The Paris Bourse lost nearly 0.1% this morning, around 7565 points, penalized by Safran, which shed 1.7%, behind Hermès (-1.3%) and Airbus (-1%).

After peaking at over 7,600 points at the end of last week, the Paris market has been in a horizontal consolidation phase since the start of the week.

Against this backdrop, the Paris index is moving within a narrow corridor, ranging from 7550 to 7580 points.

Graphically and fundamentally, the bullish movement remains very active, but after all this long upward sequence, and with only a few days to go before the end of the 2023 financial year, the search for catalysts seems to be lacking", explain the analysts at Kiplink Finance.

However, the race for absolute records continues in New York, where the Dow Jones climbed 0.7% yesterday, while the Nasdaq Composite (also +0.7%) broke the 15,000-point barrier once again.

While the latest US inflation figures are expected tomorrow, the day's agenda will be limited to the release of US old home sales, followed by the Conference Board's consumer confidence index.

On the bond front, the yield on 10-year Treasuries fell to 3.88%, while the 10-year Bund, the eurozone's benchmark rate, dropped to 1.98%, its lowest level since the start of the year.

Rate futures now incorporate a 69% probability of a rate cut following the Fed's meeting at the end of March, compared with 28% a month ago, according to CME Group's FedWatch barometer.

On the foreign exchange market, the euro is trading at $1.096 (-0.2%).

On the commodities front, oil prices confirmed their recovery, as a growing number of attacks on ships in the Red Sea by Yemeni Houthi rebels with close ties to Iran disrupted maritime trade.

Brent crude oil is currently up nearly 0.5% at around $79.7 a barrel.

In French company news, Alstom announced today that it has launched its first digital experience center in Bangalore, India.

Orange Business announces the acquisition of Expertime, a services company specializing in Microsoft technologies, to contribute to its ambition to accelerate its growth in digital services and become the benchmark network and digital integrator in Europe.

Following the devaluation of more than 50% of the Argentine peso on December 13, Verallia warns that the impact of converting its local sales into euros will not enable it to achieve its annual growth target of at least 20% of total sales by 2023.

Finally, the Caisse des Dépôts-led consortium comprising CNP Assurances, MAIF and MACSF announced last night that it held 50.2% of Orpea following the capital increase completed by the retirement home operator.

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