(CercleFinance.com) – The Paris Stock Exchange displays a trajectory that is strictly the opposite of that of the day before: after a positive start to the session, the trend gradually worsened: at the final gong, the index lost 0.32%, at 7426 pts, notably penalized by Michelin (-1.8%) and Teleperformance (-1.7%).
Volumes remain very modest with barely 2.3 billion euros exchanged since opening.
Investors remain cautious, awaiting inflation figures in the United States (Thursday), while the quarterly results season also approaches across the Atlantic.
Only secondary economic indicators (German industrial production, unemployment in the euro zone, American trade balance) appeared on the day’s agenda.
This is a clear disappointment for the manufacturing sector in Germany which sees its industrial production decline by 0.7% in November 2023, i.e. a 6th consecutive month of decline.
Still on the old continent, the seasonally adjusted unemployment rate in the euro zone stood at 6.4% in November 2023, down compared to the rate of 6.5% in October, while that of the EU stood at 5.9%, compared to 6% the previous month, according to Eurostat data.
Finally, on the US figures side, the United States trade deficit narrowed to $63.2 billion in November 2023, compared to that of $64.5 billion the previous month (which was revised from an initial estimate of 64.3 billion), according to the Department of Commerce.
In the bond compartment, the yield on US T-Bonds (+0.5 basis point) remains above the critical threshold of 4%. In Europe, its German equivalent rises to 2.18% (+2Pts).
Note that after its spectacular fall the day before, oil is starting to rise again, with Brent at $78 per barrel (+2.2%).
In company news, Dassault Aviation announces that the last tranche of 18 Rafale for Indonesia has entered into force, thus completing the number of aircraft on order for this country under the contract signed in February 2022 for the acquisition of 42 Rafale.
Trigano posts a turnover for the first quarter 2023-24 (ended at the end of November 2023) of 931.6 million euros, up 19.1%, sales supported by the good momentum of its motorhome activity ( +26.8%).
Engie announces the acquisition of 51% of the stake that Mirova, a subsidiary of Natixis Investment Managers dedicated to sustainable investment, previously held in the Goya wind project in Spain.
The European Commission announces that it has approved the creation of a joint venture by Volvo Business Services International and Renault.
Finally, Airbus announces that Taiwanese EVA Air has finalized a firm order for the purchase of 18 long-haul A350-1000 aircraft and 15 single-aisle A321neo aircraft.
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