(CercleFinance.com) – The demonstrations against the pension reform in France did not shake investors: after spending most of the session in red, the Paris stock exchange finally rose towards its equilibrium point in afternoon class.
At the final gong, it finally completes its course at exactly the same level as the day before, that is to say at 7082 points, perfectly stable, with 0.00% variation.
Paris had lost up to 0.75% in the middle of the day before gradually falling behind, in the wake of Wall Street, with an S&P500 which is currently arrogating 0.6%, just behind the Nasdaq (+ 1%) .
The month of January thus ended with a record gain of +9.45% on the CAC40.
A whole series of statistics punctuated the session. Thus, the French GDP for the 4th quarter came out at +0.1% (after +0.2% in the third quarter), slightly higher than the forecasts of economists who anticipated stable activity.
The prospect of a recession in the euro zone therefore seems to be receding, as the International Monetary Fund (IMF) has revised its economic forecast for the world economy upwards, now anticipating growth of 2.9% this year. , against +2.7% in its outlook for October.
In annual comparison, GDP increased by 1.9% in the euro zone and by 1.8% in the EU over the last three months of the past year, thus slowing down after +2.3% in the euro zone and +2.5% in the EU in the previous quarter.
In France, inflation rose to 6% in January (estimate).
Unemployment rose again in Germany in January, and increased by 0.3 percentage point month on month to reach 5.7% in January.
Consumer spending literally collapsed -5.3% in December, casting a shadow over growth in 2023.
Destatis, the German statistical institute, announced on Tuesday that it has postponed the publication of inflation figures due to be released today, citing a technical problem with data processing.
In the United States, the Chicago PMI is disappointing with a score of 44.3 against 45.3 expected.
Finally, the Conference Board’s consumer confidence index deteriorated in January, to 107.1 for the current month, against 109 in December, a level below the consensus which gave it unchanged at 109.
Last month’s figure has been revised sharply higher after it was originally reported at 108.3.
On the bond front, the deterioration observed the day before came to an end with a symbolic rebound in OATs and Bunds.
Their yield expands by -0.5Pts to 2.7650% and 2.3000% respectively.
In the United States, calm reigns 24 hours from the FED’s final statement with a symbolic variation of -1pt in T-Bonds at 3.5420%.
On the foreign exchange market, the euro is still more or less stable against the greenback and is trading against $1.086.
Note a slight decline in the barrel of oil: -1.25% to $84.5 in London while the IMF predicts global growth of +2.9% in 2023.
In company news, Technip Energies has been awarded a detailed front-end engineering (FEED) contract for the world’s largest low-carbon hydrogen project for ExxonMobil in Baytown, USA. Texas.
At the end of the first nine months of its 2022-23 financial year, Wavestone posted revenue of 376.2 million euros, up 11%, of which +5% at constant scope and exchange rates (with an effect -1% day).
Orange announces the appointment of Jean-François Fallacher as CEO of Orange France from April 3. He will replace Fabienne Dulac, who after eight years at the head of Orange France, will nevertheless remain on the executive committee.
Finally, Airbus announced the launch of two defense R&D projects that it coordinates within the framework of the European Defense Fund (EDF) 2021. Airbus Defense and Space thus coordinates the European Defense Operational Collaborative Cloud (EDOCC) project, while Airbus Helicopters coordinates the EU Next Generation Rotorcraft Technologies Project (ENGRT).
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