The Paris Bourse continued to climb, ending the session with a 0.7% gain at 7,892 points, recording its 8th consecutive session of gains, with the support of Société Générale (+2.3%), Safran (+2.1%) and URW (+1.8%).

Since its low point on November 27, the Paris index has rebounded by almost 11%.

The 7,800 resistance level (ex-zenith of September 27, 2024) was crossed with disconcerting ease, the contraction of the OAT/Bund spread to 78 pts being deemed encouraging.

Across the Atlantic, the Dow Jones gained +0.4% ahead of the S&P500 (+0.1%), while the Nasdaq lost 0.3%.

Tuesday evening's launch by the White House of a gigantic investment plan in AI - dubbed 'stargate'- in the United States reinforced the feeling of confidence prevailing on the markets.

All US indices had gained ground last night (except for the Russell-2000), with the S&P 500 even setting a new all-time record above 6,100 points during the session.

Investors are now awaiting tomorrow's PMI figures for Europe.

For the time being, the "figure of the day" concerns weekly jobless claims: the Labor Department announced that 223,000 new jobless claims were registered in the United States in the week to January 13, up by 6,000 on the previous week.

In France, the business climate was virtually stable in January, according to the synthetic indicator calculated by Insee on the basis of business leaders' responses, which gained one point to 95 and thus remained below its long-term average (100).

On the FOREX side, the session was extremely calm, with the euro remaining stable at around $1.041.

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

In the United States, the yield on 10-year Treasuries fell by +5.5pts to 4.655%, while the 30-year yield rose by +5.4pts to 4.8700%.

The yield on the 10-year German Bund was 2.51%, while that on the OAT with the same maturity was 3.29%, giving a spread between France and Germany of 78 points.

Finally, Brent crude oil was down 0.5% in London, to $78.6 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 once again in excess of 200 ME, Interparfums has achieved its objectives for the year as a whole: sales for the 2024 financial year amount to 880.5 ME, up 10.3% at current and constant exchange rates compared with the 2023 financial year.

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

In addition, Safran Aircraft Engines has announced that it has finalized the acquisition of CRT (Component Repair Technologies), a leading global company specializing in the repair of aero-engine parts, based in Mentor (Ohio, USA).

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 carbon capture gas-fired power plant in the UK.


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