(CercleFinance.com) – The Paris Stock Exchange ended the day slightly up, gaining 0.23%, to 7,948 points, helped by the performances of Bouygues (+8%), Alstom (+5.6%) or STMicro (+4%) which offset the declines in Eurofins Scientific (-6.6%) and Edenred (-5%).
Operators are now impatiently awaiting the publication, on Thursday, of the PCE index of consumer spending (excluding food and energy) in the United States, the indicator favored by the Federal Reserve to assess inflation.
In the meantime, American household morale suffered a clear deterioration in February (from 110.9 to 106.7 monthly compared to 114.8 in the first estimate), according to the Conference Board’s monthly survey published this Tuesday.
For Dana Peterson, chief economist of the Conference Board, this sudden deterioration reflects the persistent uncertainty surrounding the American economy.
The sub-index measuring the judgment of respondents on their current situation returned to 147.2 against 154.9 the previous month, while that of their expectations fell to 79.8 after 81.5 in January.
This morning, orders for durable goods fell by 6.1% in January compared to December, after a sequential decline of 0.3% in December 2023, the consensus expected -5%.
Excluding the usually erratic transportation sector, where orders plunged 16.2% in January, US orders for durable goods fell only 0.3% last month.
On the bond market, the pause in the stock markets (‘risk-on’) and the day’s mediocre figures do not favor a return on Treasuries, the yield on the American ten-year is moving around 4.285% (-1Pt).
The euro remains stable against the greenback, at $1.085/euro.
Brent rose by +0.8%, towards $83.2 per barrel in London.
In French company news, the Bouygues conglomerate published a net profit group share of 1.04 billion euros for 2023, compared to 973 million the previous year, and a current operating result from activities (ROCA) up 19% to 2.41 billion.
Orange and Bnp Paribas announce that they have concluded their exclusive negotiations begun in June 2023, with the signing of agreements materializing their collaboration, and in particular a referencing agreement concerning the Orange Bank customer portfolio in France.
Eurofins Scientific lost 6.6% after publishing an adjusted net profit of 568 million euros for the past year, or 2.71 euros per share, as well as an adjusted EBITDA down from 9.9% to 1. 36 billion, however at the top of its target range of 1.32-1.37 billion.
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