The CAC40 remains in the green at 7253Pts on the last trading day of the week, despite Wall Street starting the session in the red.

In view of futures prices before the market opens (-0.4% on the S&P500, -0.5% on the Nasdaq-100), US equity indices could be set to ease, following strong rallies, particularly for the Nasdaq Composite (+2.9%).

Financial markets have generally wiped out around half of the major movements at the end of last week and the beginning of this one, helped by jobless claims data", points out Capital Economics.

As a reminder, the Labor Department recorded 233,000 new jobless claims last week, a figure down by 17,000 on the previous week, easing fears of an economic recession in the USA.

Fundamentals remain weak, however, with movements insufficient to correct the high valuation of equities and credit', warns SwissLife Asset Managers, which therefore expects continued volatility on financial markets.

In today's statistics, the unemployment rate in France (excluding Mayotte) as defined by the ILO fell by 0.2 points in the second quarter of 2024, to 7.3% of the working population, i.e. the number of unemployed fell by 40,000 to 2.3 million.000 to 2.3 million.

Nevertheless, 1.9 million of the ILO's inactive population want a job, but are not considered unemployed because they are not looking for work, a number that has risen by 39,000 and represents 4.6% of the 15-64 age group (+0.1 point).

Also published this morning, Destatis confirmed in second reading its preliminary estimate for German inflation in July, namely +2.3% year-on-year, up 0.1 points on the previous month.

On the value side, Eutelsat fell back by almost 2% following the publication of a net loss attributable to the Group of -309.9 million euros for its 2024 financial year (ending June), compared with a near-symmetrical profit of 314.9 million a year earlier.

However, the satellite operator reports that it has achieved all its annual financial targets, with adjusted EBITDA of €697.5 million and sales from operating activities of just under €1.27 billion.

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