The Paris stock market is literally at a standstill (score unchanged) after a timid rise of 0.3% this morning.

The change of government has left our investors unmoved, though perhaps they'll show a little interest when they see the list of ministers.
No reaction either to manufacturing production figures: up slightly in November by +0.3% after +0.2% in October, and rebounding in industry as a whole (+0.5% after -0.3%), according to Insee's CVS-CJO data.

The CAC40 stalled once again at around 7,450 points, but stayed afloat thanks to Hermès (+1.3%) and Safran (+1%).

The Euro-Stoxx50 was also 'flat' at 4,466pts, after oscillating narrowly between 4,460 and 4,480, in volumes worthy of a December 24th trading day.

Market initiatives remain limited ahead of a busy weekend of economic indicators and results.

Wall Street has just reopened slightly higher, but spreads do not exceed 0.1% on either the Dow Jones or the S&P500.

This wait-and-see mood is likely to prevail until tomorrow's release of US inflation data, which will help determine the trajectory of the Federal Reserve's monetary policy.

The fourth-quarter earnings season for US companies is also due to get underway on Friday, with releases from major banking groups JPMorgan Chase, Bank of America and Wells Fargo.

Today's session will also see no major movement on the bond market, in the absence of any major economic indicators: US wholesale inventories fell slightly again, by 0.2% in November 2023, according to the Commerce Department, after -0.3% in October.... data which are 2 months old and irrelevant for determining future trends.

US T-Bonds are easing -1Pt to 4.005%, while Bunds and our OATs are rallying +1Pt to 2.199% and 2.7320% respectively.

Oil continues to bounce back, up +1.4% to 78.6%, with the euro up +0.2% to 1.0950 against the dollar.

In company news, Valneva announces the vaccination of the first participant in its Phase 2 clinical trial evaluating the safety and immunogenicity of two different doses of its single-injection chikungunya vaccine in children.

TotalEnergies announces that it has signed an agreement with Impact Oil and Gas Namibia (Pty) Ltd to acquire additional interests of 10.5% in Block 2913B and 9.39% in Block 2912, operated by the French oil and gas group in Namibia.

Finally, Vantiva (formerly known as Technicolor) announces the completion of a reserved capital increase of almost 87.6 million euros, paid up by debt set-off, with cancellation of the preferential subscription right in favor of CommScope.

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