CAG 40 awaits inflation numbers in the United States, the quarter after which Macron is open to a takeover of Societe Generale by a European rival, Veolia.

Control is again dictating this Tuesday's course on the Paris Stock Exchange, where the Cac 40 shows a slight decline (-0.06%), at 8,205.5 points at 10 am. What happens next depends on the evolution of producer prices (PPI) in the US in April, which will be announced at 2:30 pm and will be decisive for the Federal Reserve's monetary policy. Although this indicator gets less headlines than consumer prices, due tomorrow, it is in some ways closer to the Fed's preferred inflation measure, which is only due at the end of the month, because it includes components that drive the main PCE deflator, such as health care. Services and air ticket prices.

An analyst consensus compiled by Bloomberg calls for a 0.1 point acceleration for the PPI index, 0.3% on the year and 2.2% expected. “ Expectations could ease central bank doves and help increase appetite for riskier assets, while a nasty upside surprise would further reduce expectations for central bank easing. », comments Swisscote Bank analyst Ibek Oskardeskaya.

Investors will be paying close attention to Fed Chairman Jerome Powell's speech at the Foreign Bankers Association's annual general meeting in Amsterdam. There is also talk of inflation in Germany today, with a 2.4% year-on-year increase confirmed in April. Final data for the entire euro zone will be released on Friday.

The launch of Veolia was welcomed

On the business side, Societe Generale led the Cac 40, gaining 3.8%. Emmanuel Macron during an interview with Bloomberg on the sidelines of the summit Select FranceThe French bank was open to a takeover by a competitor from the EU, the sector said. Coordination is required “.

Veolia gains 2% in the first quarter after seeing its profits improve despite falling energy prices and a milder winter than in 2023. The group, which specializes in water and waste treatment, posted a gross operating surplus of 1.62 billion euros (+5.7% over one). year at constant scope and exchange rates), consolidated current operating income of 843 million euros (+11.1%) and 11.56 billion euros (-1.7% but +3.9% excluding the impact of energy prices).

Solutions30 lost nearly 4% despite slight growth in its quarterly turnover (+3.4% organically).