A day after dropping more than 0.9% to 7068 points, the Paris Bourse began the session close to equilibrium at 7060Pts, as a rather pessimistic reading of this weekend's agreement in Washington seems to prevail.

'It may have been a new quarter, but yesterday's session was another tough day for the markets, especially with a selling wave on bonds that showed no sign of letting up', recalls Deutsche Bank.

The latter believes that 'the absence of a shutdown this weekend was seen in a darker light as the day progressed, because while it eliminated a tangible risk to the economy, it also increased the likelihood of further rate hikes'.

Deutsche Bank points out that, according to futures contracts, the probability of a hike at the next FOMC meeting in November has risen from 19% on Friday to 28% on Monday, while that of a hike in December has risen from 39% to 51%.

On the value front, TotalEnergies and Borealis announce the start-up of their new Borstar® polyethylene unit. With a capacity of 625,000 tonnes per year, this new unit will double the current production of their Baystar joint venture at the Bayport site in Texas.

Sanofi announces that it has entered into an agreement with Janssen Pharmaceuticals, a subsidiary of Johnson & Johnson, for the development and commercialization of a nine-valent candidate vaccine against extra-intestinal pathogenic strains of E. coli developed by Janssen. coli pathogenic strains developed by Janssen.

Logistics property company Argan reports a 12% increase in rental income to 137 million euros for the first nine months of the year, and confirms its targets for 2023 as a whole.

The retail property company Carmila announces that it has issued a 500 million euro bond maturing in October 2028, with an oversubscription rate of 2.2 times, to finance the acquisition of Galimmo.

Kaufman & Broad reports net income (group share) of 45.5 million euros for the first nine months of its 2023 fiscal year, compared with 31.9 million euros for the same period in 2022, as well as a current operating income (ROC) rate improved by 0.8 points to 8%.

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