After opening higher at 8070 points (+0.5%), the Paris Bourse stalled, losing almost 0.2% around 8010 points, despite notable performances from Edenred (+4.5%), Teleperformance (+1.9%) and URW (+1.7%)

The earnings season will start in full swing in the US this week, with results from tech titans Microsoft, Meta Platforms and Alphabet, which could offer a second wind to the markets.

We believe that the recent risk-averse backdrop and correction in tech stocks represents a clear buying opportunity ahead of the upcoming results," says Dan Ives, analyst at Wedbush Securities.

The question is whether strong results will be enough to drive further gains for the 'Magnificent Seven', which have already significantly outperformed the market in recent months, and which boast high valuations.

As a reminder, last week Netflix published figures that were broadly in line with expectations, but this did not prevent the share price from dropping 9% after soaring in recent months.

Beyond earnings, investors will continue to keep an eye on inflation with Friday's release of the US PCE index, the Fed's preferred indicator of price dynamics.

Before that, the publication - on Thursday - of the first US gross domestic product (GDP) figures for the first quarter will be closely watched.

The consensus forecasts a slight slowdown in growth, to 2.9%, following the 3.4% recorded in the fourth quarter.

In French company news, GTT reported Friday evening an 81.2% increase in sales to 144.8 million euros for the first quarter of 2024, of which 133.2 million related to new construction, three million to the Elogen electrolyser business and 8.6 million to services.

TotalEnergies announces the final investment decision for the Marsa LNG project, in which it holds an 80% stake alongside the Omani national oil company OQ (20%).

Technip Energies reports that it has won a "substantial" contract (between 500 and 1000 ME) for the development of this project.

Nexans reports that it has signed a four-year emergency preparedness and response contract with Equinor, covering turnkey repairs to various cable systems with a total length of almost 3,000 km.

STMicroelectronics announced on Monday that it had extended its silicon carbide (SiC) wafer supply agreement with SiCrystal, a subsidiary of the German industrial group Rohm.

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