Market: positive bias on the old continent


(CercleFinance.com) – Green wins slightly overall on the European stock markets (+0.3% in London, -0.1% in Frankfurt, +0.1% in Paris), against a backdrop of relative resistance of American equity indices the day before a recent sharp increase in bond yields.

The S&P 500, the benchmark index for American managers, fell by only 0.3% on Monday, despite strong pressure on bond yields with the rate on 10-year American Treasury bonds around 4.15. %.

‘Chinese stocks recovered strongly overnight, particularly just before our daily publication, as measures continue to be implemented to stem the recent recession,’ Deutsche Bank also points out.

In terms of today’s statistics in Europe, orders to German industry increased by 8.9% in December 2023 after stability in November, while retail sales in the euro zone fell by 1.1%. ‘one month to the next.

In the news of the results publications, those of bp (+5% in London) receive a warm welcome, being accompanied in particular by the announcement of significant share buybacks by the energy giant.

Operators, on the other hand, sanction the quarterly results of Infineon (-2% in Frankfurt) which include a lowering of objectives by the semiconductor manufacturer, as well as the annual results of the bank UBS (-2% in Zurich) despite its increase in dividend.

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