(CercleFinance.com) – After closing each day in red since Monday, the Paris Stock Exchange managed to conclude this final session of the week with a small jump, claiming 0.46%, at 6677 points, a rebound that allows it to limit its weekly decline to 1.2%.
Across the Atlantic, movements are also very limited, caution still dominates with a stable Dow Jones and S&P500 and a Nasdaq Composite which grabs 0.2%.
On the statistical front, investors learned today about producer prices in the United States. They rose 0.3% last month, where economists on average had expected an increase of 0.2%.
Moreover, US consumer confidence improved in December, according to the first results of the monthly survey published by the University of Michigan.
The confidence index calculated on the basis of the survey came out at 59.1 in the preliminary version this month, against 56.8 in November, when it was expected on a stable note.
The sub-index measuring consumers’ judgment of their current situation stands at 60.2, against 58.8 the previous month, while the component of their expectations rose to 58.4, after 55.6 in October.
Finally, note that the CBOE’s volatility index VIX, a barometer of risk aversion, rose above the 20-point mark to reach its highest level in a month this week, at 22.5.
The fears aroused by the health of the economy and the threat of a forthcoming recession on both sides of the Atlantic are indeed far from dissipated, while inflation is still everywhere at very high levels.
The bond markets also experienced a volatile episode around 2:30 p.m. / 2:45 p.m. but everything already seems to be back to normal for the T-Bonds which only show +2.8 Pts at 3.523%.
Things are going a little less well for the Bunds which tightened by +10pts to 1.9180% and our OATs (+8.5) to 2.383%, the Italian BTPs posting +11pts to 3.8040%.
The barrel of ‘Brent’ oil recovered +1% to $77.3, the euro varied little and traded against $1.0544.
In the news of French companies, Thales announces that the Directorate General for Armaments has entrusted it with the ASTRIDE 3 market (Access by Satellite and by Hertzian Transmission to the Zone Network and the Battlespace Intranet), or the design of the high-speed communication network for theaters of operations for the French army.
TotalEnergies announces an impairment of approximately $3.7 billion in its 4th quarter accounts, in connection with its 19.4% stake in the Russian company Novatek, a stake that is difficult to sell given the agreements between shareholders and applicable penalties.
Finally, Christian Dior announces that its Board of Directors has co-opted Antoine Arnault as a director and has decided to appoint him as Chief Executive Officer of Christian Dior SE and Vice-Chairman of the Board of Directors, replacing Sidney Toledano who has expressed his wish to leave the general management of the company.
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