(CercleFinance.com) – After vegetating around 6,950 pts, the Paris stock market finally ends the session with a gain of 0.6%, around 7,023 euros, in the wake of the three main US indices: the S&P500 gains 1% , the Dow Jones +1.2% and the Nasdaq +0.7%.
For its part, the Euro-Stoxx50 is content to glean 0.2%, against a backdrop of the Dollar up nearly 1.5% since Wednesday evening.
Yesterday evening, the Fed confirmed the prospect of future rate hikes in the United States, as well as the reduction in the size of its ‘balance sheet’.
At Commerzbank, analysts now expect a first turn of the screw at the end of the meeting in March. ‘The FOMC gave a clear signal for an imminent rate hike after its meeting,’ they say.
The FED has in passing painted a relatively optimistic picture of the American economy, and this is confirmed by the 1st estimate of the GDP of the United States in the fourth quarter of 2021: it would have climbed by 6.9% according to the very first estimate. of the Department of Commerce, well beyond the +5.5% expected by the consensus (after +2.3% in the 3rd quarter), this jump comes from the reconstitution of corporate inventories (+173.5 billion dollars after a drop of 66.8 from June to the end of September), which ultimately enabled the United States to post its strongest growth in almost 40 years.
Durable goods orders, on the other hand, fell by -0.9% instead of -0.6% expected, but excluding transport, they rose by +0.4%.
The weekly jobless claims contracted from -30,000 to 260,000, there were 1,675,000 unemployed beneficiaries in mid-January, or +51,000 in one week.
On the bond compartment, the yield on ten-year US Treasury bonds also climbed nine basis points to 1.87% yesterday, before falling back towards 1.80% this evening, a jump that may explained by the noticeable change in tone in the institution’s monetary policy statement.
Moreover, the markets remain concerned about the politico-military situation in the Donbass, in Ukraine, and the fear of a Russian offensive.
In this delicate context, the titles Intel (-2.7%) and Tesla (-7%) are sanctioned despite the publication, last night, of quarterly results deemed rather robust.
In French news, the banks benefit from the firmness displayed by the FED (differences of +2%), but it is Sanofi which takes the lead in the CAC with +3.3%.
Conversely, Orpea fell an additional -9.4% towards 39E (-57% in 1 week), Korian lost -10.6% and fell significantly below the long-term support of 20E (incursion towards 19.2E, i.e. -31% in 5 sessions).
Elior, weighed down by the slowdown in its activity linked to the pandemic, fell by -11%, towards 5.2E.
Valeo announced, on a preliminary basis for 2021, sales of 17.3 billion euros (compared to last October’s target range of 16.9 to 17.2 billion), up 5 % compared to 2020 (+6% at constant scope and exchange rates).
STMicroelectronics (+2%) publishes net income for the fourth quarter of 2021 up 28.9% year-on-year, at $750 million, or $0.82 per share, as well as an improved operating margin by 4.6 points to 24.9%.
Maisons du Monde posted sales for the 2021 financial year of nearly 1.31 billion euros, an increase of 15.1% compared to the previous year (+13.4% on a like-for-like basis), thus exceeding its objective, which it had revised upwards last October.
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