2025 - CAC40: up, US inflation in line with expectations

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(CercleFinance.com) – The Paris stock market ends the session with a gain of 0.74%, to 6,975 points, approaching an 8% increase since the start of the year, i.e. in the space of nine sessions.

At the start of the afternoon, the Parisian index even offered itself a brief excursion beyond 7000 points, to 7016 points, shortly after the publication of the long-awaited American ‘CPI’, i.e. the report on the evolution prices across the Atlantic.

Inflation came out at 6.5% in December 2022 compared to the same month of 2021, an annual rate at the lowest since October 2021 and broadly in line with economists’ expectations.

Excluding energy (+7.3%) and food products (+10.4%), two traditionally volatile categories, the annual inflation rate stood at 5.7% last month, a level again in line with what the market expected.

On a sequential basis, that is to say between November and December 2022, consumer prices in the United States fell by 0.1% in raw data, but rose by 0.3% excluding the energy and food products.

The labor market, which remains one of the indicators most closely followed by the FED, remains fascinatingly robust since registrations for unemployment benefits in the United States fell by 1,000 during the week of January 2, settling at 205,000 against 206,000. (revised from the original estimate of 204,000) the previous week, according to the Labor Department.

The ‘CPI’ seems to be a ‘non-event’ for the bond markets: the US T-Bonds even tend to deteriorate compared to this morning since the ’10 years’ shows 3.53% (against 3.556% yesterday evening and 3.455% this morning) and our OATs eased by -5Pts towards 2.626% after posting 2.54% at their lowest point, i.e. -13Pts.

On Forex, the euro gains nearly 0.5% against the greenback and trades against $1.0810.
Note that the barrel of Brent rose by 1.6%, to $84, while the WTI gained 1.4%, to $78.

In company news, Worldline announces that it has finalized the acquisition of 40% of the capital of Online Payment Platform, a Dutch online payment service provider offering a payment solution dedicated to marketplaces and platforms in the C2C segment in particular .

TotalEnergies announces that it has started up its 18th biogas production unit in France, called BioBéarn and located in Mourenx in the Pyrénées-Atlantiques department. With a maximum capacity of 160 gigawatt-hours (GWh), it will be the largest in the country.

Orpea (-17%) announced last night that its negotiations with its creditors were continuing regarding its financial restructuring project. In a press release, the operator of retirement homes recalls that it is engaged in the negotiation of a “drastic” financial restructuring involving a capitalization of 3.8 billion euros in unsecured debt.

We would almost detect a desire to lower the title after a surge of +40%… while the company never communicated when the course collapsed.

Finally, Ubisoft plunged 14% the day after a major profit warning issued for the current financial year, which led Oddo BHF to downgrade its opinion from ‘outperformance’ to ‘neutral’ with a price target halved to 21 euros.

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