The Euronext control room, a company that manages the Paris Stock Exchange (AFP / Eric Piermont)
The Paris Stock Exchange is evolving around balance on Monday, pending an avalanche of business results this week and the meeting of the European Central Bank on Thursday, which is expected to leave its unchanged deposit rate.
The CAC 40 star index fell slightly by 0.11% around 9:25 am, or 8.92 points, to increase at 7,813.87 points. Friday, he also finished stable (+0.67 point).
The publications of 189 of the companies listed on the STOXX Europe 600 pan -European index are expected this week, underlines Jim Reid, economist of Deutsche Bank, in a note.
“SAP, the largest company in the region by capitalization, will publish its results on Tuesday, just like LVMH, Roche, Nestlé and several European banks including BNP Paribas and Deutsche Bank,” adds the economist.
In the United States, 135 of the 500 companies making up the American stock market index S&P 500 will publish their results this week, including those of the giants Alphabet (Google) and Tesla.
“IBM, ServiceNow, Intel and several defense groups (RTX, Lockheed Martin, Northrop Grumman) are also on the program”, specifies Jim Reid.
Investors will turn to the European Central Bank on Thursday, which should maintain its unchanged rates, after seven consecutive drops, despite President Trump’s threat to impose customs duties of 30% on imports from the European Union.
The deposit rate, which had culminated at 4%, was lowered by level of 0.25 points at each meeting, reaching 2% in June.
This level corresponds to the heart of the range of the “neutral” rate estimated by Christine Lagarde, president of the ECB, (between 1.75 % and 2.25 %), that is to say a level which does not stimulate or slow down the economy, and which therefore makes “very improbable” a new drop in the rent of money, according to HSBC economists.
“The main question for the markets is whether it is a short break, until September, or a more sustainable break,” note economists from Deutsche Bank.
“Let the ECB reduce its rates more, and when, will depend on the magnitude and duration of the expected slowdown in inflation” in the euro zone, they continued. However, “the depth of this slowdown” will itself depend on “the impact of American trade policy”, they finally underline.
Stellantis announces a heavy loss
The car giant Stellantis (-0.70% at 7.86 euros around 9:25 am) announced that it had recorded a net loss of 2.3 billion euros in the first half of 2025, according to non-audited preliminary results.
Among the factors explaining this loss, Stellantis designates the “first effects of new American customs tariffs” for 300 million euros, in a press release.
Euronext CAC40
