The stock exchange in Paris (CAC 40) is hesitant, investors’ attention is directed towards London and the presentation of the budget of the new British Chancellor of the Exchequer. The New York Stock Exchange ended lower on Wednesday: the Dow Jones lost 0.12%, the tech-heavy Nasdaq lost 1.54% and the broader S&P 500 lost 0.83%. After being reassured by the slowdown in US inflation, investors are now wondering about developments in US spending, with negative signals from distributors, notably the drop in Target’s year-end holiday sales targets. The CAC 40 may soon experience renewed volatility.
The stock market: “Is the hardest part over for Gafa and the Chinese tech giants?”
Although the next meeting of the US central bank is still a long way off (mid-December), investors are also paying attention to all the signals that the institution’s officials may send about the upcoming monetary policy tightening. In addition, it is particularly based on the health of the labor market, and the weekly figures for applications for daily allowance will provide new elements to measure it.
CAC 40: The dividend peaked in 2021
In Europe, attention will also be on London: British Chancellor of the Exchequer Jeremy Hunt is preparing to unveil a budget on Thursday to fix the country’s finances, amid an economic crisis. At the end of September, the presentation of a first budget spooked the markets, led to the fall of the pound and required intervention from the Bank of England. In the end, he had cost his seat to Prime Minister Liz Truss, since replaced by Rishi Sunak. In the Eurozone, we await confirmation of inflation figures for October, which had been estimated at 10.7%.
>> Buy and sell your investments (stock market, cryptocurrencies, etc.) at the right time thanks to Momentum, Capital’s investment letter and technical, economic and financial analysis newsletter. And right now, with promo code CAPITAL30J, take advantage of a free trial month.
Among the values to be followed
Bouygues: The construction group confirmed its financial targets in its third quarter results. In the first nine months of the year, net profit fell by a third to 537 million euros.
Française des Jeux (FDJ): the betting group announced on Thursday that it aims for an average annual growth in its revenue from 2022 to 2025 “at the top of a range between 4% and 5%” and has reached an agreement to acquire The ZEturf group, at the start of a day to present its strategy to investors.