The Paris Bourse gained 0.9% this morning, to 7605 pts, helped by +2.9% from Eurofins Scientific and +2.3% from Teleperformance and STMicro.

With the shock of the elections now behind them, investors are counting on the series of economic indicators expected over the next few days to revive the upward momentum that characterized the start of the year.

In France, at 48.8 in June, the HCOB PMI composite index of overall activity was only marginally down on May (48.9), continuing to signal a slight contraction in private-sector activity

Furthermore, the recent upturn in the HCOB composite PMI index of overall activity in the eurozone came to an end in June, with the index declining for the first time since October 2023, to 50.9 from 52.2 in May.

Eurozone producer price figures, scheduled for 11:00 a.m., will also be closely watched in view of the rather reassuring trend in inflation seen in the statistics published in recent days.

Wall Street will also be carefully studying the flurry of indicators due to be released today, on the eve of the Independence Day holiday.

Among the many statistics on a day rich in figures, investors will be watching today for the ADP survey on private employment, unemployment benefit registrations, industrial orders and the ISM services index.

Monthly employment figures are due at the end of the week, the day after Independence Day, and economists are expecting an average of 200,000 jobs created in June, as well as a stable unemployment rate of 4%.

On the other hand, indicators pointing to vigorous activity in the US economy could dampen enthusiasm for equities, lest they prompt the Federal Reserve to forego a rate cut in September.

On the bond market, the yield on the 10-year Bund continues to trade at around 2.60%, while the French OAT is better oriented at 3.30%, giving an improved spread of 70 basis points.

The US equivalent is easing back below the 4.44% threshold as we await the many statistics due today.

In the energy sector, Brent North Sea crude oil is down 0.2% at $86.4 a barrel.
In French company news, Eurofins announces the publication of a second denial, following that of June 25, to the allegations of activist fund Muddy Waters, which on June 24 denounced confusion and contradictions in the bioanalysis giant's financial statements.

Clariane announces the success of its capital increase with shareholders' preferential subscription rights (DPS) of around 237 million euros, as part of the plan to strengthen the EHPAD group's financial structure.

Finally, Sanofi announces the approval of its Dupixent in the European Union, for the adjunctive maintenance treatment of adults with uncontrolled chronic obstructive pulmonary disease (COPD), characterized by high blood eosinophilia.

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