The Paris stock market is down nearly 0.3% this morning, around 8130 points, penalized by declines in LVMH (-1.7%) and Legrand (-1.2%).

The market environment looks relatively calm, with investors still digesting last week's accommodating announcements by the US Federal Reserve.

The Fed's conciliatory tone enabled Wall Street to return to the upside after two consecutive weeks of decline, with the Dow Jones, S&P 500 and Nasdaq posting weekly gains of over 2% to set new records.

The combination of better growth prospects, earnings-friendly inflation (with underlying inflation approaching 3%) and the consistent pivot of central banks has created a new investment environment", points out Florian Ielpo, Head of Macroeconomic Research at Lombard Odier Investment Managers.

The trend was less favorable in Paris, where the CAC 40 gave up 0.2% last week, as investors were tempted to take some profits after the recent highs reached by the Paris index.

After a gain of almost 20% since the end of October, the CAC now seems to be stumbling over the technical barrier of 8250 points, a resistance zone closely watched by investors.

Variations are likely to remain limited this Monday, and the trend is unlikely to be very lively, given the absence of any major events and the lack of any significant news.

The macroeconomic agenda looks particularly slim this Monday, with the publication after the Wall Street opening of new home sales, a relatively secondary indicator.

In French company news, Danone announced on Friday evening that it had obtained the Russian regulatory approvals required for the sale of its EDP activities in Russia to Vamin R LLC, with completion of the sale expected in the coming weeks.

Airbus announced on Monday that it had reached an agreement to acquire Infodas, a German company specializing in the cybersecurity sector.

Atos' share price edged up on Monday on the Paris Bourse after Onepoint boss David Layani announced his intention to rescue the ailing French technology group.

Finally, Micropole announces that it will ask Euronext to suspend its share price this Monday before trading, until further notice, its CEO Christian Poyau having been informed on Friday evening of the imminent filing of a public offer, possibly as early as Monday.

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