(CercleFinance.com) – The Paris Stock Exchange ended the day with an anecdotal decline of 0.1%, to 7,428 points, penalized by declines in Teleperformance (-2.5%), URW (-1.7%) and STMicro (-1.6%), in reduced volumes with 2.6 billion euros exchanged since opening.
On the statistics front, weekly unemployment claims in the USA recorded a somewhat unexpected drop from -2,000 to 220,000 over the last week of November, while there usually are poachings in distribution after the weekend of ‘ Thanksgiving’.
On the other hand, a clear decline in ‘sustainable’ registrations with -64,000 to 1.86 million, proof that recruitments were numerous last month… an interesting indicator on the eve of the publication of the ‘NFP’.
As a reminder, ADP had published the day before a clear drop in job creation in the private sector in November (to 103,000).
This morning, investors took note of a slight reduction in France’s trade deficit in October thanks to a reduction in the energy bill which encouraged a decline in imports.
The trade balance showed a deficit of 8.5 billion euros, an improvement of 200 million euros according to figures adjusted for seasonal variations and working days revealed this Thursday by Customs.
Across the Rhine, after a decrease of 1.3% in September, production in German industry fell by 0.4% in October compared to the previous month, according to data adjusted for seasonal and calendar variations from Destatis.
Eurostat, for its part, confirms a contraction of 0.1% of GDP in the Eurozone in the 3rd quarter and stagnation throughout the EU.
On the bond front, T-Bonds deteriorated from 4.5 points of base to 4.17%, after having erased -87 points in 6 weeks. In Europe, rates are also easing slightly with Bunds moving at 2.18% and OATs at 2.72%.
24 hours before the publication of monthly US employment figures, investors are becoming more cautious and wait-and-see, knowing that a lower figure could encourage the Federal Reserve to lower its rates.
Conversely, indicators above expectations could complicate the task of the Federal Reserve in recalibrating its monetary policy.
Oil is stable with Brent trading around $74.2 per barrel, while gold gains 0.4% to $2,027 per ounce.
In French company news, Saint-Gobain announces that it has reached an agreement with Soprema for the sale of a majority share of its polyisocyanurate (PIR) foam insulation business operating in the United Kingdom under the Celotex brand. .
Furthermore, Saint-Gobain also announced the acquisition of Menkol Industries Private Limited, an operation which ‘strengthens its positioning in specialty construction materials with high added value, in a very dynamic Indian market’.
For its part, Société Générale indicates that it has signed two agreements with the Vista Group for the total sale of its shares in its African subsidiaries Société Générale Burkina Faso and Banco Société Générale Mozambique, currently held at 52.6% and 65% respectively.
Sanofi announces that its phase III trial of Sarclisa met its primary endpoint of progression-free survival in patients with newly diagnosed multiple myeloma who were not eligible for transplant.
Finally, Stellantis indicates that it has signed an agreement with Ample, a company based in San Francisco which aims to develop a system for replacing batteries in electric vehicles, thus making it possible to charge any electric vehicle to 100% in less than 5 minutes.
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