After opening sharply higher yesterday, in the wake of new support measures in China and the deceleration of the job market in the United States, the gains have gradually reduced in Europe, with the persisting tensions on the bond market, and the CAC40 finally closed down 0.24% at 7279 points.
Regarding stocks, Téléperformance gained 2.09%, Thalès 1.07%, Michelin 0.65% with EssilorLuxottica while Saint Gobain lost 3.14%, Société Générale 1.67%, Bouygues 1.07M and Veolia 1.01%.
Wall-Street was closed for Labor Day.
Today, the Parisian market should start the session down slightly by 0.2%.
The Caixin PMI services index came out at 51.8 in China (54.1 last month). Traders will take note of the PMI indices in the euro zone this morning then the PPI index at 11 a.m., before the American industrial orders at 4 p.m.
Technically, the configuration is deteriorating. A bearish bias remains favored below 7320 points, a level corresponding to the moving average at 8 p.m. In the absence of preservation of the zone of 7264 points, the next bearish objectives would be set at 7234/7200 points.
2023-09-05 06:00:11
#red #waiting #return #York
