The Paris stock market is at equilibrium this morning around 8020 points, despite Teleperformance's 4.6% rise after its 23% decline the previous day.

This afternoon, investors will be looking across the Atlantic for US employment figures, which could potentially maintain the euphoric mood of the previous day.

Indeed, buoyed by the ECB's more accommodating tone, the Paris index yesterday broke through the symbolic 8,000-point threshold for the first time in its history, setting a new closing record above 8,016.2 points.

For the week as a whole, the CAC is currently posting a weekly gain of around 1%.

Investors will be hoping to see US employment figures that are neither too high nor too low, likely to confirm the trajectory forecast by the Fed, which this week said it was considering a rate cut 'at some point' this year.

The consensus forecast is for around 200.000 job creations in February, after the 353,000 announced for December, with the unemployment rate stable at 3.7%.

According to Bastien Drut, Head of Strategy and Economic Research at CPR AM, this slowdown "should confirm the Fed's plan to begin a cycle of monetary easing shortly".

With the prospect of rate cuts on both sides of the Atlantic, resilient economic activity and the emergence of AI likely to support growth, new peaks seem to be on the horizon for the CAC.


"From a technical point of view, if the craze continues, the current rise in the CAC 40 could continue towards 8250 before being subject to a breather", thus estimates Jérémy Delsol, head of macroeconomic, markets and cryptocurrency analysis at Admirals.

In news from French companies, Stef has published net income (group share) for 2023 of 191.6 million euros, compared with 146.4 million the previous year, as well as 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.

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