The Paris Bourse (-0.7%) is slowly but inexorably getting heavier, with no real downward pressure given the anemic volumes since the opening (880MnsE)... but even without pressure, the CAC40 is falling quite sharply below 7,000.000, ending up at its lowest since October 4, with a floor of 6.950 looking very fragile.
Below that, the CAC could only rely on 6.885, the former floor of last March 15.
If the CAC were to remain below the former support level of 7050 points, this would be synonymous with a possible short-term acceleration of the downward trend, still likely to drive the index towards its annual lows.

The Paris market and the E-Stoxx50 erased the previous day's anecdotal 0.3% rise, weighed down by the prospect of a consolidation session on Wall Street, which has just reopened down -0.5%.

On the figures front, Tuesday saw the publication of the ZEW index of economic sentiment in Germany, which rebounded from -10.3 points to +1.1 points, matching its August levels.

We seem to have passed the low point. There is a noticeable slight rise in the economic expectations of financial market experts in October 2023. On the other hand, the assessment of the current economic situation in Germany has hardly changed.
Increased economic expectations are accompanied by expectations of a further fall in inflation rates and the fact that more than three quarters of those surveyed now expect stable short-term interest rates in the eurozone,' explains Achim Wambach, President of ZEW.
In addition, the assessment of the economic situation in Germany has stabilized.
The corresponding indicator has fallen slightly by 0.5 points and currently stands at minus 79.9 points.

After a 0.8% increase in August, retail sales in the USA rose by a further 0.7% in September, well ahead of analysts' expectations (+0.2%).

Excluding automobiles and fuels, retail sales rose by 0.6%, testifying to the healthy state of consumer spending, which remains the main driver of the US economy.
US industrial production rose by 0.3% in September, against expectations of a 0.1% increase (after a 0.3% rise in August, revised upwards to 0.4%).
The "TUCI" (industrial capacity utilization rate) rose from 79.5% in August to 79.7% in September.

On the "quarterly" front, the news becomes very dense as of today: in Europe, Ericsson unveiled this morning a quarterly performance in line with its targets, but warned that the "uncertain" economic environment would persist until 2024.

In the U.S., several major companies such as Bank of America, Goldman Sachs and Johnson & Johnson published their financial statements before the Wall Street opening.

Yields on US ten-year Treasuries have risen sharply, by 12pts to 4.8300%, a movement imitated by benchmark bonds in Europe with +10pts on our OATs and Bunds at 3.5046% and 2.87%.

The Dollar is currently down -0.2% at 1.0560E.

On the energy market, oil prices are consolidating horizontally (at $90 for Brent) after their sharp rise last week, at the end of a weekend marked by a lack of escalation in the Middle East.

US light crude (WTI) is down 0.1% at $86.6 a barrel.

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