The CAC40 begins the session at a more or less stable level this Monday morning, after an agreement reached in extremis this weekend in Congress to avoid a 'shutdown', i.e. a partial closure of the federal administration in the United States. The CAC40 gained 0.2% towards 7150Pts.

"The agreement for temporary funding will only last until November 17", Commerzbank reminds us, warning that "as a result, a new edition of the budget drama looms in a few weeks' time".

In the meantime, this agreement will avoid a postponement of the publication of certain US statistics, such as August's industrial orders and trade balance, and above all September's official employment report.

More generally, these days will also see the release of PMI activity indices - including those for the manufacturing sector, which were published this morning - as well as data for the Eurozone, such as the unemployment rate and producer prices for August.

At 43.4 in September, the HCOB PMI index for eurozone manufacturing was down very slightly on the previous month (43.5), signalling a further deterioration in industrial conditions in the eurozone.

The HCOB PMI index for the French manufacturing industry, produced by S&P Global, fell from 46 in August to 44.2 in September, dropping further below the unchanged 50 mark and posting its lowest level since May 2020.

The unemployment rate in the eurozone came in at a seasonally-adjusted 6.4% in August, compared with 6.5% the previous month, announced Eurostat. In the EU, the unemployment rate stood at 5.9% in August 2023, down from 6.0% in July 2023.

In securities news, Casino announced that it had completed the sale of the first wave of 61 outlets to Groupement Les Mousquetaires, and extended the deadline for concluding a lock-up agreement with its creditors to October 3.

Traders will also be able to react to the results unveiled by agri-food group Bonduelle for its 2022-23 financial year, as well as those of healthcare IT specialist Equasens for the first six months of the year.

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