The Paris Bourse ready to go up at the opening

(Photo credits: – L. Grassin)

The Paris Bourse was heading for a small upward opening on Tuesday, rebounding after a decline the day before in a context divided between the increase in Covid-19 contamination and the prospect of a massive fiscal stimulus in the United States.

The futures contract on the flagship CAC 40 index gained 0.11% about 40 minutes before the opening, the day after a close down 0.78%.

Wall Street also ended lower, with the Dow Jones losing 0.29%, the Nasdaq 1.25% and the S&P 500 0.66%.

Europe is ready for a modest rebound,” said David Madden, analyst for CMC Markets UK, in reference to the technical decline of the day before, preceded by a strong increase last week.

These erratic increases in the indices reflect the changing mood of investors.

The statistics of positive cases for Covid-19, which now exceed the 90 million recorded, are panicking around the world, due to more contagious mutations of the virus. In this context, massive vaccination campaigns will not be enough to guarantee collective immunity in 2021, the WHO warned on Monday.

On the US fiscal front, the prospect of a massive stimulus by future President Joe Biden reassures investors, which was reflected in the indices last week.

But with the prospect of several hundred billion dollars pouring out to businesses and the American public, fears of rising inflation have blossomed this week. The rise in prices could eventually lead to a tightening of the monetary policy of the American Central Bank (Fed), a prospect which does not please investors.

Among the values ​​to follow on Tuesday:

The environmental services group Suez announced on Monday that it had signed an agreement with its Hong Kong partner NWS Holding Limited to buy back its shares in their joint ventures Suez NWS and Suyu for 693 million euros.

The companies Engie and Neoen unveiled on Monday a giant project for an “energy platform” in Gironde, which includes a huge photovoltaic park with a power of one gigawatt.

alb / soe / spi


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