: finishes in green despite the political crisis – 05/12/2024 at 5:54 p.m.

: finishes in green despite the political crisis – 05/12/2024 at 5:54 p.m.
Paris: finishes in green despite the political crisis – 05/12/2024 at 5:54 p.m.

(CercleFinance.com) – The 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 , 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 ).

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