The Paris Stock Exchange remains above 7,400 points

The Paris Stock Exchange closed close to balance on Monday (-0.07%), after a rather wait-and-see session before a salvo of results expected this week and speeches by representatives of the American and European central banks.

The star CAC 40 index dropped some 5.46 points to 7,427.31 points. On Friday, the Paris Stock Exchange closed at its highest level since May 23 and gained 0.79% over the week.

“It’s a very calm day in a busy week, with the Federal Reserve (Fed) on Wednesday and the European Central Bank (ECB) on Thursday,” said Nicolas Budin, head of equity management in Europe at Myria AM.

The market spent part of the session down, after the publication of the S&P Global flash PMI index, which showed that private sector activity in France experienced its “strongest decline” in more than two and a half years in July, after already a sharp contraction in June, “signaling a continued deterioration in economic conditions”.

The American PMI index on industry, published in the afternoon, came out better than expected in July, although in contraction, which constitutes a positive signal for investors on the growth of the United States.

This latest publication has enabled the European index to approach equilibrium after having evolved in the red previously.

Plastic Omnium, the foot on the accelerator

The equipment manufacturer Plastic Omnium gained 2.91% to 19.12 euros after announcing a very good first half thanks to the resumption of automobile production.

Stellantis and Samsung are planning a second battery factory in the United States

Stellantis (+ 1.48% to 16.76 euros) and Samsung plan to build a second battery factory for electric cars in the United States, the two groups announced on Monday.

Green light for Orpea’s safeguard plan

Orpea closed up 1.82% at 1.82 euros. On Monday, commercial justice gave the green light to the retirement home giant’s safeguard plan. The group should be able, from November, to erase part of its debt and come under the control of a group of shareholders led by Caisse des Dépôts.

Icade reviews its catalog

Icade fell 1.60% to 36.88 euros. The group engaged in the sale of its large portfolio of hospitals and clinics, has begun a review of its assets in office real estate in order to sell or transform those that have become obsolete, its managing director, Nicolas Joly, told AFP.

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