The Paris Bourse confirmed its upward trend this afternoon, with a 0.6% gain towards 6,550 points, in thin trading volumes due to the absence of some investors during this week's "trêve des confiseurs". The index benefited from the strong advance of luxury goods stocks (LVMH, Hermès, Kering) following news of the easing of sanitary measures in China.

After the long Christmas weekend, the S&P500 (-0.4%) and the Nasdaq (-0.7%) are showing a rather lacklustre trend on Wall Street this Tuesday.

In Beijing, the Chinese authorities have decided to lift the mandatory anti-Covid-19 quarantine for anyone entering the country as of January 8", noted Kiplink Finance.

Only one statistic was published today. The US goods trade deficit fell sharply to $83.3 billion in November, compared with $98.8 billion in October, as imports fell more than exports.

This month-on-month improvement is in fact explained by a $20.8 billion reduction in US imports, significantly greater than the $5.3 billion drop in exports over the same period.

On the Paris stock front, Ipsen reported on Friday evening that it had received a complete response letter from the FDA on its application for approval of palovarotene, an experimental treatment for fibrodysplasia ossificans progressiva.

Bic announced the finalization of its ESG share buyback program, announced and started in January 2022, carried out by BNP Paribas Exane on the basis of the authorization granted by the Annual General Meeting on May 19, 2021.

Unibail-Rodamco-Westfield (URW) announced today that it has finalized the sale of The Village, a property of nearly 56,000m2 located in the San Fernando Valley, Los Angeles, to the Kroenke organization. The sale price of $325 million (100%, URW share 55%), reflects a 5.6% return on net operating income, and a 10.6% discount to the last appraisal.

TotalEnergies EP Gabon, a 58.3%-owned subsidiary of TotalEnergies, reports that it has signed an agreement with the Gabonese Republic to restructure certain provisions of the establishment agreement, the duration of which has been extended to 2042.

The company has also signed a new exploitation and production sharing contract (CEPP) with Gabon - holder of a quarter of its capital - on the Baudroie-Mérou Marine G5-143 permit, for a term of 25 years to 2047.

Copyright (c) 2022 CercleFinance.com. All rights reserved.