The Paris Bourse (+0.6%) increased its gains, while the Nasdaq -not surprisingly- came out of the red in the space of an hour.

The CAC (4,375) returned to its mid-August highs and closed the 7,366-point gap, in the wake of URW (+2%), BNP-Paribas and STMicro (+1.9%)... but still in anemic volumes.
The Euro-Stoxx50 is not doing badly either, with +0.8% at 4,450 (+17% year-on-year), while the all-time high (4,571) is now just twenty points away, or 0.5%

Wall Street is generally erasing its initial decline, but scores remain mixed: +0.4% on the Nasdaq, +0.1% on the S&P500 and -0.3% on the Dow Jones.
Traders are more cautious 72 hours ahead of the eagerly-awaited monthly employment report (NFP), due for release on Friday.

Meanwhile, growth in the US service sector rose more than expected in November, according to the results of the Institute for Supply Management's (ISM) monthly survey of purchasing managers: the index stood at 52.7 last month, compared with 51.8 in October, while economists were expecting a figure of 52.3.

The employment component rose to 50.7 from 50.2 last month, while the new orders sub-index remained stable at 55.5.
The inventory sentiment index rose to 62.2 from 54.4 in October, a level the Institute for Supply Management considers 'too high'.
The S&P Global composite PMI index was revised 'unchanged' to 50.7, in line with its flash estimate and October level.

The institute points to a return to new business growth in services and an easing of cost pressures.

In Europe this time, investors welcomed without emotion or disappointment the HCOB composite PMI index for the eurozone.

This rose from 46.5 in October (a 35-month low) to 47.6 in November (its highest level since last July).

In France, the PMI HCOB index finally came in at 44.6 in November (revised from a flash estimate of 44.5), stable on October, signalling a further marked contraction in private sector activity.

On the other hand, the UK services PMI came in at 50.9 last month, higher than its first estimate published on November 23 (50.5) and up 1.4 points on October (49.5).
This is no cause for rejoicing for the 'City', as the FT-100 is alone in its decline on the Old Continent.

On the bond market, 10-year T-Bonds resumed their downward trend, falling 12 points to 4.17%, close to a 5-month low.

The 10-year German Bund, the eurozone's benchmark rate, also eased by -9pts to 2.750%, as investors sought refuge in bonds in view of the economic slowdown taking shape on the Old Continent.

Our - euphoric - OATs returned to their recent lows with -13pts to 2.792%.

On the foreign exchange market, the euro slips -0.25%, while the dollar climbs back to $1.081/euro...

Lastly, Brent crude oil gains 0.2% to around $78.3 a barrel, while gold loses 1% to $2030 an ounce, just 24 hours after setting a new all-time record at $2,151.

In French company news, the European Court of Justice ruled in Engie's favor, overturning a decision by the European Commission. The latter had denounced a tax arrangement between the group and Luxembourg, and ordered Engie to pay the duchy the sum of 120 million euros. According to the Court of Justice, the Commission had 'misinterpreted Union law'.

This morning, Engie announces the inauguration of Europe's 1st green hydrogen production and distribution station at Toulouse-Blagnac airport.

TotalEnergies announces the signature of three cooperation agreements with Petrobras, SOCAR and Sonangol to deploy methane emission detection and measurement campaigns using AUSEA technology on oil and gas installations in Brazil, Azerbaijan and Angola respectively.

Renault do Brasil announces an investment of 350 million euros for the production of a new C-segment SUV on the group's new modular platform, such as the Kardian, a new vehicle that will feature a hybrid engine.

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