The Paris stock market lost almost 0.2% around 7,650 points, penalized in particular by L'Oréal's heavy decline (-6.6%) following its results.

The Paris market seems to be heading for a session like those of the last few days, with traders looking for concrete elements to enable them to choose a clear direction.

The week just ended also revealed major disparities in global growth, with the US economy in insolent health, far ahead of Europe and China, which are tending, at best, to stagnate.

With the prospect of a "soft landing" in the United States becoming ever clearer, statements by several Fed members also called into question the scenario of further rate cuts.

Over the week, the CAC 40 is currently up around 1%, bringing its gains since January 1 to 1.6%.

By way of comparison, the S&P 500 can already boast an increase of 4.8% this year.

Macroeconomic conditions should have a greater influence on the markets next week, with the latest inflation figures in the USA, followed by fourth-quarter growth figures in the Eurozone.

In the meantime, equity markets continue to ignore tensions on the rates market, with the most optimistic seeing them as proof of the robustness of the US economy.

T-Bonds continue to soar, with yields approaching 4.17% on the 10-year, the highest since the start of the year. In Germany, the Bund with the same maturity is approaching 2.36% (+11 pts).

Brent crude is down 0.1% at $81.6 a barrel, while the euro remains stable against the greenback at $1.077/E.

In news from French companies, Hermès International (+4.1%) reported this morning a 28% increase in net income (Group share) to 4.31 billion euros for 2023, as well as a 20% increase in operating income before non-recurring items to 5.65 billion, giving a record margin of 42.1% compared with 40.5% in 2022.

L'Oréal reported last night sales of 41.18 billion euros for the year to December 31, 2023, up 11% on a like-for-like basis. Net income, Group share, excluding non-recurring items, came to 6,487 million euros.

Assystem posted sales growth of 17% to 577.5 million euros for 2023, of which 14.6% on an organic basis. Excluding the Pacific activities sold in December 2023, sales came to 563.7 million (for an annual target of around 570 million).

Casino reports that, in accordance with the memorandum of intent signed on January 24, Carrefour has replaced Groupement Les Mousquetaires for the acquisition of certain Casino hypermarkets and supermarkets initially to be acquired by the latter.

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