(CercleFinance.com) – The Paris stock market is showing remarkable resilience as Wall Street is sinking much more heavily than expected, with -1.6% on the S&P500 and -2.3% on the Nasdaq (twice worse than expected).
The CAC40 does not lose more than 0.3% (around 7,030) and easily preserves 7,000 points, in anemic volumes since this morning and which do not exceed 1.6 billion euros at 40 minutes from the closing (it is extremely low) .
The Euro-Stoxx50 fell for its part by -0.6% towards 4,130, Amsterdam dropped -1%, weighed down by ASML.
Investors took note this morning of the Ifo index of the business climate in Germany. It rises from 88.6 (December 2022) to 90.2 (January 2023), a level in line with the consensus according to Capital Economics, but a little weaker than its own forecast of 92.
In detail, the expectations index rose significantly from 83.2 to 86.4 month-on-month, a higher than expected figure, but the current conditions index fell slightly, from 86.4 to 86.4. 94.4 to 94.1.
Crude stocks increased by 0.5 million barrels according to data published by the US Energy Information Agency (EIA), to 448.5 million barrels during the week of January 16 in the United States.
For their part, inventories of distillate products – including heating oil – fell (-0.5 million barrels) while gasoline inventories rose by 1.8 million barrels compared to the previous week.
Finally, the EIA indicates that the refineries operated at 86.1% of their operational capacity during this same week, with an average production of 8.8 million barrels/day.
The barrel of Brent is little changed at $86.5 and remains stuck below $87
The day was also driven by a new wave of quarterly results with the announcements of the Dutch semiconductor equipment manufacturer ASML (slight drop in margins, record order book of 40 billion euros but share price down -2.5%), Boeing (-2.6%) posted a loss of $430m but maintained its forecasts, Kimberly Clarke announced an 18% increase in profits but was disappointed.
The bond markets are deteriorating this evening after having been up throughout the session: our OATs take +1Pt to 2.607%, the Bunds +0.5Pt to 2.165%, the Italian BTPs +3.5Pts to 4.09%.
T-Bonds remain perfectly unchanged at 3.467%.
The Euro climbed 0.1% against the Dollar at 1.0900.
In the news of French companies, Alstom announces that, during its third quarter of 2022-23, sales increased by 8% to 4.22 billion euros, and recorded 5.15 billion euros. euros in orders (including 58% in services, signaling and systems).
BNP Paribas has announced that it will embark on a new stage of “strong acceleration” of its energy transition financing activities. The group plans to reach 40 billion euros in outstanding financing for the production of low-carbon, mainly renewable energies, by 2030.
Atos says it has entered into exclusive negotiations with Mitel Networks for the sale of its unified communications and collaboration services business (Unified Communications & Collaboration or Unify).
Finally, Airbus Helicopters reports a drop in its orders for the 2022 financial year, but also an increase in its deliveries, in a market deemed ‘complex’ due to the war in Ukraine and its supply problems.
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