The Paris stock market remains close to its equilibrium point, at 7330 points (-0.1%), in a market deserted by investors during this summer period, with less than 800 ME traded since the opening.

There were no statistical releases on the agenda on the eve of the Assumption Day holiday, which will see the Milan and Vienna stock exchanges remain closed.

The summer trough is a traditionally calm period for the markets, which generally tend to stick to the trends of the previous week.

This year, the characteristics are as follows: a soft landing scenario is gaining strength in the US, but activity is clearly losing momentum in Europe, supporting the dollar and weakening the euro.

Bond yields remain at very high levels, penalizing the equity market: in the USA, the yield on t-bonds has reached 4.19% (+0.7 pt), while in Europe the German bund has reached 2.64% (+0.9 pt) and the French OAT 3.18% (+0.9 pt).

In French company news, Canal+ Group, Vivendi's television subsidiary, announces the arrival in France of the DAZN sports service in its sports offerings as of August 12, as well as the distribution of the Canal+ Ligue 1 channel in the DAZN application.

Valneva announces that the US FDA has moved its target date for completing regulatory review of the marketing authorization application for VLA1553, its chikungunya vaccine candidate, from the end of August to the end of November.

RCI Banque, the Renault group's financing subsidiary, announced on Monday that it had reached an agreement to sell its Russian leasing subsidiary to Insight Investment Group.

Egide announced on Monday its intention to launch a capital increase to kick-start the turnaround of its US subsidiaries, which it had previously planned to sell off, an announcement that sent the hermetic enclosure manufacturer's share price tumbling.


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