(CercleFinance.com) - The Paris Bourse (+0.3%) is set for an absolute record/intraday record double.
The intraday record is well and truly set at 8,048Pts (in non-existent volumes of 1.25 billion euros, with no buying and 0 selling).040Pts, which would make for a 19th week of gains with a pleasing score of +1.5%.

'From a technical point of view, if the craze continues, the current rise in the CAC 40 could continue towards 8,250 before taking a breather', says Jérémy Delsol, head of macroeconomic, markets and cryptocurrency analysis at Admirals.

Note that the CAC40 'GR' (dividends included) is gravitating towards 24,200 and has exactly 3 times the performance of the CAC 'nu' in 36 years (the 2 indices starting from the same base of 1,000Pts in January 1988).

Record also broken for the Euro-Stoxx50 (+0.2% to 4,985) and which is irresistibly tending towards 5,000.000 (+1.7% weekly).

These scores are very similar to those posted at the end of the morning, which means that the publication - so eagerly awaited - of the NFP was a non-event, as were the FED's Beige Book on Wednesday, Powell's speech and the ECB meeting on Thursday: everything was in line with market expectations.

There was little movement on Wall Street, where the US indices consolidated their previous day's records and set new ones to end the week on a high note: the Dow Jones climbed +0.3%, the Standard & Poor's 500 set a new record at 5,185 points, the Nasdaq Composite pulverized a new record above 16,380, the Nasdaq-100 soared +0.75% to 18,400, in the wake of Nvidia with +3.5% to $959, representing $2.400 billion (40 times its 2023 sales and 30 times its 2024 sales).

An hour before the opening, the NFP came in ahead of expectations with an unexpected acceleration in job creation to 275,000: the US Labor Department, on the other hand, sharply revised January's estimate downwards to 229,000 from 353,000.
The unemployment rate rose to 3.9% in February from 3.7% the previous month, while the rise in average hourly earnings slowed to a reassuring 0.1% month-on-month and 4.3% year-on-year.

US T-Bonds remain virtually unchanged at around 4.09%, while Bunds and OATs are down -4pts at 2.255% and 2.700% respectively.
Gold ounces set a new all-time record at $2,185/Oz, while Bicoin experienced a "saloon door" sequence with a record high of around $70,160 before a -$400 drop to $66,180.

In news from French companies, Stef reported net income (group share) for 2023 of 191.6 million euros, compared with 146.4 million the previous year, and operating income before non-recurring items up 6.1% to 247.3 million.

Rubis reports record net income (group share) of 354 million euros for the past year, up 35% despite negative currency effects, as well as record gross operating income, up 19% to 798 million.

Savencia Fromage & Dairy reports net income, group share (RNPG) of 96.5 million euros for 2023, compared with 68 million the previous year, despite current operating income down 9.1% to 212.9 million.


Copyright (c) 2024 CercleFinance.com. All rights reserved.