(CercleFinance.com) – After losing up to 0.6% mid-morning, around 7,375 points, the Paris Stock Exchange regained color in the second part of the session: it finally ended the day with a gain of 0 .4%, at 7,450 pts, driven by Airbus (+2.5%), Kering and EssilorLuxottica (+1.8%).
The session was marked by the sharp drop in oil with Brent trading at around $75.7 per barrel, a decline of 4%. The contraction even reached 4.8% on a barrel of WTI in the USA, at $70.4.
Such a drop relieves inflationary expectations which had strengthened last week with the diversion of tankers and maritime freight from Asia via South Africa, access to the Suez Canal via the Red Sea proving unsafe.
On the statistics front, seasonally adjusted retail sales volume fell by 0.3% in the euro area and by 0.2% in the EU between October and November 2023, according to Eurostat, after respective increases of 0.4% and 0.5% in October.
Furthermore, in December 2023, the Economic Sentiment Indicator (ESI) increased both in the EU (+1.8 points to 95.6) and in the Eurozone (+2.4 points to 96.4) , according to the results of the European Commission’s monthly survey.
At the European Union level, the improvement in the index was driven by higher confidence among households as well as in retail, services and construction, while confidence in industry remained broadly unchanged .
The week which begins will be punctuated by the highly scrutinized publication of inflation in the United States, scheduled for Thursday, and by the kick-off of the results season of American companies, which will be given the next day with the publications of the major banking groups JPMorgan Chase, Bank of America and Wells Fargo.
On the bond compartment, the yield on Treasury bonds welcomes the fall of the ‘WTI’: the US ten-year relaxes by -6Pts below 4% (score of 3.975%), while its German equivalent displays -1Pt to 2, 1340%, our OATs relax by -1.5Pt towards 2.6670.
In French company news, TF1 and Free, a subsidiary of Iliad, announce the signing of a new global distribution agreement which takes effect from January 2024 and will allow Freebox subscribers (starting with those with Freebox Pop) to benefit from the new free TF1+ service.
Casino announces that the European Commission authorized on January 5, under merger control, its takeover by the consortium composed of EP Equity Investment III sàrl (company controlled by Daniel Křetínský), Fimalac and Attestor.
Idi announces that PLC, a group in which it acquired a stake a few months ago, is acquiring Creapharm Cosmetics, a CDMO specializing in the shaping of cosmetic products with recognized expertise in hot casting and sun protection.
Finally, TotalEnergies announces that the Libra consortium has made the final investment decision to develop an innovative natural gas and CO2 separation and reinjection unit for the Brazilian Mero field, in which it holds a 19.3 %.
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