Ultra-quiet session on forex, with symbolic spreads, rarely higher than 0.1% on Tuesday.

The Dollar remains almost stable against the Euro at 1.1820, against the Yen at 105.3, against the Swiss Franc at 0.9140 and it only shifts against the Pound Sterling, (-0.65% to 1.3245).

The session of the previous day had already been very calm while it was the big maneuvers on the interest rate markets (the '10 years' US jumping towards 0.95%) and a real 'panic on the rise' on the European stock market indices.

There were no leading statistics on Tuesday: in France, production increased again in manufacturing industry (+2.2% after +0.8%) and in industry as a whole in September (+1.4% after +1.1%), according to CVS-CJO data from INSEE.

Foreign exchange traders were especially entitled to statements from members of the Fed on Tuesday afternoon (they speak the day after the announcement of Pfizer that has upset the financial landscape) with David Rosengren (Boston FED) who pleads for more fiscal stimulus in the United States.

His colleague Robert Kaplan (Dallas FED) considers the outlook for the next 2 quarters very uncertain (the vaccine potential will not be available before) and believes that macro indicators are going in the wrong direction.

Christine Lagarde is due to open a virtual ECB roundtable with her counterparts from the Fed and the BoE on Wednesday to discuss themes presented as 'fundamental', but which should also raise more immediate questions.

In the third quarter of 2020, the number of unemployed according to the ILO reached 2.7 million people in France (excluding Mayotte), up by 628,000 people, corresponding to an unemployment rate that jumped by 1.9 points, to 9.0% of the active population.

On the value side, BNP-Paribas dominates the ranking with +7.6% and confirms its status as the preferred 'financial' of investors.

Renault continues its rebound with nearly +6.4% (after +15% the day before), Airbus occupies the 3rd step of the podium with +5.9%, AXA and Safran compete for the 4th place with +5% approximately.

Worldline (-4.2%) and Ingenico announce that following the settlement and delivery of the reopened offer, which will take place on 17 November, Worldline will hold 93.91% of the capital and at least 93.05% of the voting rights of Ingenico, as well as 99.64% of the Ingenico OCEANEs in circulation.
ST-Micro finishes red lantern with almost -6%.

Klépierre (+18.2%) announces that it has placed a €600 million bond maturing in February 2031, with an annual coupon of 0.875%. Most of the funds raised will be used to repay debts maturing in the first quarter of 2021.

Its competitor Unibail exploded by +20% (+30% this morning) while the 3.5 billion euros capital increase project was rejected.

Oddo BHF reaffirms its 'buy' recommendation and its price target of 41 euros on Saint-Gobain (-2%), the day after the group entered into exclusive negotiations with Mutares for the sale of Lapeyre.