The Paris stock market is clawing back 0.2% this morning, around 7,495 points, after a positive week last Friday, boosted by solid corporate results and reassuring economic indicators.

Recent economic developments, which lend credence to the thesis of a soft landing for growth, seem to have eased investors' minds.

A rather successful start to the earnings season has also rekindled risk appetite, as has last week's unsurprising rhetoric from the major central banks.

According to FactSet, 80% of S&P 500 companies have so far delivered better-than-expected earnings, well above their five-year (77%) and 10-year (73%) historical averages.

The markets are gearing up for another busy week on the corporate results front, with numerous heavyweights such as Amazon and Apple set to publish their results.

A number of European heavyweights, including adidas, BMW, bp, Ferrari and Merck KGaA, will also be unveiling their quarterly accounts in the coming days.

In addition, the Bank of England (BoE) will announce its monetary policy decisions on Thursday

On the macroeconomic front, the week will be dominated by the publication of the latest US employment figures on Friday.

Today, investors will be keeping a close eye on the first estimate of inflation in the eurozone for July, as well as the first figure for economic growth in the region in the second quarter.

However, the advance of the stock markets seems to remain at the mercy of bond tensions.

The past week has been negative for European interest rates, ending with a further downgrading of German Bunds and French OATs.

In French corporate news, following their entry into exclusive negotiations announced last April, Worldline and Crédit Agricole announced the signature of a binding agreement, outlining the contours of their planned partnership in electronic payment services for merchants.

Eurazeo has signed a financing agreement with alternative asset manager Blackstone to support the growth of the Premium group, a savings and retirement products broker in which it is the majority shareholder.

Wendel has signed an agreement to sell Constantia Flexibles, a world leader in flexible packaging for the FMCG and pharmaceutical markets, to a subsidiary of One Rock Capital Partners.

On the occasion of its half-yearly publication, Legrand announced that it was raising its 2023 targets to aim for sales growth of between +5 and +8%, excluding currency effects and the impact of Russia (compared with +2 and +6% previously).


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