The Paris Bourse ended the session with a gain of 0.86%, at 7827 points, driven by Renault and Legrand (+3%), enabling the Paris index to record its 7th consecutive session of gains.

The momentum is also bullish across the Atlantic, with +0.2% for the Dow Jones, +0.7% for the S&P500 and +1.3% for the Nasdaq, boosted by Netflix's +11% and Nvidia's 3.5%.

The optimism generated by Donald Trump's return to the White House is helping to revitalize Wall Street, which is closing in on its December highs.

While investors are betting heavily on the tax cuts and deregulation measures promised by the new president, a certain vagueness continues to surround the concrete implementation of his trade policy.

Clarity on this point is still rather difficult to grasp", laments Michael Brown, strategist at Pepperstone, while pointing out that the worst-case scenario, namely the imposition of so-called "universal" customs duties, seems to be out of the question for the time being.

However, the "Trumponomics" and the real estate magnate's decisions on trade policy will be decisive for developments in the markets over the coming months.

Should his announcements turn out to be heavier than expected, the ensuing volatility could well create turmoil in the financial markets.

"The new administration does, however, have a vested interest in fuelling the upward trajectory of equity markets, especially as Trump has made the Dow's performance his own yardstick for measuring success", Michael Brown, at Pepperstone.

In this respect, the results of major technology heavyweights such as Apple, Meta and Microsoft - expected next week - could support the trend on Wall Street.

On the bond front, the yield on the ten-year German Bund pulled back by 1.3Pt to 2.493%, while the yield on the OAT with the same maturity fell by 1.5 basis points to 3.258%, pushing the France/Germany spread back below 76 points.

Donald Trump's vagueness on trade issues is perplexing the bond market, with the yield on 10-year Treasuries down +2 points to 4.594%.

After its recent rebound back above $1.04, the euro is stabilizing in the 1.043 zone against the greenback (no change at 5 p.m.).

In oil, Brent crude remains under pressure at -0.4% to $79.
In French company news, Sanofi reports that the European Commission has approved its Sarclisa in combination with the VRd reference regimen, for the treatment of newly diagnosed multiple myeloma (MMND) in adults ineligible for autologous stem cell transplantation.

AXA IM Prime, via its GP Stake strategy, and Patria Investments, via its Global Private Market Solutions (Patria GMPS) strategy, announce an agreement to each acquire a stake of around 15% in Latour Capital.
Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), announces that it has signed a contract with the Italian Space Agency (ASI) for the implementation of NASA's SBG-TIR (Surface Biology & Geology - Thermal Infrared) Earth observation mission.

Finally, Accor announces that it has joined the technological alliance sealed two years ago between Pernod Ricard and JCDecaux for data management. The three companies will continue to develop the Data Portal, initially developed by Pernod Ricard since 2015.


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