CAC 40: stock market to a new record, ECB expected to turn the corner after growth figures

THE CAC 40 It is expected to be almost flat at the session open on Tuesday 30th January as the markets wait impatiently. European macroeconomic indicators and the first results America’s tech giants. The CAC 40 could reach a new record high if the index surpasses the previous session’s high of 7,653.99 points, reached on December 14.

On Monday, the Paris rating gained 0.09% to end at 7,640.81 points, and new album it will be closed after friday. The macroeconomic agenda is busy in Europe, with the publication of growth figures for several countries and the Eurozone in the fourth quarter of 2023. This data will feed the forecasts. “The market on the date of the first rate cut by the European Central Bank”warns CMC Markets analyst Michael Hewson.

“A recession in the Eurozone would be a big blow to the ECB”

in france GDP remained stable in the fourth quarter of 2023 and grew 0.9% throughout the year, announced INSEE. According to forecasts by analysts polled by Factset, eurozone GDP is expected to fall by 0.1% in the fourth quarter, after a contraction of the same size in the third quarter. The Eurozone could therefore be “technical recession”what “It would be a hard blow for the ECB, which has always insisted that Europe was not in recession”points out Michael Hewson.

On the other side of the Atlantic, the meeting of the monetary policy committee of the American Federal Reserve (Fed) will begin this Tuesday for two days, and at the end, according to the forecasts of analysts, it should remain. its key rates unchanged. Investors, however, are hoping for clues about the timing of rate cuts in the coming months. On the business side, markets are eagerly awaiting the results of America’s tech giants: Alphabet, the parent company of Google, and Microsoft will publish quarterly accounts after Wall Street close on Tuesday, followed by Apple, Amazon and Meta. , Facebook’s parent company, on Thursday.

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Values ​​to follow

Renault : Announced since 2022 and scheduled for spring, the IPO of Ampere, Renault’s electric car offering, is finally called off. The French automobile group justifies this decision “Current Market Conditions” MOE”they are not united to continue the IPO process and to best serve the interests of the Renault Group, its shareholders and Ampere..

Hermès: powered by LVMH, how far will the CAC 40 luxury giant go?

Sodexo : Shareholders of collective hospitality giant Sodexo voted Tuesday on a proposed spinoff of Pluxee, the group’s employee benefits arm, which includes meal vouchers and should take its first steps on the stock market.

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