(BFM Bourse) – Helped by the new positive opening of Wall Street thanks to a surprise drop in weekly jobless claims, the Parisian market remains confident about the economic outlook despite the surge in Covid-19 contaminations. The CAC 40 clusters 0.16%.
Sluggish, amorphous, lethargic, words are starting to fail to describe the Parisian market in this last week of 2021. Although the mood remains generally positive, the momentum is now sorely lacking, which translates into reduced gaps. The same goes for the volume of transactions, which remains very small (1.9 billion euros this Thursday) in the absence of many operators on vacation. In this last full session of the year 2021 on the Paris Bourse, which will close its doors at 2 p.m. this Friday, the star index nonetheless regains 0.16% to 7,173.27 points, and is thus heading towards a new weekly performance. positive to close this record year.
If the number of contaminations linked to Omicron continues to increase (the bar of 200,000 new cases in 24 hours was exceeded on Wednesday in France), “fears linked to this new strain continue to ebb” underlines Jeffrey Halley, analyst of ‘Oanda. Despite the very strong resurgence of pandemic vigor observed in recent days, new hospitalizations are only progressing slowly, which makes the markets think that omicron is not likely to derail the economic recovery.
In a market also sluggish in the absence of many investors, the Dow Jones timidly continued its “Christmas rally” this Thursday on Wall Street, grabbing 0.1% around 5:50 pm. If he closes in the green, it will be his 7th straight advance, his longest streak since March 15. Not to be outdone, the S&P still nibbles 0.2% and is on track to establish its 71st all-time high at the close this year. After two sessions in the red, the Nasdaq rebounded for its part of 0.6%. All three indices got off to a good start after the Labor Department reported 198,000 jobless claims in the week to December 25 from 206,000 the week before when Reuters consensus expected a rise, also around 200,000 registrations.
Side values in Paris, very few significant movements are to report this Thursday at midday, Alstom takes the head of the ACC with an advance of 1.6%. Eurofins (+ 1.4%), URW (+ 1.3%) and Safran (+ 1.1%) also increased. After three consecutive sessions of growth, Saint Gobain fell by 0.6%, while ArcelorMittal (-1.3%) and Dassault Systèmes recorded the most pronounced declines.
On the rest of the rating, Tarkett (+ 5.1%), Elior (+ 3.9%) and DBV (+ 3.4%) were sought after.
Returning to a peak for more than a month thanks to relief from the dangerousness of Omicron, oil prices returned part of their recent gains this Thursday morning, before turning around. Around 6:15 p.m., a barrel of Brent added 0.4% to its gains of the last few days at 79.5 dollars, while that of WTI took 0.4% to 76.9 dollars. The day before, investors had learned of a sharper-than-expected drop in US crude stocks, a positive signal for demand. More than on the equity markets, the narrowness of trade generates volatility in the price of black gold. On the Forex side, the euro retroceded 0.26% against the dollar at 1.1319 dollars around 12:10 p.m., after having reached a peak the day before since mid-November. Bitcoin finally recovered 2.2% to $ 47,500 per unit.
Quentin Soubranne – © 2021 BFM Bourse