(CercleFinance.com) – The Paris Stock Exchange lost nearly 0.1% this morning, around 7,565 points, penalized by Safran which lost 1.7%, behind Hermès (-1.3%) and Airbus (-1%). ).
After reaching peaks of more than 7,600 points at the end of last week, the Parisian market has entered a phase of horizontal consolidation since the start of the week.
In this context, the Parisian index is moving in a narrow corridor, ranging from 7550 to 7580 points.
‘Graphically and fundamentally, the upward movement remains very active, but after all this long upward sequence and only a few days before closing the 2023 financial year, it is the search for catalysts which seems to be lacking’, explain Kiplink analysts Finance.
The race for absolute records continues, however, in New York, where the Dow Jones climbed 0.7% yesterday, while the Nasdaq Composite (also +0.7%) once again crossed the threshold of 15,000 points.
If the latest inflation figures in the United States are expected tomorrow, today’s agenda will be limited to the release of sales of existing homes in the United States, then the Conference Board’s consumer confidence index.
In the bond compartment, the yield on 10-year Treasuries fell towards 3.88% while the ten-year Bund, the true reference rate for the euro zone, fell to 1.98%, the lowest since the start of the ‘year.
Rate futures now include a 69% probability of a rate cut following the Fed meeting at the end of March, compared to 28% a month ago, according to CME Group’s FedWatch barometer.
On the foreign exchange market, the euro is trading against $1.096 (-0.2%).
On the raw materials side, oil prices confirm their recovery due to the increase in attacks carried out by Yemeni Houthi rebels, close to Iran, against ships in the Red Sea, which are disrupting maritime trade.
The barrel of Brent is currently gaining nearly 0.5% to around 79.7 dollars.
In French company news, Alstom announces that it has today launched its first digital experience center located in India, in Bangalore.
Orange Business announces the acquisition of Expertime, a services company specializing in Microsoft technologies, to contribute to its ambition to accelerate its growth in digital services and become the leading network and digital integrator in Europe.
Following the devaluation of more than 50% of the Argentine peso on December 13, Verallia warns that the impact of converting its local turnover into euros will not allow it to achieve its annual growth objective of at least 20 % of its total turnover in 2023.
Finally, the group led by Caisse des Dépôts and composed of CNP Assurances, MAIF and MACSF announced yesterday evening that it held 50.2% of Orpea following the completed capital increase. by the retirement home operator.
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