The Paris Bourse is expected to rebound on Monday at the opening after the losses recorded on Friday against a backdrop of fears over the new Omicron variant of the coronavirus which are strengthening all over the world. The CAC 40 index futures contract represents 1.22% forty minutes before the opening of the session. On Friday, like its European consumers, the Parisian rating had fallen by 4.75% in a context of nervousness due to the spread of the new Omicron variant which is pushing more and more countries to once again close their borders to travelers foreigners.
“European indices should open higher this morning in a technical rebound pending more information regarding the spread and the dangerousness of the new form of Covid-19 called Omicron”, John Plassard, investment manager at Mirabaud. “Given the uncertainty about the new variant, the trend could easily and quickly change in both directions” during the session, warns Ipek Ozkardeskaya, analyst at Swissquote.
G7 Health meetings are meeting urgently in London on Monday amid the concern of ministers by the spread of this new variant that the World Health Organization classified on Friday as “worrying” and which represents a “high risk” very high ”for Europe, according to the European Union health agency. Virus aside, many data will decorate this first week of December, with this Monday, the first estimate of the consumer price index for November in Germany, statistics on real estate in the United States.
The PMI leading indicators of economic developments will then be published in China, the rest of Asia and Europe, where inflation and retail sales in the euro zone will be put in place at the end of the week.
Values to follow
LVMH : the American designer Virgil Abloh, creator of the Louis Vuitton men’s collections, died Sunday of cancer at the age of 41.
Vivendi : the boss of Telecom Italia, of which Vivendi is the main shareholder, resigned on Friday. Luigi Gubitosi was replaced by Pietro Labriola, who headed the operator’s Brazilian activities.
Faurecia : the automotive supplier on Monday announced goodbye once again to lowering its financial targets for 2021, due to a further decline in automotive production in Europe as well as “operational difficulties” in a project in the United States . He now anticipates sales between 15 and 15.5 billion euros against around 15.5 billion euros previously.