CAC40: hopes of a lull after two difficult sessions
As a reminder, the world's stock markets were largely depressed on Monday, as illustrated in particular by Tokyo's plunge of over 12%, followed by falls in European and US indices, against a backdrop of anxiety about the US economy.
"Despite the weakness of the latest labor market data, we believe that a soft landing remains the most likely outcome for the economy", moderates Stephen Brown, deputy chief economist for North America at Capital Economics.
Nevertheless, the risk of a hard landing has increased, while the market's disorderly reaction - if it continues - could prompt the Fed to ease policy sooner than expected", he continues.
Today's statistics include German industrial orders, followed by eurozone retail sales in the morning, before the US trade balance in the early afternoon.
In other stock news, Vallourec announces the completion of ArcelorMittal's acquisition of the Apollo funds' entire stake in the tube manufacturer, for a total purchase price of 955 million euros.
Credit insurer Coface reported a 10.4% increase in net income, group share, to 142.3 million euros for the first half of 2024, on sales down 3.8% to 922.7 million (-3.1% in organic terms).
The Clariane nursing home group reported a net loss from continuing operations of three million euros for the first six months of the year, on sales up 6.1% to 2.64 billion (+6.8% organic).
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