The Paris stock market is on an uptrend this morning, gaining nearly 0.8% around the 7,275-point mark, driven in particular by Carrefour (+3.5%) and Saint-Gobain (+1.8%).

The Parisian index thus follows in Wall Street's footsteps, buoyed yesterday by a number of statistics confirming the resilience of the US economy.

The announcement of a jump in new home sales, followed by a sharp rise in the consumer confidence index, largely underpinned the trend on the New York Stock Exchange on Tuesday.

Optimism about the possibility of avoiding a recession should support the stock markets, with investors once again believing in the possibility of a painless landing for the economy.

Without a U.S. recession, a global recession is unlikely", say the teams at Evli, a Scandinavian asset management company.

A view shared by Carmignac's strategists.

As long as the economy slows down without collapsing, and the pace of disinflation is maintained, keeping long-term interest rates in check, equity markets should remain on a crest line", says Kevin Thozet, one of the Paris-based investment fund's strategists.

But if global growth continues to show resilience in the short term, this also means that central banks will have to continue tightening policy in the months ahead.

For the ECB President, inflation remains too high in Europe, and the institution will have to continue its fight against rising prices 'whatever the cost'.

In French company news, Orpea reports that it has applied to Euronext Paris and the Luxembourg Stock Exchange to suspend the listing of all its financial instruments, pending the outcome of votes by affected classes of parties on its accelerated safeguard plan.

TotalEnergies announced on Wednesday that it plans to invest 70 million euros in 2024 in its biorefinery at La Mède (Bouches-du-Rhône), with the aim of being able to process up to 100% waste from the circular economy to produce biofuels.

SES Space & Defense announces that its subsidiary DRS Global Enterprise Solutions (GES) has been awarded a five-year X-band blanket purchase contract, worth an estimated $134 million, from the US Department of Defense.

Finally, Thales announced on Wednesday that it has entered into a new partnership with Google Cloud to develop data protection functionalities based on generative artificial intelligence.

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