The Paris bouse is down nearly 0.7% this morning, at 7650 pts, erasing much of its gains of the previous day (+1%), penalized in particular by Airbus. The European aircraft manufacturer dropped more than 10% following the publication of updated forecasts for 2024.

The aircraft manufacturer is now expecting only 770 aircraft deliveries this year, compared with 800 up to now.

It should be noted that the modest rebound achieved by the Paris market over the past week will also be put to the test over the next few days by a series of important events, not only on the economic front, but above all on the political front.

Investors should refrain from taking overly outspoken positions while awaiting the first round of parliamentary elections in France, the outcome of which will prove decisive for the country's future.

Whatever the outcome of the elections, the teams at Apicil, a specialist in asset management, expect a political risk premium to persist in France over the coming year.

Since the announcement of the dissolution, the markets have corrected significantly, but in a coherent manner", says the social protection group.

Risk-taking remained limited ahead of Friday's release of the PCE price index, a measure of inflation particularly closely watched by the Fed.

Investors are also eagerly awaiting the first debate between Joe Biden and Donald Trump, scheduled for Thursday evening, in the run-up to November's presidential election.

On the bond front, however, the week got off to a good start, with the spread between French OATs and German Buns narrowing to 76 basis points.

On the US market, the yield on 10-year Treasuries fell to 4.24%.
Oil prices stabilized after rising for two weeks in a row. Brent North Sea crude is stable at around $86 a barrel.

The agenda will be light on indicators, with only the Conference Board's consumer confidence index due to be released in the US in the afternoon.

In French corporate news, Société Générale has announced the completion of its share buyback program launched on May 27: 11,718,771 ordinary shares have been bought back by the bank for a total of €279.8 million, and will be cancelled shortly.

Air Liquide plans to invest up to $850 million to build, own and operate four large modular air separation units and related infrastructure at the largest oxygen production facility in the Americas.

Capgemini reports that it has signed an agreement to acquire D+I, one of Australia's leading product design and development consultancies, with R&D laboratories in Sydney, Melbourne and Newcastle.

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