(CercleFinance.com) – The Paris stock market concluded the session with a gain of 0.37%, at 7,330 points, driven by Accor (+4.7%), Société Générale (+4.3%) and Stellantis (+3.7%).
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 relatively resistant to political turbulence.
A sign that the 'censorship' does not worry currency traders, the euro is up more than 0.5% against the greenback, towards $1.057/E.
Across the Atlantic, movements are limited, with the Nasdaq at +0.1% while the S&P500 is in balance and the Dow Jones is down 0.2%.
On the statistical front, the US trade deficit narrowed sharply to $73.8 billion in October, from $83.8 billion the previous month (which was revised from an initial estimate of $84.8 billion). .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.
In the bond compartment, 10-year US T-Bonds deteriorated by +2.5 points towards 4.2060%, the yield on French OATs moved to 2.878/2.882% (-1.5 points in 24 hours), the German Bund s established at 2.108% (+5Pts), which means that the rate spread 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 for deregulation of the cryptocurrency sector with Trump's upcoming return 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 (-7.3%) 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 ).
