The Paris Bourse opened on a slightly positive note on Monday, although the absence of any major new catalysts prompted investors to adopt a cautious approach. Asian markets, meanwhile, are under pressure in the face of global economic concerns, particularly in China. The luxury goods sector, heavily exposed to geopolitical tensions and uncertain growth in Asia, also performed disappointingly.
CAC 40 : a cautious opening
While last week saw the Paris market close in on its all-time highs, the opening of this week’s trading at 8,161.53 points may seem somewhat disappointing. This level can be explained by investors’ restraint, as no major political or economic events are expected in the coming days. The expected release of Wall Street inflation figures on Wednesday, along with producer price data on Thursday, could be the rare elements capable of energizing the markets.
Despite the absence of any new short-term prospects, the underlying trend remains positive. Since the beginning of the year, the CAC 40 has posted a performance of +10%, bringing it close to its all-time record of 8,259 points. However, this increase does not necessarily mean that European economies are outperforming the US. Some analysts believe that this dynamic is more the result of a change in sentiment regarding the economic outlook on both sides of the Atlantic.
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