(CercleFinance.com) – The Paris Stock Exchange ended this first session of the year with a significant increase of 1.87%, to 6,594 points, driven by the automotive and energy sectors, despite limited volumes (less than 2 MdsE exchanged since the opening) and the absence of US and British operators, on leave on Monday.
Thus, Renault (+6.8%), Veolia (+3.6%), Michelin (+3.6%) and TotalEnergies (+3.5%) posted the highest increases in the CAC40.
The improvement of the day is also based on a timely relaxation of rates with OATs which erase -12Pts to 2.99%.
Remember that 2022 was the worst stock market year for more than 10 years: the annual decline reached 9.5% for the CAC40, 19% for the S&P500 and 33% for the Nasdaq.
While the markets ended 2022 better than they started it, uncertainty remains high, particularly in view of the risks of a global economic slowdown. All eyes will now be on inflation, which now seems close to its peak, if it has not already reached it.
Easing inflationary pressures may lead major central banks to slow down or end their monetary tightening cycle, which could allow risky assets to regain some of their attractiveness.
Today, operators were able to take note of several statistics.
Thus, the contraction in activity in the manufacturing sector eased slightly in Europe in December, but the economic situation remains nonetheless uncertain, according to the final results of S&P Global’s monthly survey of company directors. purchases.
Its composite PMI S&P Global buyers’ index thus recovered to 49.2 last month, against 48.3 in November, highlighting a slowdown in the contraction at the end of 2022.
For its part, the PMI index for manufacturing industry in the euro zone remained unchanged below 50 in December 2022, but recovered slightly from 47.1 in November to 47.8, thus putting evidence of a slowdown in the contraction at the end of the year.
In Germany, the contraction of the manufacturing sector was a little less strong according to the PMI S&P Global / BME index: it stood at 47.1 against 46.2 the previous month.
Investigators say an improvement in supply has contributed to a sharp reduction in pricing pressures, and the manufacturers surveyed were less pessimistic about their outlook for the year ahead.
Employment is also reaching peaks across the Rhine: according to provisional calculations by the Federal Statistical Office, the average number of people in employment in Germany has increased by 589,000 (+1.3%) compared to previous year, reaching about 45.6 million.
This number therefore marks a record since German unification in 1990, exceeding by 292,000 (+0.6%) the old record of 2019. As a reminder, the coronavirus crisis had stopped the following year the upward trend in employment that had prevailed for more than 14 years.
Destatis further estimates that the number of unemployed persons as defined by the ILO in Germany fell by 209,000 (-13.6%) to an annual average of 1.3 million in 2022, representing an unemployment rate down by 0.5 points. to 2.8% of the working population.
Last figure of the day, according to data from the automotive platform, with 158,027 registrations, the French market for new passenger cars was stable (-0.06% in raw data) last month compared to December 2021 (the registrations fell by -7.5% over the year as a whole).
Note that the barrel of Brent gained 4.5%, and is now trading against $86. The euro lost 0.4% against the greenback and needed $1.0655.
In corporate news, Atos jumped 20% on rumors of Airbus interest in its digital transformation subsidiary, Evidian.
Navya announced Friday evening the resignation with immediate effect of the president of its management board Sophie Desormière, which led to a sharp rise in its title this Monday morning on the Paris Stock Exchange.
The Societe Generale group announces that, on January 1, 2023, it has completed the legal merger of its two retail banking networks in France, Societe Generale and Crédit du Nord Group. SG is now the Group’s new retail bank in France.
Finally, TF1 claims 77 of the best audiences for 2022, thus strengthening its position in the Top 100 audiences for 2022 with seven additional programs appearing in this list compared to 2021.
The group claims more than 49 million viewers each week on its antennas and says ‘strengthen its leadership on all audiences under 50, widening the gap with its competitors’
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