sentiment from Paris (google translated) CHINA

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CHINA, ECB AND RESULTS OF COMPANIES IN THE STOCK MARKET WEEK MENU

At the beginning of a particularly busy week, investors should opt for prudence and limiting initiatives. Nearly a quarter of S & P 500 companies are preparing to publish their quarterly accounts, while the Chinese economy will resume on Wednesday in front of the stage with industrial production and retail sales in September, as well as the GDP of the third quarter. Not to mention the meeting of the Governing Council of the ECB on Thursday. Moreover, it is unlikely to affect the stock markets, the impact of the third presidential debate between Hillary Clinton and Donald Trump will be most acute in the foreign exchange market, in particular on the evolution of the Canadian dollar and Mexican peso . Around 8:30, the future contract on October Cac 40 index yields 18 points.

The dollar to the highest since March

The ticket continues its advance, the dollar index against a basket of nine major currencies evolves on the highest seven months while the market continues to expect an increase in the Fed rate in December. Friday night, Janet Yellen hinted that she might wait to get tough to solve some of the structural problems of the US economy, but observers point out that the latest indicators continue to argue for a rate hike by the end of the year. The likelihood of tightening is estimated at about 66% of the market, according to Bloomberg calculations based on Fed funds futures contracts, against 64.3% on 7 October.

On the front of oil, the price of Brent North Sea crude remains below 52 dollars, hampered by the strong dollar and the further increase in the number of operating rigs in the United States last week, the sixteenth of row, according to the count of Baker Hughes.

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