After two consecutive weeks of declines, the Paris Bourse began Monday morning's trading session with little direction, on the eve of what promises to be a quiet day due to the closure of the London Stock Exchange and Wall Street. The CAC 40 index is up by just 0.2% at 8116 points.

By dropping around 0.1% on Friday, to 8094 points, the Paris market had lost around 1% over the past week, making it the second week in a row of declines despite buoyant news, including strong results from Nvidia.

While the CAC still posted a gain of just over 7% since the start of the year, investors seemed inclined to take some profits in view of the uncertainty still surrounding the trajectory of Fed rate cuts.

For the same reasons, the Dow Jones ended a five-week bull run, which had taken it above 40,000 points for the first time in its history, by dropping more than 2% last week.

Market participants are hoping that the markets will manage to get back on track this week, thanks to the many indicators on the menu over the coming days.

In particular, the latest US PCE inflation figures will be published on Friday, along with the first estimate of May inflation in the Eurozone, also due on Friday.

In both cases, analysts are optimistic that disinflation will continue on both sides of the Atlantic, paving the way for further monetary easing.

Thursday's publication of a new estimate of US GDP will also be closely watched to learn more about the ongoing slowdown in US activity.

An initial estimate published at the end of April indicated that GDP had grown at an annual rate of 1.6% in the first quarter, compared with growth of 3.4% in the fourth quarter of last year.

In the meantime, trading volumes are likely to remain relatively limited this Monday in Paris, as the London Stock Exchange is closed for the Spring Bank Holiday and the day is also off in the USA for Memorial Day.

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