(CercleFinance.com) – The Paris Stock Exchange ends this first session of the week with a gain of 0.55%, to 7,689 points, driven by URW (+2.6%), L’Oréal (+2.3% ) or even Axa (+2.1%) while Dassault Systèmes (-1.8%) and Alstom (-1.4%) bring up the rear.
Investors are now counting on economic indicators in the coming days to maintain the upward momentum in place since the start of the year.
The strength of the American economy has surprised in recent weeks, particularly in terms of employment, which tends to suggest that growth remains solid across the Atlantic despite fears of a coming recession.
In the bond compartment, T-Bonds are stagnating at a high level, around 4.19% over 10 years, while its German equivalent, the Bund, is established around 2.36% over the same maturity.
The market will take note tomorrow of the consumer price index in the United States, which should have slowed down in January (retail sales were unchanged according to data from distribution giants), which could confirm the outlook of future monetary easing.
Other important indicators will follow, such as import prices and retail sales on Thursday, before Michigan consumer confidence on Friday.
Several Fed officials have recently pushed back the horizon of easing rates, with perhaps no more than two to three rate cuts envisaged for 2024, given the singularly robust growth.
The other hoped-for catalyst could come from companies, with the fourth quarter results publication season expected to continue in the coming days.
Several leading groups such as Coca-Cola, Kraft Heinz, Cisco and Applied Materials plan to reveal their accounts this week.
On the contrary, the pace will accelerate in Europe, and particularly in France where publications from EssilorLuxottica, CapGemini, Airbus, Schneider Electric, Safran, Stellantis, Pernod Ricard, Orange, Stellantis and Renault are expected in the coming days.
Little movement on the currency front, with the euro stagnating around $1.077.
Oil remains almost unchanged (+0.1%) around $82 per barrel in London.
In French company news, ACC (Automotive Cells Company), the joint venture of batteries for electric vehicles of Stellantis, Mercedes-Benz and Saft (subsidiary of TotalEnergies), announces the closing of a debt raising of 4.4 billion euros, guaranteed by a consortium of commercial banks.
Visiativ gains more than 30% in Paris, while Invest Securities announced this morning that it would maintain its ‘neutral’ rating on the stock with a price target raised from 26 to 37 euros.
Quadient announces that it has reached a new milestone in the development of its network of connected parcel lockers, with more than 20,000 Parcel Pending by Quadient units installed in North America, Europe and Asia by the end of January 2024.
Finally, Solvay announces the completion of the phase-out of coal as an energy source for its soda ash plant in Green River, in the US state of Wyoming, in line with its commitment to sustainable operational practices.
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