(CercleFinance.com) – The Paris stock market is moving close to its equilibrium point, around 6,515 points, the day after a sharp decline across the Atlantic, with -2.2% on the Nasdaq and -1.4% on the S&P500.
On the eve of Christmas Eve, investors should beware of taking too many risks: the day therefore promises to be calm knowing that many market participants have already gone on vacation and that the London and Dublin Stock Exchanges will close from early in the day.
The places of Paris, Frankfurt, Milan, Madrid, Zurich and New York will be open all day, but will remain closed on Monday, which promises little volume of exchanges.
This morning, investors were able to find out about the production prices of French industry. In November 2022, they increased again over one month (+0.9%), after falling in October (-1.1%).
Over one year, they continued to rise sharply, by +18.5% after +21.4% in October.
INSEE, which publishes these data corrected for seasonal variations and working days, specifies that the production prices of French industry excluding energy increased by 0.2% over one month and 12.8% over one year.
For their part, the import prices of industrial products fell for the third consecutive month (-0.4% after -1.2% in October and -3% in September). Over one year, they continue to increase sharply but decelerate (+12% after +15%).
The start of the session in Europe will be punctuated by the publication of industrial producer prices in France, then the second estimate of Spanish GDP for the third quarter.
In the United States, the day will be driven by the release of household spending, durable goods orders, new home sales and Michigan consumer confidence.
On the bond market, yields on US government bonds continue to trend downwards under the effect of investors’ appetite for assets deemed less risky.
The rate of the American 10, the absolute benchmark in its sector, lost one basis point to fall back below 3.67%.
In company news, HRS and Engie Solutions announce that they are combining their know-how to accelerate the implementation of hydrogen-related projects, with a target of 15 projects by 2026, including four by 2024, as a priority for carbon-free mobility ecosystems.
Faurecia, Michelin and Stellantis announce that they have entered into exclusive negotiations aimed at allowing Stellantis to take a stake in the capital of Symbio, a leader in zero-emission hydrogen mobility, alongside existing shareholders Faurecia and Michelin.
Crédit Agricole announces that its subsidiary Crédit Agricole Assurances (CAA) has signed a memorandum of understanding with Banco BPM (BBPM) to be able to provide non-life insurance products and related services through BBPM’s distribution networks.
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