(CercleFinance.com) – The Paris stock exchange is currently losing nearly 0.1%, around 7240 points. After a fanfare start to the week, the Parisian market fell back into line yesterday by yielding 1.7%, strongly impacted by the content of the Fed’s ‘minutes’ evoking a possible rise in rates at a faster rate than expected .
In this context, investors seem to be playing the card of caution this morning, a few hours before the monthly publication of employment statistics in the United States. The consensus expects 475,000 job creations in December, with an unemployment rate down to 4.1%.
These figures should not fail to fuel speculation about when the Fed will choose to start raising interest rates, being considered increasingly seriously for the month of March.
‘The higher the inflation and the lower unemployment at that time, the more the Fed will be in a hurry to start tightening its policy,’ explain the economists of Oddo BHF.
In France, CVS-CJO data from the customs administration show that the trade balance deficit reached 9.73 billion euros in November 2021, compared to a deficit of 7.70 billion the previous month.
This month-on-month widening reflects a 5.3% growth in French imports, to just over 53.7 billion euros, a growth stronger than the 1.6% increase in exports, to 44 billion.
Moreover, according to INSEE, in November 2021, French household consumption expenditure on goods in volume rebounded by 0.8% sequentially (after a drop of 0.6% in October).
The statistics institute specifies that this increase is mainly due to a rebound in the consumption of manufactured goods (+ 1.5%), while the consumption of food products increases again (+ 0.3%), just like that in energy (+ 0.5%).
Finally, the production of the manufacturing industry fell back in France in November (−0.6% after + 1.1%) as in industry as a whole (−0.4% after +0.9 %) compared to the previous month, according to CVS-CJO data from Insee.
In French company news, STMicroelectronics posted preliminary net sales for the fourth quarter of 2021 of $ 3.56 billion, up 11.2% sequentially. Over the year 2021, turnover increased by 24.9% to 12.76 billion.
For its part, Trigano announces that its sales increased by 9.2% to 786.8 million euros (+ 8.5% at constant scope and exchange rates) for its first quarter 2021-22 (period from September 1 to November 30, 2021).
Finally, Thales announced last night that the Aeronautical Maintenance Department of the French Ministry of the Armed Forces (DMAé) has entrusted it with the support of around 700 complex systems such as air defense radars, control centers and systems for a period of 10 years. ground-to-air telecommunications and information.
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