The CAC 40 advance by 1.36% on Monday in the first exchanges at 6,831.41 points.
Friday, the Parisian rating had fallen by 4.75%, undermined by the spread of the new Omicron variant which is pushing more and more countries to once again close their borders to foreign travelers.
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CAC 40: a new worrying variant drops the Parisian index
As is often the case after a sharp fall, investors take advantage of low prices to look for good deals.
For Mirabaud specialists, this is “a technical rebound pending more information concerning the spread and the dangerousness of the new form of Covid-19 called Omicron”.
The announcements of the Minister of Health in South Africa concerning the mild effects and the doubts as to the fact that this one spreads faster than the others, could help the world indices to find the way of the rise "advance IG analysts.
“Given the uncertainty regarding the new variant, the trend could easily and quickly change in both directions” during the session, nuance for its part Swissquote.
G7 health ministers are meeting urgently in London on Monday in the face of concern over the spread of this new variant that the World Health Organization classified on Friday as "worrying" and which represents a "high risk" very high ”for Europe, according to the European Union health agency.
Rain of statistics
Alongside the new variant that will focus the attention of the markets, a lot of data is expected this week. Investors will see the first estimate of the November consumer price index in Germany on Monday. Statistics on real estate in the United States are also expected today. PMI leading indicators of economic developments will then be released in China, the rest of Asia and Europe, where inflation and Eurozone retail sales will be released at the end of the week.
In addition, on the oil markets, investors will watch with attention the meeting of the OPEC Thursday, after the announcement of the marketing of strategic reserves of certain countries and in particular the United States.
Indeed, OPEC had suggested that it could react following this announcement and the cartel could adjust its production increase schedule downwards, to compensate for the placing on the market of new stocks.
“The drop of more than 10% observed on Friday could support this theory, in order to boost the prices of black gold on the market a little more,” say IG specialists.
(with AFP)
