(CercleFinance.com) – After opening slightly higher, the Paris Stock Exchange saw the trend reverse mid-session. At the final bell, the Parisian index lost 0.16%, to 7,530 points, helped by Société Générale (+2.4%) and TotalEnergies (+1.8%) but penalized by Pernod Ricard (-2.6%). and Dassault Systèmes (-2.3%).
At the start of the year, the markets are still fueled by hopes of rate cuts from the major central banks in the face of a continued decline in inflation and sluggish economic growth.
‘The weak economy should contribute to bringing inflation down to around 2% at the end of 2024 in the euro zone and in Switzerland, a figure falling within the ‘comfort zone’ of central banks’, SwissLife AM predicted last week .
This first week of 2024 promises to be rich on the statistics front, with in particular the PMI indices (starting with those of the manufacturing sector this morning), the inflation figures in the euro zone and even those of unemployment in the United States. United.
The HCOB PMI index for the French manufacturing industry, produced by S&P Global, fell from 42.9 in November to 42.1 in December 2023, its lowest level since May 2020, thus signaling a sharp deterioration in the situation in the sector.
The year 2023 ended with a further marked decline in activity in the euro zone manufacturing sector: the HCOB PMI index only recovered marginally in December, falling from 44.2 in November at 44.4.
The United States manufacturing sector also saw the contraction of its activity accelerate in December, according to S&P Global, whose PMI index for the sector stood at 47.9 ultimately for the past month, compared to 48.2 in flash estimate and after 49.4 for November.
In securities news, Danone announces the signing of an agreement to sell its organic dairy products activities in the United States to the American investment company Platinum Equity, as part of its asset rotation.
TotalEnergies announces the start of production of the second phase of development of the Mero field, located on the Libra block, more than 180 kilometers offshore Rio de Janeiro, Brazil, in the pre-salt Santos basin.
HSBC Continental Europe (HBCE), a subsidiary of HSBC Holdings, announces that it has completed, on January 1, 2024, the sale of its retail banking activities in France to CCF, a subsidiary of Promontoria MMB SAS (My Money Group). The operation also providing for the sale by HBCE of its 100% stake in HSBC SFH (France), the latter is now entirely owned by CCF and has changed its company name to CCF SFH as of January 1.
Airbus confirms that an A350-900 operated by Japan Airlines was involved in an accident on the tarmac at Haneda International Airport (Tokyo) shortly after 5:47 p.m. (local time) on January 2, 2024. The 367 passengers and 12 crew members on board were able to evacuate the aircraft.
Valneva says the €90 million to €110 million in proceeds related to the potential sale of its CHIKV vaccine priority review voucher, which were previously expected by the end of 2023, are now expected in early 2024 .
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