As on the previous day, the Paris stock exchange posted a decline of -0.3% to -0.4%, and volatility has been virtually nil since 11:00 a.m. (as it was yesterday).
The CAC40 fluctuated between 6,975 and 6,990, penalized in particular by Alstom and Worldline (-2.5%), Renault (-3.5%) and Edenred (-4.8%).
The Euro-Stoxx50 is also down -0.4% (to 4,140), while Wall Street has reopened without any direct action and is still stagnating after 30 minutes of trading (negative spreads of less than 0.1% on the 3 main US indices).

Analysts stress that the current environment remains sufficiently fragile for caution to prevail for the time being.
Many strategists point out that macroeconomic forecasts are becoming increasingly gloomy, which could adversely affect stock market performance in the months ahead.

Few figures on the agenda this Tuesday: the US trade deficit widened to -$61.5 billion in September (vs. $58.7 billion in August, revised from an initial estimate of $58.3 billion), according to the Commerce Department.

This 4.9% month-on-month widening of the deficit reflects a 2.7% increase in US imports of goods and services, to $322.7% bn, outstripping a 2.2% rise in exports, to $261.1 bn.
US T-Bonds eased by -6.6pts to 4.60%, with identical spreads observed in Europe after a +10 to +11pt deterioration the previous day.

On the foreign exchange market, the euro lost 0.45% against the greenback, to $1.0675.

The "fact of the day" could be the heavy fall in the price of Brent crude, down -3%: a barrel is trading at $82.7.

In other French company news, Teleperformance last night reported Q3 sales of ME 1989, down 3.3% on a reported basis on the same period a year earlier.

The Group is targeting organic growth of around +6% (excluding the impact of currency volatility in hyperinflationary countries) and an EBITA margin target of 16% for 2023.

Capgemini announces third-quarter 2023 sales of 5.48 billion euros, down 1.3% on a reported basis, but up 2.3% at constant exchange rates and 2% organically.

On the occasion of its quarterly publication, Engie raised its 2023 guidance, with recurring net income attributable to the Group now expected to be between 5.1 and 5.7 billion euros (instead of 4.7 to 5.3 billion), while reaffirming its dividend policy.

Finally, Saint-Gobain announces that it has signed a 14-year renewable electricity purchase agreement (PPA) with Alpiq Energie France, covering the purchase of electricity generated by two solar farms located in Moselle.

Copyright (c) 2023 CercleFinance.com. All rights reserved.