After losing nearly 1.9% yesterday, the Paris stock market is back on the right foot this morning, and is currently gaining nearly 0.5% around 6990 points, driven in particular by Thales (+1.5%) and Vivendi (+1.4%).

Yesterday, from Davos, several Federal Reserve and ECB officials sent the markets a message of firmness and determination in their fight against inflation, a warning heard by market participants a week ahead of the Fed meeting.

Against this backdrop, Wall Street also ended in the red on Thursday evening, affected by profit-taking after its strong rise in the first two weeks of the year. At the final bell, the Dow Jones lost nearly 0.8%, while the Nasdaq Composite shed around 1%.

Some strategists believe that the markets have gone too high too fast at the start of 2023, and may now feel the need to consolidate.

Investors will be looking for clarity with the statistics expected this Friday, namely UK retail sales and US sales of older homes.

On the bond market, government bond yields are little changed, with the US ten-year holding steady at around the 3.40% mark.

The dollar is not taking advantage of the slight rise in yields to initiate the slightest rebound, and is still losing ground against the euro, at around $1.0830 to the euro.

In company news, Orpea reports that it has halted negotiations between a consortium of third-party French investors led by the Caisse des Dépôts et Consignations (CDC) and a group of unsecured financial creditors holding around 50% of its unsecured debt.

EDF announces the success of a senior bond issue for a nominal amount of two billion euros and £950 million, issued in four tranches with maturities ranging from nine to 30 years and coupons from 4.25% to 5.625%.

For the full year 2022, Boiron reports a 17.4% increase in sales to 534.2 million euros, including 13.6% growth at constant exchange rates (+9.4% in France and +26.1% internationally).

Lastly, Argan reported a 6% increase in net recurring income (group share) for 2022, to 118.9 million euros (or 5.2 euros per share), representing 72% of rental income, which also rose by 6% to 166 million.

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