(CercleFinance.com) – (CercleFinance.com) -The Paris stock market gains 0.3 to 0.4% this Thursday, around 7,330 points, driven by a trio at more than +4% made up of Stellantis, Accor and Société General.
Wall Street seems to be completely at a standstill after 90 minutes of trading but buyers are holding control and the CAC40 is doing well.
The adoption of the motion of censure aimed at bringing down the Barnier government was an archetypal example of a 'non-event'.
If the overthrow of the government has the effect of opening a new political period of uncertainty, analysts point out that the Parisian index is rather resistant to political turbulence, like the European markets (Euro-Stoxx50 up + 0.6% to 4,950, new record for the DAX40 at 20,270 points).
A sign that the 'censorship' does not worry currency traders, the Euro is up more than 0.45% towards 1.0560 on the 'fait accompli'.
Trading seems a little frozen since the opening on Wall Street: if the Nasdaq (+0.1%) set a new absolute record at the start of the session, it is 'at the margin', and it is evolving, just like the S&P500, down -0.1%, the Dow Jones lost -0.2%.
No reaction to today's US statistics: the US trade deficit fell sharply to 73.8 billion dollars in October, compared to that of 83.8 billion the previous month (which was revised from an estimate initial 84.4 billion), according to the Department of Commerce.
This 11.9% decline in the deficit from one month to the next results from a 4% contraction in American imports of goods and services, to $339.6 billion, therefore surpassing a decline of 1.6%. exports, at 265.7 billion.
On the eve of the publication of the 'NFP', the Department of Labor announced that it had recorded 224,000 new registrations for unemployment benefits in the United States last week, a figure up by 9,000 compared to the previous week.
The four-week moving average – more representative of the underlying trend – stood at 218,250 for the week of November 30, an increase of 750 compared to that of the previous week.
Finally, the number of people regularly receiving compensation decreased by 25,000 to stand at 1,871,000 during the week of November 23, the most recent period available for this statistic.
US T-Bonds are not affected by this increase in unemployment: they could have relaxed but they deteriorated by +2.5 points towards 4.2060% and the '2 years' showed +4 points towards 4.1670%.
While the yield on French OATs moves to 2.878/2.882% (-1.5Pt in 24 hours), the German Bund stands at 2.108% (+5Pts), which means that the rate differential between Germany falls below the bar of 80 basis points (almost -10Pts in 1 week).
'We are very far from a financial crisis scenario,' says Christopher Dembik.
A sign of operators' appetite for all assets with strong upward potential, bitcoin exceeded the symbolic $100,000 mark overnight for the first time in its history (record raised to $104,000 'all round'), driven by hopes of deregulation of the cryptocurrency sector with the upcoming return of Donald Trump to the White House.
In France, production was stable in October over one month in the manufacturing industry (after -0.7% in September), and almost stable in the industry as a whole (-0.1% after -0.8%), according to CVS-CJO data from INSEE.
Note that in Germany, new orders in volume in the manufacturing industry decreased by 1.5% in October 2024 compared to the previous month, according to CVS-CJO data from Destatis, after a jump of 7.2% observed in September.
In the news of French companies, Safran (-5%) has indicated that for 2025 it expects growth in its turnover of around 10%, current operating income between 4.7 and 4.8 billion euros, as well as free cash flow between 2.8 and three billion.
Spie announces the signing of an agreement to acquire 100% of Corporate Software, a Swiss company founded in 2011 and which 'has established itself as a leading provider of IT services and consulting'.
Finally, Unibail-Rodamco-Westfield (URW) says it has acquired a 38.9% stake in URW Germany GmbH and its related entities (URWG) from its joint venture partner Canada Pension Plan Investment Board (CPP Investments ).
