After extending its gain on Tuesday January 3 (+0.44%) after a 1.87% jump the day before for its first session of the year, the CCA 40 remains supported, this Wednesday January 4th. The Parisian coast recorded in 2022 its worst year since 2018 (-9.5%). Wall Street closed its first session of 2023 with a downward trend, continuing the gloomy trend of the end of the previous year, weighed down in particular on Tuesday by the decline in securities of You are here and’Apple. “This morning the European indices should open without a real trend in the wake of the closure of New York and doubts about global economic growth after the call for caution from the International Monetary Fund (IMF),” said John Plassard, investment specialist at Mirabaud.
Investors waiting for a series of data
On the trading floor, fears of a rise in interest rates and a recession in the United States add to the uncertainties related to the explosion of Covid 19 cases in China that put pressure on growth prospects. “Investors are now expecting a slew of data this week that could drive the outlook for growth and monetary policy, including manufacturing PMIs from major economies, a major monthly report on US jobs and the latest Fed,” Mirabaud points out.
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After the close in Paris, market participants will review the minutes of the last monetary meeting of United States Federal Reserve at the end of which he raised rates by 50 basis points and reaffirmed his intention to continue with the restrictive policy until inflation returned to acceptable levels. They expect indications on the path of interest rates in 2023.
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