(CercleFinance.com) – The Paris Stock Exchange lost almost 0.5% this morning, around 7,380 points, penalized by URW (-1.9%) and TotalEnergies (-1.7%).
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.
The Parisian market had a difficult first week for the New Year, dropping around 1.6% in four days, which led it to break the important technical threshold of 7,500 points.
Wall Street also fell for this first week of the year, with among others losses of more than 3% for the Nasdaq, which thus ended a sequence of nine consecutive weeks of progression.
‘After the sharp rise recorded by the stock markets in recent months, it is not surprising that the markets are taking a break,’ said Craig Fehr, analyst at Edward Jones.
Investors notably had to digest a series of economic indicators, employment in the lead, having tempered the prospect of a rapid reduction in interest rates.
From a historical perspective, the performance of stock markets during the month of January is generally a good indicator of what awaits them for the rest of the year.
In the bond compartment, the yield on ten-year US Treasury bonds remains above the critical bar of 4%, while its German equivalent confirms its strength at around 2.17%.
On the energy market, oil prices are consolidating after their strong increase over the past week, due to a new episode of localized geopolitical tensions in the Red Sea.
Brent fell by 1.2% to 77.8 dollars per barrel and the euro remained stable against the greenback, around 1.093 $/E.
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.
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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