize TEV’574, currently in phase IIb clinical trials for the treatment of ulcerative colitis and Crohn’s disease, two inflammatory bowel diseases.
Thales says it has completed the acquisition – announced last June – of Tesserent, one of Australia and New Zealand’s largest cybersecurity companies, following approval by its shareholders and other regulatory approvals.
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