After hovering around its equilibrium point for a long time, the Paris stock market tipped more sharply into the red at 4pm, finally ending the session down 0.61% at around 6,510 points, virtually the day's low (6,506 points).

Volumes were low, typical of the end-of-year period, with less than 1.7 billion euros traded since the opening of the session.

The same downward dynamic was observed on the other side of the Atlantic, where the S&P500 lost 0.6%, ahead of the Nasdaq (-1%) and behind the Dow Jones (-0.5%), the day after a session that saw some technology stocks lose ground, such as Tesla (-11.4%).

At Kiplink, we note investors' persistent fears about interest rates and the risk of recession, which are understandably generating a degree of caution among the few investors present during the holiday season.

What's more, 'a santa rally looks difficult this year, as the financial markets celebrated Christmas a little earlier, with strong gains in November on the majority of global indices', pointed out Vincent Boy, analyst at IG France, at the beginning of last week.

'Indeed, falling inflation and the prospect of a Fed pivot, combined with a soft landing for the economy, have led to a certain euphoria in recent months', he indicated.

In other stock news, Neoen has signed a 215 MW Power Purchase Agreement (PPA) with Stanwell Corporation, a 15-year contract representing 65% of the production capacity of the Mount Hopeful wind farm in Australia.

AB Science has received orphan drug designation (ODS) for its masitinib from the Swiss Agency for Therapeutic Products (Swissmedic) for the treatment of patients suffering from amyotrophic lateral sclerosis.

Entech announces that it has won an order from Engie Laborelec for a battery storage system to be installed at the European Marine Energy Centre (EMEC) on the island of Eday, in the Orkney archipelago to the north of Scotland.

Lastly, Vergnet reports that construction of the Agadez hybrid solar/diesel power plant in Niger, one of the largest hybrid photovoltaic projects in Africa and considered 'particularly strategic for the Group', is being stepped up.

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