The CAC (+0.3% to 7,556) will be a dozen points short of finishing this (shortened) week in the green.
The index has been trading in a narrow corridor between 7530 and 7600 points for 13 sessions now.

Such stability in the Paris market (1% amplitude range) may seem supernatural, but it illustrates the power of "algorithmic piloting", against a backdrop of evaporating volumes (with 560MnsE traded with 30Mn to go).
Over 2023 as a whole, the index's best performers were Stellantis (+59%), Saint-Gobain (+45%) and Publicis (+41%), while Alstom (-47%) and Teleperformance (-40%) were the index's red lanterns.

Emblematically, it is the luxury sector (LVMH, Kering and Hermès) that is keeping Paris afloat, while Wall Street is consolidating by -0.2 or -3%, which does not compromise the materialization of a 9th consecutive week of gains (with a margin of +0.5 to +0.6%, which should suffice for this last trading day, shortened on Friday).
In 2 months, the S&P (-0.2%) has seen only one session down to -1.5% on December 20 (and no other above -0.8%)... followed by five consecutive positive sessions, four of which set an intraday annual record.

In a note published last night, Dan Ives, Wedbush Securities' star analyst, reiterated his expectation of a further rise of around 25% in the major US technology stocks next year (the 'Fantastic 7' + some semiconductors), which would be an undeniable driving force for global equity markets.

It's worth noting that these '7 Fantastics' have gained +103% this year (on an equally-weighted basis) and accounted for 90% of the S&P500's performance, a concentration not seen in a century, and John.D Rockefeller's Standard Oil before 1911.

On the bond front, the year ended with a clear consolidation on our OATs, with +8.3Pts at 2.554%, +8.2Pts on Bunds at 2.022%, +10.5Pts on Italian BTPs at 3.7070%... but only +1Pts on US T-Bonds at 3.862%.

On the currency markets, the dollar is regaining some of its color, but the surge remains modest, and the break of multiple supports this week has not been invalidated.

The euro is currently stable against the greenback, (-0.05%) at around $1.1060/euro, and is holding above the former resistance of $1.1030.
Note that WTI is up +0.5% at $72.1/barrel.

In other French company news, Voltalia has announced the sale of 100% of its operating wind farms in Sarry (23.1 megawatts) and Molinons (10 megawatts). With a total capacity of 33.1 megawatts, they are located in the Burgundy-Franche-Comté region.

Clariane announces the finalization of its second real estate partnership with Crédit Agricole Assurances, for a total amount of 90 million euros, covering 11 assets in the UK with a gross value of around 227 million euros, excluding rights.

Lastly, Carmat announced last night a software enhancement that "significantly" improves the safety profile of its Aeson artificial heart.

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