The control room of Euronext, the company that manages the Paris Stock Exchange (AFP/Eric PIERMONT)
On Monday, the first day of the week, the Paris Stock Exchange fluctuated around equilibrium under the seal of the World Economic Forum in Davos and a meeting of the Bank of Japan (BoJ) plus continued company publications.
After a cautious to higher open, the top CAC 40 index was stable (-0.02%) around 10:30am. The Paris rating finished again on Friday, above 7,000 points for the first time since February 11, 2022.
US markets also closed higher on Friday on the back of improving consumer confidence, lower US inflation estimates and early financial company results.
The day’s session promises to be quiet as Wall Street will be closed due to Martin Luther King Day, a public holiday in the United States.
We will have to wait until Tuesday to have a more complete agenda with Chinese growth in the last quarter of 2022, labor market statistics (November) in Great Britain and the German ZEW barometer (January) which measures investor sentiment.
“The strategy that central banks will pursue will remain one of the keys” until 2023, writes Sebastian Paris Horvitz, analyst at La Banque Postale AM, noting that “the questions about the pace to follow for hikes and the level at which rates should stop Key rates remain a major debate in the markets.”
In this context, adds the expert, “the market is alert to the decisions that will be taken this Wednesday” by the Central Bank of Japan (BoJ), which has maintained an accommodating policy over the past year. vast majority of major central banks.
Most economists don’t expect the BoJ to change course this week, but the bets are increasingly on.
The evolution of monetary policy will also be examined at the World Economic Forum in Davos, where several central bankers will speak this week.
Healthcare stocks were in good shape: Eurofins (+2.14%), Valneva (+5.15%), ERYTech Pharam (+6.90%), OSE Immunotherapeutics (+3.59%) Sartorius Stedim Biotech (+3.14%), Nanobiotix (+3.59%).
TotalEnergies launches an oil project in Brazil
TotalEnergies (+0.37% to 59.95 euros) announced that it has approved the final investment decision for the development of Lapa South-West, located in the Santos basin, approximately 300 kilometers from the Brazilian coast.