Paris Stock Exchange rebounds slightly

The Paris Stock Exchange experienced a slight rebound on Monday, with the CAC 40 rising by 0.83% to 7,847 points, driven by a relaxation in bond yields. This increase followed concerns over French government debt and the possibility of a credit rating downgrade.

Moody's maintains French debt rating

Moody's kept the French debt rating at Aa3, contrary to fears of a downgrade, while the yield on the ten-year French government bond fell below 5%, and the spread with Germany narrowed to 161 basis points. Despite this relief, Moody's maintains a negative outlook on France due to its budgetary difficulties.

Artificial intelligence regains momentum on Wall Street

On Wall Street, artificial intelligence regained momentum as Anthropic, the creator of Claude, revealed its prospectus for an initial public offering, showing spectacular revenue growth but also massive losses. This development reignited interest in the sector, with Nvidia, Microsoft, and Amazon all rising in value.

Brazilian stock market plunges after Lula's re-election

In contrast, the São Paulo Stock Exchange plunged nearly 17% after the surprise re-election of Lula against Flávio Bolsonaro. The drop caused a suspension of trading for thirty minutes, while the real fell against the dollar, marking a striking contrast with the relief observed in Paris.

GTT stock falls after weak quarterly results

GTT, a French specialist in liquefied natural gas transport technologies, saw its stock plunge 11.66% to 181.10€ after a publication below expectations. Its revenue reached 183 million euros in the third quarter, 7% less than forecasts, and over nine months, revenues declined by 4.9% to 570 million euros.

Valeo stock rises after three days of decline

Valeo rose 3.25% to 11.75€ after three consecutive sessions of decline that cost it 16%. On Friday, the stock fell 11.54% after a disappointing quarterly publication with sales down 2.6%. Valeo maintains its annual targets but is more cautious about profitability in the second half of the year.

SBF 120 rankings show mixed performance

In the SBF 120 rankings, the strongest gains were Inventiva (+10.29%), Nanobiotix (+9.46%), and Eutelsat (+8.59%), while the strongest declines were GTT (-11.66%), Pluxee (-4.09%), and EssilorLuxottica (-3.42%).

Nanobiotix sees surge after clinical results

Nanobiotix saw a new surge, rising 9.46% to 28.22€ after the publication of encouraging clinical results in the treatment of advanced melanoma. Its experimental treatment, developed with Johnson & Johnson, showed a response rate of 41.7%, with four complete disappearances of visible lesions.

Bilendi faces tough period on the stock market

Bilendi, a French specialist in market research and data collection, is going through a particularly difficult period on the stock market, with the stock losing more than 55% of its value since the beginning of the year, bringing its market capitalization to around 37 M€.

Lula's re-election triggers fears in Brazil

The surprise re-election of Lula, with 51.8% of the votes against conservative Flávio Bolsonaro, caused a violent drop in Brazilian assets. The São Paulo Stock Exchange plunged nearly 17%, while the real lost more than 10% against the dollar. Investors largely bet on a victory for Bolsonaro, whose program promised tax cuts, privatizations, and a reduction in public spending.

Busy week ahead for global markets

A busy week awaits the markets, with the Fed's decision on Wednesday and the ECB's decision on Thursday. Central banks from Canada and Japan will also be on the agenda, along with the first estimates of third-quarter growth and the American PCE index. Corporate results from several major firms will be published in both Paris and the United States.

American economy in focus before Fed's verdict

Tomorrow, the American economy will be at the center of attention ahead of the Fed's verdict. Durable goods orders and consumer confidence will be published, with the consensus expecting a new decline to 80.9 points amid high oil prices and persistent inflation. Orange and Saint-Gobain will publish their quarterly sales, with investors awaiting details on Orange's recent network outage and the recovery of European construction.

Understanding the PCE index

The PCE index, or Personal Consumption Expenditures, is an American inflation indicator that measures the evolution of prices of goods and services consumed by households. It is used to determine whether the cost of living is increasing and at what rate in the United States. It is published every month and closely followed by the American Federal Reserve, the Fed, because it is one of its favorite benchmarks for deciding whether to raise, lower, or maintain interest rates.