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(CercleFinance.com) – The Paris Bourse should open slightly lower on Wednesday, investors seeming on the defensive before a new wave of corporate results.
Around 8:15, the future contract on the CAC 40 – May delivery – fell by 12 points to 5523 points, announcing a rather cautious opening.
The circumspection of investors is all the more justified because the indexes are now back to their record levels.
Assuming 0.2% yesterday, the Paris market has pulverized a new annual record at 5592 points.
On Wall Street, the S & P 500 yesterday signed its best historical close, well above 2933 points.
Unlike US markets, European markets can not, however, rely on a season of quality results. The performance of Credit Suisse, Novartis, SAP or STMicroelectronics today will be decisive.
Yesterday, a series of strong account publications were released, including better-than-expected revenue for Twitter, which lifted its shares by 15%, while Hasbro and Coca-Cola also released results. robust, which has boosted the market's morale, 'says Danske Bank.
"About 80% of companies belonging to the S & P 500 have so far published performance above expectations, which boosts the market despite US economic indicators still very low," says the Danish bank.
Another slew of results is expected today, including those from AT & T, Caterpillar and Visa in the United States.
However, it is Boeing's mid-day accounts that will receive the most attention, given the 737 MAX's difficulties following the recent accidents at Lion Air and Ethiopian Airlines.
Investors will also be keenly interested in the mid-morning publication of the Ifo Business Climate Index in Germany, which is expected to reveal more about the health of Europe's leading economy in the early days. second quarter.
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