After spending most of the session in close proximity to its equilibrium point, the CAC40 ended the session with a small surge, gaining 0.35% in the very last minutes of trading, to 7,275 points.

The Paris index benefited in particular from the dynamism of Edenred (+3%), followed by Teleperformance and Schneider Electric (+1.6% each).

It also followed in the wake of Wall Street, where the Nasdaq gained 1.7%, ahead of the S&P500 (+1.1%) and the Dow Jones (+0.5%).

After a buoyant first half of the year, investors still seem intent on catching their breath at the start of a second half that could prove even more turbulent.

However, a number of crucial questions remain unanswered: how will the US economy evolve over the coming months, and how will the Fed react to the slowdown in activity on the horizon?

"The publication of US producer prices will give a foretaste of the consumer price figure, which is the highlight of the week", points out Christopher Dembik, Investment Advisor at Pictet AM.

Expected on Thursday, the US retail sales indicator should test the strength of US household consumption, the country's main growth driver.

In the meantime, markets took note late this morning of a marked deterioration in the economic outlook in Germany, where the ZEW indicator contracted again this month, after posting its first decline in a year in July.

Calculated on the basis of a monthly survey of up to 300 financial market experts, it came in at 19.2 for August, down from 41.8 the previous month, and thus back to its lowest level since January (15.2).

Elsewhere in the US, the Labor Department reports that producer prices rose by 0.1% in July compared with the previous month, and even by 0.3% excluding food, energy and commercial services.

Against this backdrop, yields continue to ease, betraying a flight to quality ahead of the release of crucial indicators in the second half of the week.

The yield on 10-year Treasuries is back at around 3.87% (-3.5 pts), an almost one-year low, while the yield on the German 10-year is at 2.18%.

On the Forex market, the euro is gaining almost 0.2% against the greenback, at $1.095/E.

The oil market retreats on concerns about the state of the US economy, which could lead to a decline in demand.

In London, Brent crude oil is down 1.4% at $80.8 a barrel.

In French company news, Airbus announces that airBaltic, the Latvian national carrier, has confirmed an additional order for 10 A220-300 aircraft. This new and fourth order brings the airline's total firm orders to 90 A220 aircraft.



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