(CercleFinance.com) – The Paris stock exchange ended the session with a gain of 0.81%, to 7,376 points, a stone’s throw from its absolute record signed a few minutes earlier, at 7,384 points. For the Paris index, this is a 3rd consecutive session of increase, with a 3rd intraday record and a 3rd closing record in as many sessions. Since the start of the week – and therefore of the year – the CAC40 has already risen by more than 3%.
For its part, the Euro-Stoxx50 gained + 0.6% to 4,393 but did not yet improve its record of mid-November 2021. At the same time, Frankfurt grew by 0.7% and London a little less 0.2%.
Across the Atlantic, however, Wall Street is still looking for a direction: the Dow Jones is ahead + 0.2% to 36,880, the S & P500 is stable and the Nasdaq is down for the 6th time in 7 sessions, yielding nearly 1%.
Wall Street was hoping for a good ADP index and hopes were not disappointed: the non-agricultural private sector in the United States created 807,000 jobs in December even as the consensus expected a significant contraction, to 400,000 after the 505,000 creations in November (revised from an initial estimate of 534,000).
Job creation last month was concentrated in services with 669,000 new jobs generated by this sector (including 246,000 in leisure and hospitality), while that of the production of goods created only 138,000.
The anticipated growth of activity in the private sector in the United States slowed down a little less than initially estimated in December according to the IHS Markit composite PMI index, which ultimately came out at 57.0, against 56.9 according to the flash estimate published around mid-December, after 57.2 for November.
This morning, investors were able to take note of several statistics: according to INSEE, household confidence in France improved in December. The index gains two points and thus returns to its long-term average (100).
The balance of opinion of households relating to their past financial situation increases by two points, and remains above its long-term average. Their proportion who believe that it is appropriate to make major purchases is increasing.
Household fears about the evolution of unemployment are increasing after falling for two consecutive months, but their share believing that prices will rise over the next twelve months continues to decline.
In addition, the composite index of the overall activity of France, calculated by IHS Markit, stands at 55.8, a slight decline compared to November (56.1), a figure which nevertheless continues to signal a strong expansion of French private sector activity.
However, this trend masks disparities at the sectoral level, with overall growth relying almost exclusively on the dynamism of the services sector, while manufacturing production only progressed marginally during the month.
‘Under these conditions, any measure taken by the French government in response to the emergence of the Omicron variant will have a direct impact on growth,’ warns Joe Hayes, senior economist at IHS Markit.
On the energy side, a barrel of Brent takes nearly + 1% and gas is soaring by + 3% … nothing very encouraging concerning inflation.
Market participants are also awaiting the Fed’s ‘minutes’, which should be published in the evening and which will give a more precise idea of the institution’s thinking on the timetable for the rate hike.
In the meantime, the US T-Bonds are trying to stem their degradation but at 1.655%, an improvement is struggling to emerge.
In Europe, slight easing (OAT at 0.125%), but so marginal that it does not in any way prejudge the trend over the next few hours.
Regarding the news of French companies, Publicis Groupe announces the acquisition of the technology company Tremend in Romania, a company with more than 60 million end users for its software, an operation which remains subject to regulatory approvals from French authorities. competetion.
Nicox climbs by more than 8% after the announcement by the ophthalmology company of the grant, by the European Patent Office (EPO), of patent EP2408453 which protects Zerviate (cetirizine ophthalmic solution), 0.24% up to ‘in 2030.
Korian indicates that it has entered into a long-term real estate investment agreement providing for an investment of around 100 million euros by BAE Systems Pension Funds in a new real estate vehicle managed and controlled by Korian.
Soitec announced Wednesday that its subsidiary Dolphin Design will open a new unit dedicated to edge computing and artificial intelligence at its Singapore-based factory.
Finally, in 2021 and for the first time, Peugeot is the leader in the perimeter of private vehicles on the French market and for the second consecutive year the Peugeot 208 is the best-selling car in France, on the PC + LCV market.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
