The CAC40 confirms its stable trend towards 7000Pts following the release of numerous macro-economic data.

This morning, investors took note of the composite PMI indices for the past month in the eurozone and the main European countries, as well as industrial producer prices and retail sales in the eurozone for August.

At 47.2 in September (slightly revised from 47.1 in flash estimate), the HCOB composite PMI for overall activity signalled a fourth consecutive monthly decline in private sector activity in the eurozone.

As a reminder, the eurozone PMI had risen slightly to 47.1 in flash estimate, a level which however 'signalled a 0.4% fall in third-quarter GDP compared with the second quarter', according to the Hamburg Commercial Bank.

In August, compared with the previous month, industrial producer prices rose by 0.6% in the eurozone and 0.5% in the EU, according to Eurostat estimates, following declines in July of 0.5% in the eurozone and 0.7% in the EU respectively.

The volume of seasonally-adjusted retail sales fell by 1.2% in the eurozone and by 0.9% in the EU, compared with the previous month, according to estimates from Eurostat, the statistical office of the European Union.

Down sharply from 46 in August to 44.1 in September, the HCOB PMI composite index of overall activity points to a further marked contraction in activity in the French private sector, the biggest since November 2020.

In the United States, operators were awaiting in particular this afternoon the PMI and ISM indexes for services and the ADP survey, which gives a first indication of the labor market in September, before Friday's official report.

The US private sector saw its activity virtually stagnate in September, according to S&P Global, whose composite PMI index came in at 50.2 for the month just ended (revised from 50.1 in flash estimates), the same level as in August.

The US private sector generated just 89.000 new jobs in September, its slowest pace since January 2021, according to the monthly survey published on Wednesday by ADP.

In other stock news, Air France-KLM announced an agreement with Scandinavian airline SAS, in which the Group would acquire a stake of up to 19.9%, and with which it would enter into commercial cooperation.

Airbus reports that it has received an order from United Airlines for 60 additional A321neo aircraft, in support of its 'United Next' initiative to integrate new aircraft into its fleet, and to standardize and enhance its global network.

Sanofi announces a collaboration with Teva to co-develop and co-market TEV'574, currently in Phase IIb clinical trials for the treatment of ulcerative colitis and Crohn's disease, two inflammatory bowel diseases.

Thales reports that it has completed the acquisition - announced last June - of Tesserent, one of the largest cybersecurity companies in Australia and New Zealand, following shareholder and other regulatory approvals.


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