Past analysis :

The EuroStoxx 50 index is up 0.39%, the FTSEurofirst 300 is stable and the Stoxx 600 gains 0.2%.

The main European stock markets are moving without a clear trend at the start of Monday's session in a context of caution at the start of a week which will be marked by the highly anticipated US inflation figure and the mid-term elections in the United States. .

= waiting for US data

In Paris, the CAC 40 lost 0.02% to 6,414.94 points around 08:45 GMT. In London, the FTSE 100 lost 0.03% and in Frankfurt, the Dax advanced by 0.38%.

Stock indices rose more than 2% on Friday on hopes of a relaxation of COVID-19 measures in China, but Chinese health officials on Saturday reaffirmed their commitment to a "zero COVID-19" strategy. dynamic".

= continuation of coercive measures in China

The Chinese indicators of the day confirmed the bad turn of the economy: exports and imports fell in October against all expectations under the effect of health restrictions, inflation and the rise in interest rates abroad.

Chinese markets ended the day in positive territory, however, as investors continued to speculate on an easing of anti-COVID measures despite official denials.

= economic slowdown in China

The U.S. economy added more jobs than expected in September as the unemployment rate rose to 3.7% and average hourly wage growth slowed slightly year on year to 4.7% but accelerated to month-on-month, at 0.3.

Luxury stocks, very dependent on the Chinese market, also stand out: Hermès, LVMH and Kering gained from 3.71% to 7.07%.

The owner of Gucci also took advantage of information from the Wall Street Journal according to which discussions are underway for the possible takeover of the Tom Ford brand.

= Luxury market in good health despite everything

In the news of the results, Societe Generale (+ 2.55%) published quarterly performance above expectations thanks to its trading activities.

JCDecaux shares jumped 14.34% as the outdoor advertising specialist reported quarterly revenue growth above expectations.

The prospect of lasting monetary tightening in the United States continues to drive up Treasury yields. That of the ten takes more than four basis points to 4.171%.

= speculation on the bond markets following potential rate increases

In Europe, its German equivalent evolved at the end of the session towards 2.29%.

Christine Lagarde and Luis de Guindos, the President and Vice-President of the European Central Bank respectively, underlined that the Frankfurt institution continued to give priority to slowing inflation in the euro zone to prevent it takes root.

On the currency side, the euro rose 1.65% to 0.9912 dollars. The greenback fell 1.4% against a basket of benchmark currencies.

= ECB rate hike outlook

Now :

Indicators indicating a trend reversal
- Decreasing ADX
- Decreasing Momentum (& little divergence)
- RSI emerging from the overbought area

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