Posted January 2, 2023, 9:10 amUpdated January 2, 2023 at 9:16 am
After a negative vintage of 9.5% in 2022, the worst since 2018, the Paris Stock Exchange is up in the first stock exchanges in its first session of the new year, which promises to be calm due to the Chinese, Japanese, British and American closures markets, which will reopen on Tuesday. In New York, the S&P 500 and Nasdaq Composite fell 19% and 33%, respectively, last year, weighed down by heavyweights of “tech” and other growth stocks exposed to rising interest rates.
At 9:10, the Bedroom 40 it gained 0.80% to 5,525.29 points. All index components are in green, starting with Total Energyaunts, up 1.9%. Airbus for its part it takes 1.3%. The aircraft manufacturer is considering a minority stake in the capital of Evidian, the digital and cybersecurity arm of Atosthat the IT services group will split, reports the newspaper Les Échos, citing sources familiar with the matter. Athos jump 10%.
The least we can say is that 2023 looks like a new year at risk. The IMF managing director also warned about the economic outlook. Kristalina Georgieva warned on CBS Sunday’s Face the Nation that 2023 will be tougher than 2022 while the United States, Europe and China record a slowdown” simultaneous “, adding that a third of the world economy will be in recession, and in particular half of the countries of the European Union.
Towards a lowering of the IMF forecasts?
The IMF lowered its forecast for the global economy in October and Kristalina Georgieva’s comments suggest the institution may revise them lower soon. The IMF usually publishes its new projections at the Economic Forum in Davos, Switzerland, which takes place from 16 to 20 January.
In China, Xi Jinping announced yesterday in his New Year message that many challenges remain in the fight against Covid-19, and that this fight is entering a new phase by adopting a scientific and targeted approach. China’s healthcare system appears to be overwhelmed by the upsurge in Covid-19 cases. If Beijing “can weather the storm in the coming months, it could bode well for the rest of the year, but past experience suggests the path to lifting all Covid-related restrictions is fraught with pitfalls,” warns Craig Erlam , market analyst at Oanda.
The country’s economic activity also slowed in December to its slowest pace since 2020, hit hard by the abandonment of the zero Covid policy. The official PMI manufacturing index fell to 47 points, against 48 in November and that of services to 41.6, after 46.7.
Investors will watch the S&P Global Manufacturing PMI for the month of December in the eurozone in the morning. The macroeconomic agenda will expand from Wednesday with the minutes of the US Federal Reserve’s Monetary Policy Committee meeting for December, ahead of Friday’s release of December’s US jobs report.