The Paris stock market (+0.6% at 7,885) has posted its 8th consecutive session of gains and is now closing in on the 8,000Pts mark (now at 1.5%).
Since its low point on November 27, the CAC has rebounded by 11%.
The 7,800 resistance level (ex-zenith of September 27, 2024) has been broken with disconcerting ease, the contraction of the OAT/Bund spread towards 77Pts being deemed encouraging.
The Euro-Stoxx50 is once again lagging behind the CAC40, having just broken out of the red at 5,205... but new records could be broken as early as this Thursday with a symbolic rise (all that's needed is to go above 5,229Pts).
Wall Street has returned to its record levels, with the S&P500 registering a new 'top' at 6.101Pts (down just 0.1% on Thursday).
The Dow Jones gained +0.2%, the Nasdaq gave up 0.4% but remained within 1% of its zenith of 6,200Pts.

The White House's launch, on Tuesday evening, of a gigantic plan to invest in AI in the United States reinforced the feeling of confidence prevailing on the markets.

All the US indices gained ground last night, with the S&P 500 even setting a new all-time high above the 6,100-point mark during the session.

Beyond the optimism surrounding AI, Wall Street was buoyed by better-than-expected results from Netflix (+9.7%), deemed a good omen ahead of the tech giants' publications scheduled for next week.

Nvidia consolidated its position as the world's No. 1 capitalization at nearly $3,500 billion (it lost 2% at the opening, which doesn't change anything), while Apple - which faces stiff competition from Samsung and is losing ground in China - could well go from No. 1 'global capi' to No. 3 in a single week.
Note ARM's +16% surge on Wednesday... but the market got a little carried away and the stock lost 9%.

This is a reminder not to be too cautious by underweighting risk exposure during periods when macroeconomic, microeconomic and monetary factors are favorable, even if political issues occupy 90% of media headlines", Danske Bank analysts pointed out this morning.

However, despite the enthusiasm at the start of the year, some investors may be tempted to go on the defensive as they await tomorrow's PMI figures for Europe.

For the moment, the "figure of the day" concerns weekly jobless claims: the Labor Department announced that 223.000 new jobless claims in the US in the week to January 13, up by 6,000 on the previous week.
The four-week moving average - more representative of the underlying trend - came in at 213,500, up anecdotally by 750 on the previous week.

On the FOREX side, the session was extremely quiet: the euro's recent rally stalled at the start of the week, and it is stable at 1.041 against the greenback, with the yen gaining at best 0.1% against the dollar.

With the return of risk appetite that has been driving equity markets for the past ten days, bonds are holding little appeal, leading them to continue their recent episode of consolidation.

In the United States, the yield on 10-year Treasuries fell by +5pts to 4.65%, while the 30-year yield rose by +5.5pts to 4.8700%.

The yield on the 10-year German Bund rose by +2.7pts to 2.527%, while the yield on the OAT with the same maturity fell by +4pts to 3.303%, giving a France/Germany spread of 77.5 points.

Finally, Brent crude oil gained nearly 0.5% in London, while WTI gained +0.6% to 75.8 on the NYMEX.

In French company news, Groupe Seb announced the acquisition of La Brigade de Buyer, an international group owning the de Buyer, Sabatier and 32 Dumas brands in the cookware, pastry and cutlery sectors.

With quarterly sales again in excess of 200 ME, Interparfums achieves its full-year targets: sales for fiscal 2024 amount to 880.5 ME, up 10.3% at current and constant exchange rates compared to fiscal 2023.

Safran may acquire some of Eviden's activities, according to La Lettre. The amount of the sale has not yet been determined, and the valuation of the assets is the subject of major negotiations, says the publication.

Finally, Technip Energies announced on Thursday that it had been selected by Germany's Uniper to carry out the front-end engineering design (FEED) for a new gas-fired power plant with carbon capture located at

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