(CercleFinance.com) – After oscillating slowly on either side of its equilibrium point throughout the day, the Paris stock exchange ended the session at equilibrium, at 7097 points (+0.02% ), gaining 1.4% since Monday.
At the final gong, it was Societe Generale who posted the best progress of the day with +4.5% ahead of Saint-Gobain (+2.9%) and Alstom (+2.8%). Airbus, Pernod Ricard and Dassault Systèmes bring up the rear by yielding 3.5%, 1.8% and 1.8% respectively.
On the other side of the Atlantic, Wall Street is carried by a very slight bullish breath with +0.4% on the Nasdaq while the S&P500 and the Dow Jones remain in balance.
During the day, investors were able to take note of several economic indicators.
On the data front, US household consumer spending fell 0.2% in December 2022 from the previous month, according to the Commerce Department, in line with what Jefferies had anticipated. For their part, their income increased by 0.2%
Moreover, US consumer confidence improved in January, and a little more markedly than expected, according to the final index from the University of Michigan published on Friday.
The ‘UMich’ index thus came out at 64.9 in the final version, against 59.7 in December, while it had stood at 64.6 in the first estimate and economists were expecting it at 64.6. also.
In France, the confidence of French households remained almost stable in January, with regard to the synthetic indicator of the INSEE which lost one point to 80 and thus remains well below its long-term average (100 between January 1987 and December 2022).
In corporate news, LVMH reported last night another ‘record’ year in 2022, with sales of 79 billion euros and current operating profit of 21 billion euros, both up 23% .
Airbus has announced the recruitment of more than 13,000 people worldwide in 2023. Around 7,000 of them will fill newly created positions within the company.
Also in the aeronautics sector, Air France-KLM announced that its board of directors had approved a firm order for four Airbus A350F freighters for Martinair, a KLM subsidiary.
TotalEnergies EP Canada announces that it has exercised its right of first refusal to acquire an additional 6.65% interest in Fort Hills Energy Limited Partnership, and the associated commercial and logistics agreements, in view of its future spin-off.
Danone announces that it is exploring its strategic options, including a possible sale, for the organic dairy activities of Horizon Organic and Wallaby in the United States, as part of its asset rotation program announced in March 2022. Horizon brands Organic and Wallaby (milk, coffee creamers, yogurts, cheese and butter) account for around 3% of Danone’s overall sales.
Finally, ArcelorMittal, the largest steelmaker in the world, announced on Friday an investment of 36 million euros in Boston Metal, a ‘disruptive’ company at the origin of technology for decarbonizing steel production.
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