The Paris Bourse gains a few points at the opening. The underlying trend is supported by the S&P 500 record, but activity promises to be even more limited as the London Stock Exchange will remain closed on Tuesday.
Slight initial rise in the Cac 40 after the new S&P 500 record | Photo credits: Shutterstock
The Paris Bourse is slightly higher at the opening, thus approaching its record of last month at 7,183.08 points. The activity promises to be once again limited to three days from the end of the year, especially as the London Stock Exchange will remain closed for Boxing Day.
At 9:15 am, the Cac 40 takes 0.20% to 7,154.98 points.
On Wall Street, the S&P 500 on Monday signed its 69e year-end record, boosted in particular by growth in Christmas sales in the United States. These increased by 8.5% over one year between 1er November and December 24, according to data released by Mastercard SpendingPulse. This is the best performance in 17 years.
No new restrictions for the holidays
Asian markets are also upbeat this morning, with the Tokyo Stock Exchange’s Nikkei 225 ending with a gain of 1.4%, driven by the 7.2% rise in industrial production in November in Japan, significantly higher than the previous year. ‘4.8% increase anticipated by the market. China’s CSI 300 gained 0.7% as the close neared as the country’s central bank injected 200 billion yuan (about 27.5 billion euros) in short-term liquidity into the financial system.
Global financial centers seem to want to resist the wave of infections with the Omicron variant of the coronavirus and the change of course of the main central banks towards a tightening of their monetary policy in an attempt to curb inflation. France and the United Kingdom have refrained from imposing containment measures for the end of year celebrations by favoring vaccination. Paris in particular lowered the deadline for the vaccine booster to three months and announced the return to remote work by recommending a fourth day of telework from January 3.
Today’s macroeconomic agenda is limited to the S&P CoreLogic index of house prices in 20 US cities for the month of October. It will be released at 3 p.m.