(CercleFinance.com) – The Paris Stock Exchange ends the last session of the week in balance, at 7,568 points (-0.03%) while the session is marked by very low volumes with less than 1.9 BnE exchanged since the opening.
Over the past week, the Parisian index has lost nearly 0.4% but has maintained a gain of close to 17% since the start of the year.
On the statistics front, PCE inflation, on which the Federal Reserve relies to monitor the trajectory of prices, stood at 2.6% at an annual rate in November in the United States, down from 0. 3 point compared to that of October.
In ‘core’ data (excluding food and energy products), the index contracted from 3.4% to 3.2% from one month to the next, according to the Department of Commerce.
Published at the same time, household consumption expenditure increased by 0.2% last month compared to October in the United States, for incomes up 0.4% from one month to the next.
For their part, after a decline of 5.1% in October, orders for durable goods increased by 5.4% in the United States in November (+2.2% anticipated), according to statistics published this Friday by the Department of Commerce.
The increase is mainly driven by the transport sector (aeronautical orders) since excluding the transport sector, the increase in new orders for durable goods would be limited to 0.5%.
And to finish in style on the eve of Christmas, American consumer confidence improved even more pronouncedly than expected in December, to 69.7 compared to 69.4 initially according to the final index from the University of Michigan published Friday.
Joanne Hsu, the author of the report, continues to attribute this improvement to the improvement in inflation expectations over a one-year horizon, now back at 3.1%, the lowest since March 2021, instead of by 4.5% last month.
The only downside of the day concerns sales of new individual homes which plunged 12.2% in November compared to the previous month, to stand at 590,000 units at an annualized rate, according to the Department of Commerce, after a fall of 4 % in October.
The median home price was $434,700 and the average price was $488,900.
The stock of new houses for sale is increasing and represents 451,000, a reserve of approximately 9.2 months at the current rate of sales.
The bond markets are marking time a little but no polarity reversal in sight: T-Bonds stand at 3.9050% (+1Pt), Bunds and OATs deteriorate by 1.5Pt to 1.9700 and 2.4770% respectively.
The euro is rising against the dollar ($1.1014/E) to test new highs since the summer, with investors betting that the American Fed will get ahead of the ECB with its first rate cuts.
The oil market has stabilized, with Brent at +0.1%, around $79.4 per barrel.
Note that gold, a safe haven par excellence, is also at its highest at $2,057 per ounce (+1%)… and the fall in the $ could send it beyond $2,100.
In French company news, Pernod Ricard announces that it has signed an agreement for the sale of the Becherovka brand and associated assets, including the Karlovy Vary production site, to the Maspex group. Subject to usual conditions precedent, it should be finalized by the end of June 2024.
Vinci indicates that it has won, via its local subsidiary Seymour Whyte, a contract worth more than 86 million euros for the modernization of the Cressbrook dam in Toowoomba, located near Brisbane in the state of Queensland in Australia.
Neoen announces that it has signed a turnkey EPC contract with a joint venture of Bouygues Construction Australia and Bouygues Energies & Services, thus officially launching the construction of the Culcairn solar power plant, in the Australian state of New South Wales.
Finally, Stellantis and 2L Logistics announced on Friday that they had entered into exclusive negotiations with a view to acquiring a majority stake from the automobile giant in the capital of the transport and logistics services company.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
