The flagship CAC 40 index fell 3.79 points to 5,932.63 points around 9:35 a.m., after two sessions of decline and a more marked opening down.

The strong rebound at the start of the week, however, allows it to post another weekly gain of 2.98%, the largest in two months.

"A change of course in monetary policy? The market believes in it again, unlike the central bankers" summarizes for this week Sébastian Paris-Horvitz, director of research at Banque Postale AM.

The indices rebounded strongly on Monday and Tuesday, with the hope of a less penalizing monetary policy for the economic activity of the central banks, but several declarations by American monetary officials once again dampened the dreams of investors afterwards.

"We're all going to be obsessed with the jobs numbers today and then the US inflation gauge next week. Clearly the latter has more potential to influence prices over the next few weeks, but the first is always an important event," said Deutsche Bank analyst Jim Reid.

Investors want to know if the labor market is easing with less job creation, which would support a slowdown in inflation and therefore a pivot by the Fed towards a more accommodative monetary policy.

The tighter a labor market, the more pressure there is for wage increases, which promotes higher prices in general.

But "employment figures have exceeded the consensus" on the rise "four months in a row", warns Stephen Innes, of Spi AM, which would be interpreted as bad news by financial players.

It will then be time for investors to look ahead to the third quarter corporate earnings season, which begins in earnest next week.

In addition, in France, the trade deficit set a new record in August, at 15.5 billion euros (139 billion over 12 months), customs said on Friday, due to a further rise in the energy bill. among imports.

LDC acquires Matins

Poultry producer LDC (Le Gaulois, Loué and Marie brands) announced on Thursday that it had taken over the Matines brand from the Avril group, the French leader in table oils, from which it also wants to buy the company Ovoteam, which specializes in egg-based products. .

It also announced a 14.2% increase in its turnover, to 1.4 billion euros, in the first half of its staggered fiscal year.

The title rose slightly by 0.21% to 94.60 euros.

Caution on tech

Before the US jobs report and its immediate consequences on the bond market, the technology sector, sensitive to financing conditions, retreated: Capgemini lost 1.29% to 168.75 euros, Teleperformance 1.43% to 262, 10 euros, Dassault Systemes from 1.03% to 36.48 euros.

STMicroelectronics, which rose strongly this week, also suffered from profit taking (-2.53% to 34.65 euros).

© 2022 AFP