The Paris Bourse was hovering close to equilibrium (-0.09%) on Friday, remaining cautious ahead of employment figures in the United States and while a tightening of tone from the American central bank weighed down the markets in the United States. day before.
At 9:25 am, the flagship CAC 40 index was 6.06 points 7,243.50 points. On Thursday, it ended sharply down 1.72%.
This Friday, the attention of investors will turn to the publication of the eagerly awaited employment figures in the United States in December, which are scrutinized by the Federal Reserve, the Fed, to adapt its monetary policy to the economic recovery.
For December, a consensus of economists expects 440,000 job creations, more than double the number recorded in November. And they project a 4.1% unemployment rate (-0.1 percentage point over one month) still higher than the 3.5% of February 2020 before the pandemic.
The publication on Wednesday of the minutes of the last meeting of the Fed has plunged the markets, surprised by the new measures discussed within the institution to tackle inflation.
It is unlikely that today’s statistics, less of a surprise, will have consequences for the trajectory of US monetary policy in the coming months, believes Christopher Dembik, director of strategy and macroeconomics at Saxo Bank, for whom full employment is certainly at hand.
Everything has already been said in the minutes of the December meeting: at least three rate hikes are expected this year and a reduction in the balance sheet which should be much faster than during the 2017-2019 period, just before the pandemic, he adds.
In Europe, the evolution of consumer prices in December in the countries of the euro zone will be known in the morning. The day before, German inflation was at its highest level since 1992, 5.3%.
As for France, the latest macroeconomic data are not very encouraging: industrial production fell by 0.4% in November over one month and remains down 5% from its level in February 2020, the trade deficit has widened further. to reach a record 9 billion euros in November.
However, household consumption of goods picked up again in November, increasing by 0.8% over one month.
STMicroelectronics on the rise
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Sales of the Franco-Italian semiconductor maker STMicroelectronics rose 24.9% over 2021 as a whole to $ 12.76 billion, driven by strong global demand in its markets. The action jumped 3.72% 44.47euros.
New partnership for Sanofi
The French laboratory Sanofi (-0.01% 88.15 euros) has announced that it has entered into a license and research agreement with Exscientia, a British specialist in the design of drugs using artificial intelligence, with an initial payment of 100 million of dollars.
Trigano picks up speed
The European leader in leisure vehicles (motorhomes, etc.) Trigano reported on Friday a turnover up by 9.2% in the first quarter of its 2021/2022 fiscal year, but notes still supply difficulties. disturbing for its activity. Its title climbed 5.54% to 182.90 euros.