The Paris stock market barely scraped by 0.1% around 7330 points on this Whit Monday, as several major financial markets, such as London and New York, remain closed today.

Under these conditions, trading is likely to be particularly limited on the few European markets that will be open, such as Paris, especially as there are no economic indicators on today's agenda.

Over the next few days, investors will be paying close attention to the US debt ceiling issue. For the record, the cut-off date is June 1, i.e. Thursday, the day after which the federal government would no longer have sufficient funds to pay its bills.

'Despite the current tensions on the markets, we expect the debt ceiling negotiations to come to a successful conclusion', reassures Grant Bowers, manager of the FTF Franklin US Opportunities fund at Franklin Templeton.

Björn Jesch, Global Investment Director at DWS, confirms that "a US default remains extremely unlikely".

In French company news, TotalEnergies has announced that ConocoPhillips has notified us that it has exercised its pre-emptive right to acquire the 50% interest in the Surmont asset held by TotalEnergies EP Canada Ltd.

TotalEnergies also announced the renewal for 20 years of the production license for Block OML 130, located 150 km off the coast of Nigeria, containing the prolific Akpo and Egina fields, brought on stream in 2009 and 2018 respectively.

Orpea announced on Friday evening that it would be convening its creditors and shareholders to approve its accelerated safeguard plan.

Finally, Icape Holding announced the acquisition of the operating assets of Heissenberger Leiterplattentechnik (HLT), a German distributor of printed circuit boards, through its subsidiary Icape Deutschland, financed 100% in cash.



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