The Paris stock market gained almost 0.2% this morning, around 8185 points, helped by Air Liquide, Teleperformance and TotalEnergies (between +1.1% and +1.3% each), at the start of what promises to be a quiet session on this Pentecost bank holiday.

As a reminder, the Parisian index fell by 0.6% last week, the victim of some profit-taking after its latest all-time highs.

The underperformance of the CAC, which repeatedly stalled below its major resistance of 8250 points, contrasts with the continuing surge of the US indices.

Wall Street has just posted its fifth consecutive week of gains, a performance which enabled the Dow Jones to close above the 40,000-point threshold on Friday evening for the first time in its history.000 points for the first time in its history.

Against this backdrop of optimism, Nvidia's results - to be released on Wednesday evening - will be the focus of investor attention, as they will determine the ability of the technology sector to continue to drive the markets higher.

Analysts are expecting better-than-expected performances from the Californian processor manufacturer and an increase in its annual targets, as is the group's custom.

Beyond its forecasts, professionals also want the group to prove its ability to preserve its undisputed 'leadership' in the AI segment, perhaps with the announcement of new projects.

Good news would undeniably confirm the favorable direction of tech stocks, particularly those focused on artificial intelligence.

While Nvidia's share price has gained over 86% since the start of the year, some investors are beginning to question its remaining upside potential.

Market participants will also be keeping an eye on a whole series of statistics, starting with the European PMI indices due on Friday, which will tell us more about the economic recovery on the Old Continent.

Statistics will be rarer in the United States, although the minutes of the Federal Reserve's latest monetary policy meeting will be closely followed on Wednesday evening.

In recent weeks, markets have reacted positively to slowing inflation and weaker-than-expected indicators from the US, as they augur well for further rate cuts by the Fed.

While the adage 'Bad news is good news' is currently dominant, some strategists are wondering whether a context of softer growth could end up having a negative impact on world stock markets.

The question now is: how long can negative macroeconomic news continue to support equity valuations?" asks Florian Ielpo, Head of Macroeconomic Research at Lombard Odier Investment Managers.

"It seems that falling interest rates are no longer enough to support the markets, which raises the spectre of potential pitfalls", warns the professional.

In French company news, Danone announced on Friday evening that it had completed the sale of its EDP activities (dairy and plant-based products) in Russia to Vamin R LLC, following receipt of the required Russian regulatory authorizations, as announced on March 22.

Eiffage reported on Friday evening that over 57.000 employees have subscribed, via the FCPE Eiffage Actionnariat Relais 2024, to its capital increase reserved for employees announced on February 28.

Alstom announced that the first four tramsets for Nantes Métropole's T1 tramway project went into commercial service on Saturday, as part of the gradual replacement of the 46 TFS streetcars that have been running in Nantes since 1984.

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