The Paris stock market is stable this morning at around 7840 points, marking a pause after seven consecutive sessions of gains.

Since its low point on November 27, the CAC has rebounded by 10.5%.

The White House's launch on Tuesday evening of a gigantic investment plan for AI in the United States has bolstered the feeling of confidence prevailing on the markets.

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

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

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 stressed 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 the European PMI activity indices to be published tomorrow.

The markets could also be overtaken by fears of a trade war, as Donald Trump has made no secret of his intention to impose new tariffs on imports from Canada, Mexico and China, which could in turn retaliate by unveiling retaliatory measures.

The new American president has also expressed his intention to penalize the European Union for its "worrying" trade surplus with the USA.

Concerns are also being expressed about the euro's recent upturn, which could put the brakes on Europe's fragile growth recovery.

The single currency remains stable against the greenback, at around $1.04.

With the return of risk appetite in the equity markets over the past ten days, bonds are proving less attractive, and are continuing their recent consolidation.

In the United States, the yield on 10-year Treasuries is down to 4.62%.

The yield on the ten-year German Bund rose to 2.50%, while the yield on the OAT with the same maturity fell to 3.28%, giving a France/Germany spread of 78 points.

Finally, Brent crude oil gained almost 0.3% in London, to around $79.2 a barrel.

In French company news, Groupe Seb announces 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 in the UK.

Copyright (c) 2025 CercleFinance.com. All rights reserved.