The Paris Bourse is down nearly 1% this morning, to 7355 pts, penalized in particular by the decline in the luxury goods sector, with -4.6% for Kering, -2% for LVMH and -1.5% for Hermès.

Investors are awaiting the publication of new indicators that could enable them to assess the ECB's next projects.

It's hardly surprising that the Old Continent's indices are stagnating: not only have they been battered lately by political uncertainty, but also by sluggish growth and disappointing corporate results.

In these conditions, investors should be keen to turn their attention to economic indicators over the coming weeks.

A number of key data points will be published in the coming days, ahead of the ECB's December interest rate decision, which could either be a 25 basis point rate cut or a 50 basis point cut.

Faced with a sluggish economy, markets are relying heavily on the prospect of a more accommodative monetary policy from the ECB, with the hope of a potentially more aggressive rate cut.

But the possibility of the ECB stepping up its pace of rate cuts is not yet part of the central scenario, given the divergent mindsets that currently seem to reign within the institution.

After coming in at 1.7% in September, inflation in the eurozone came in at an annualized 2% in October, which seems to make a 50-point drop in December less likely.

On the statistics front, in Germany, the ZEW index of investor sentiment - expected later this morning - should reflect the impact of the political crisis caused by the breakdown of the tripartite coalition last week.

Meanwhile, Germany's inflation rate - measured as the change in the consumer price index (CPI) compared with the same month a year earlier - has been confirmed by Destatis at 2% for October 2024, compared with 1.6% the previous month.

On the bond front, 10-year US T-Bonds are trading at around 4.37% (+1.9 pt), while the German Bund with the same maturity is stable at around 2.33%.

In French company news, Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), reports the successful launch of the Koreasat 6A telecommunications satellite aboard a SpaceX Falcon 9 rocket from Cape Canaveral Air Force Station, Florida.

Getlink announces that LeShuttle carried 147,919 passenger vehicles in October 2024, down 12% on the same month in 2023, which had nevertheless benefited from the impact of the Rugby World Cup.

Copyright (c) 2024 CercleFinance.com. All rights reserved.