Market: the buying trend continues unabated
At around 8:15 a.m., the future contract on the CAC 40 index - which has now switched to the February timeframe - was up 11.5 points at 7744.5, pointing to a fifth consecutive session in the green.
The US equity markets will be closed on Monday for the Martin Luther King Day celebrations, and the day's European agenda does not include any economic indicators likely to boost the session.
But the underlying trend should continue to be driven by hopes that the future Trump administration will capitalize on the current good health of the US economy, which should benefit equities.
In this favorable climate, the major New York indices gained between 2.4% (for the Nasdaq) and 3.7% (for the Dow Jones) over the past week.
With a weekly gain of 2.9%, the S&P 500 managed on Friday to come within 2% of its all-time record set on December 6.
The Paris market was not to be outdone, with the CAC 40 gaining almost 4% over the past week to return above the 7,700-point threshold and now posting a 4.5% gain since the start of the year.
In Germany, the DAX is trading at zeniths, materializing a leap of over 50% since the end of 2022, despite the country's sluggish, or even non-existent, growth.
Once sceptical about the inflationary effects of the policies to be implemented by the new American president, investors are now betting on the beneficial impact of the economic deregulation measures promised by the New York businessman.
They are betting particularly on the adoption of an institutional framework favourable to crypto-currencies, as well as on their increased use for everyday settlements and payments.
Proof of the craze surrounding the sector, the price of bitcoin has soared in recent days, and today stands at $105,800, close to its all-time high of $108,000 reached last month.
Some analysts see the virtual currency eventually reaching the $120,000 mark.
Launched to great fanfare over the weekend, Donald Trump's new cryptocurrency, the Trump Coin, has seen its valuation rise to several billion dollars in just a few hours.
Still in the digital sphere, observers are expecting Donald Trump to quickly issue an executive order to allow TikTok, which was recently banned by the Supreme Court, to continue operating in the USA via a buyout or partnership.
After a promising start marked by strong earnings reports from the major US banks, the US earnings season is set to accelerate this week.
Numerous heavyweights such as Netflix, Procter & Gamble, Johnson & Johnson, American Express and Verizon are set to unveil their quarterly performances.
In Europe, we'll have to wait for the publication of the latest PMI indices measuring private sector activity, scheduled for Friday, to see the calendar come alive.
Risk appetite fueled by hopes linked to Donald Trump's arrival in the White House is not supporting the dollar, which continues to be penalized by the recent fall in bond yields across the Atlantic.
The greenback retreated against several reference currencies, including the euro, which climbed back above 1.03.
On the bond market, the yield on 10-year Treasuries stabilized at around 4.60%, far from the 4.80% reached a week ago, while its German equivalent was also stable at 2.53%.
Crude oil prices fell victim to some profit-taking after reaching their highest level in four months last week.
After approaching $81 a barrel in the wake of new US sanctions against Russia, Brent North Sea crude fell back 0.4% to below $80.5, while US light crude lost 0.3% to $77.7.
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