After briefly testing the resistance of 8250 points, and setting a new all-time record at 8253 points this morning, the Paris Bourse erased its gains and fell back to equilibrium at 8210 points, despite the performances of TotalEnergies (+2.7%) and STMicro (+1.6%) in particular.

Back from the Easter long weekend, the markets are still digesting the rather reassuring US inflation figures published on Friday.
Core inflation (excluding energy and food) rose at an annual rate of 2.8% in February, compared with 2.9% in January.

This is the lowest level since 2021, when inflationary pressures first began to emerge after the Covid crisis.

These figures - which confirm the slowdown in inflation across the Atlantic - could prompt the Federal Reserve to lower rates in the near future.

Still on the statistics front, in France, the PMI HCOB buyers' index for manufacturing industry, produced by S&P Global, came in at 46.2 in March: down from an eleven-month high of 47.1 in February, it highlights a sharp deterioration in the sector's economic situation.

Meanwhile, at 46.1 in March, the HCOB PMI for eurozone manufacturing industry, produced by S&P Global, was down on February (46.5) to its lowest level for three months.

The downturn was due to the movement in supplier delivery times and purchasing inventories, while production fell by the smallest amount since April 2023 and the decline in new orders slowed for the fifth consecutive month.

Markets will be paying close attention to Fed Chairman Jerome Powell's speech on Wednesday on the economic outlook at a forum organized by Stanford University (California).

A new episode of tension between Israel and Iran is also pushing up oil prices and safe-haven stocks following strikes by Tsahal on the Iranian consulate in Damascus, which left several people dead.

In news from France, Airbus announces that Korean Air has become a new customer for its wide-body A350s, following the signing of a firm order for 33 aircraft in this family, including 27 A350-1000s and six A350-900s.

Eutelsat Group announces the successful weekend launch and deployment into geostationary transfer orbit (GEO) of the Eutelsat 36D satellite, aboard a SpaceX Falcon 9 rocket from launch pad 39A at the Kennedy Space Center in Florida.

Voltalia reports net income, group share (RNPG) of 29.6 million euros for 2023, compared with a loss of 7.2 million in 2022, benefiting from a 76% increase in EBITDA to 241.1 million, representing a margin improvement of almost 20 points to 48.7%.




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