(CercleFinance.com) – The CAC40 is heading towards a close at the zenith of this first session of the year 2023: the index shows an increase of +1.7% towards 6.584 (which erases the air pocket of the end of last Friday’s session) in the wake of the automotive sector and Total Energies… and the Euro-Stoxx50 is up +1.5%.
Volumes are skeletal (1.2 billion euros in 8 hours of quotations) in the absence of US and British operators, on leave on Monday.
The year 2022 was the worst stock market year for more than 10 years (the annual decline reached 9.5%), but it was above all the bond market that experienced its worst decline for 150 years.
As far as stocks alone are concerned, the S&P 500 had one of its worst performances since 1932, 1937 and 2002: it lost more than 19% last year, the Nasdaq -33%.
While markets ended 2022 better than they started it, uncertainty remains high, especially given the growing signs of the global economic slowdown. All eyes will be on inflation, which now looks close to peaking, if it hasn’t already peaked.
The easing of inflationary pressures could lead the major central banks to slow down or even end their cycle of monetary tightening, which could mean that risky assets could regain some of their attractiveness.
The operators present have already been able to take note of several statistics this morning.
Thus, the contraction in activity in the manufacturing sector eased slightly in Europe in December but the economic situation remains uncertain, show the final results of the monthly survey of S&P Global carried out among the directors of purchases.
Its composite PMI S&P Global buyers’ index thus recovered to 49.2 last month, against 48.3 in November, highlighting a slowdown in the contraction at the end of 2022.
For its part, the PMI index for manufacturing industry in the euro zone remained unchanged below 50 in December 2022, but recovered slightly from 47.1 in November to 47.8, thus putting evidence of a slowdown in the contraction at the end of the year.
In Germany, the contraction of the manufacturing sector was a little less strong according to the PMI S&P Global / BME index: it stood at 47.1, a level certainly lower than the 50 of the unchanged, but to be compared to 46 .2 the previous month.
Investigators say an improvement in supply has contributed to a sharp reduction in pricing pressures, and the manufacturers surveyed were less pessimistic about their outlook for the year ahead.
Employment is also reaching peaks across the Rhine: according to provisional calculations by the Federal Statistical Office, the average number of people in employment in Germany has increased sharply by 589,000 (+ 1.3%) compared to l previous year, reaching about 45.6 million.
This number therefore marks a record since German unification in 1990, exceeding by 292,000 (+0.6%) the old record of 2019. As a reminder, the coronavirus crisis had stopped the following year the upward trend in employment that had prevailed for more than 14 years.
Destatis further estimates that the number of unemployed persons as defined by the ILO in Germany fell by 209,000 (-13.6%) to an annual average of 1.3 million in 2022, representing an unemployment rate down by 0.5 points. to 2.8% of the working population.
Last figure of the day, according to data from the automotive platform, with 158,027 registrations, the French market for new passenger cars was stable (-0.06% in raw data) last month compared to December 2021 (the registrations fell by -7.5% over the year as a whole).
In corporate news, Atos jumped 19% on rumors of Airbus interest in its digital transformation subsidiary, Evidian.
Navya announced Friday evening the resignation with immediate effect of the president of its management board Sophie Desormière, which led to a sharp rise in its title this Monday morning on the Paris Stock Exchange.
The Societe Generale group announces that, on January 1, 2023, it has completed the legal merger of its two retail banking networks in France, Societe Generale and Crédit du Nord Group. SG is now the Group’s new retail bank in France.
Finally, Valneva announced, at the very end of last week, new mixed data concerning the use as a heterologous booster of its inactivated vaccine against Covid-19, VLA2001. Indeed, in this study, the booster dose generated only a marginal increase in the neutralizing antibody response.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
