There is still no trend on the Paris Bourse (+0.2% to 7,200) on the eve of the weekend, and the week will end with a further decline for the CAC40 (-0.8%), which continues to widen its handicap in relation to US indices that are 'in the green' for this half-session, and which could set new records by 7pm (shortened session): the S&P500 (+0.5%) has already reached a new zenith of 6,028Pts.028Pts and the Dow Jones (+0.4%) is flirting with the 44,900 record... will the 45,000 mark be touched tonight?

Wall Street remains stainlessly confident in the success of Black Friday, the day after Thanksgiving: expectations of increased consumer spending are supporting the retail giants.
The Nasdaq is up +0.7% at 19.200Pts, coming within 0.8% of its all-time high, buoyed by the semiconductor sector and Nvidia (Soxx and Nvidia posted +2.5%).
The gloom in Europe is as glaring as ever, due to the political, economic and geopolitical uncertainties currently plaguing the Old Continent.
The region is clearly penalized by weak domestic demand, and the fear of new customs duties in the United States is undermining the confidence of business leaders, who still can't count on the Chinese recovery," points out Thomas Giudici, manager at Salamandre (Auris Gestion).
The ECB therefore has no choice but to step up the pace of rate cuts, despite persistently strong wage growth", says the professional.
Over the week as a whole, the Euro STOXX 50 (+0.1% on Friday) is virtually unchanged.

Investors were reassured somewhat at the end of the morning by eurozone inflation figures, which came in on target.
The 'gross' rate came out at 2.3% in November, compared with +2.00% in October, but the pleasant surprise came from the 'core' rate, which stabilized at 2.7%, compared with 2.8% anticipated.
The ECB's median inflation forecast for the next 12 months rose to 2.5%, compared with 2.4% previously, while the three-year forecast remained stable at 2.1%.
Bunds (2.104%) and OATs (2.924%) erased -2pts, Italian BTPs -3.8pts to 3.3100% and yields eased by -10pts over the week.
The OAT/Bund spread narrowed from 88 to 82pts in 48 hours, showing a certain composure (no anticipated downgrades) ahead of Standard & Poors' verdict on our debt this evening.

In addition, preliminary figures published yesterday in Germany and Spain highlighted a re-acceleration in price dynamics, mainly in the services sector, but economists judge that these statistics are not such as to rule out the scenario of a possible 50 basis point rate cut by the ECB next month.

In France, according to the provisional estimate made at the end of the month over one year, consumer prices would increase by 1.3% in November 2024 according to Insee, after +1.2% in October.
Finally, there's nothing to report on the FOREX, with Euro/$ parity stuck at 1.05500

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