Paris (AFP)

The Paris Bourse was timid (-0.14%) Friday morning ahead of the September US employment figures which will allow investors to be fixed on the timing and extent of the reduction in monetary support from the Reserve federal government.

At 9:28 am, the CAC 40 index dropped 9.07 points to 6,591.12 points the day after a jump of 1.65%.

This Friday, "all eyes converge on the US jobs report which will decide, in the minds of investors, whether the start of the Fed's decline in monetary support is a matter settled for December," said Jeffrey Halley, analyst at Oanda.

The market is anticipating an announcement in November of the gradual reduction in monetary support from the US Federal Reserve (Fed), with an effective start in December.

Unless the numbers are terribly disappointing, the Fed is unlikely to change its intentions to gradually reduce its support measures this year following the report's release, experts say.

Even in the event of an alarming slowdown in the recovery of the US labor market, "there is little the Fed can do, given the surge in energy prices which continues to strengthen inflation expectations," said Ipek Ozkardeskaya, Swissquote analyst.

The action of central banks is closely watched by the markets, which will take notice of the monetary policy decision of the central bank of India on Friday.

In the euro zone, German exports experienced in August the first drop over a month since April 2020 while the industry is hampered by a shortage of electronic materials and components, according to figures from the Federal Statistical Office Destatis published on Friday.

EssilorLuxottica takeover bid for GrandVision

The Franco-Italian giant (-0.25% to 166.62 euros) of glasses has announced the launch of a takeover bid on the rest of the shares of its former Dutch competitor GrandVision, of which it already owned 86.67%.

Vivat for Vivendi

Vivendi shares rose 0.87% to 11.06 euros after Citigroup raised its recommendation to "buy" against "neutral" while reporting an "extraordinary" opportunity on the stock after the sale of its former subsidiary Universal Music Group (UMG).

Casino held back by one of its subsidiaries

Casino shares lost 2.26% to 22.87 after the group's e-commerce subsidiary announced on Friday that it could no longer confirm its forecasts given the slowdown in its activity in the third quarter and postponed its increase of capital.

© 2021 AFP