The Paris stock market, which had long been hesitant and slightly up, began to regain altitude with the positive opening of Wall Street (the Dow Jones gained +0.7% to +0.8%).
The CAC40 gained more than 0.5% to 7.30pts, the Euro-Stoxx50 +0.6% to 4.145 in the wake of Amsterdam (+1.1%).

The week promises to be a busy one in terms of corporate releases (93 S&P 500 companies are due to publish their results) and business statistics: the index of leading indicators fell again in December, announced the Conference Board on Monday, reinforcing expectations of a recession in the months ahead.
The precursor index fell by 1% to 110.5 last month, having already dropped by 1.1% in November, while analysts were anticipating a more limited 0.7% decline.

Ataman Ozyildirim, Director of Economic Research at the Conference Board, points to widespread weakness across all statistical components, from a deteriorating labor market to difficulties in the housing sector.

He predicts that "economic activity as a whole is likely to turn downwards in the coming quarters, before recovering in the fourth quarter of 2023".

The European earnings calendar will also continue, with announcements from ASML, LVMH, STMicroelectronics, Nokia and SAP.

On the macroeconomic front, the week will be dominated by the publication - on Thursday - of the first estimate of US gross domestic product (GDP) for the fourth quarter.

Investors will also be paying close attention to Tuesday's release of 'flash' PMI indices in the eurozone, which should fuel the ongoing debate on the level of inflation and the risk of a recession.

The approach of the Federal Reserve's January 31-February 1 meeting, which is likely to result in a further rate hike, could nevertheless prompt investors to exercise caution.

Moderate inflation and labor market data reinforce the assumption of a rate hike limited to 25 basis points next week.
The day will also be marked by the rise in oil (+1% to $88.5), which has broken through medium-term resistance.
Big caleme on the bond front with a symbolic +1 to +2bp rise in the yield on US OATs, Bunds and T-Bonds

In company news, SES announces a new agreement with Ivanhoe Mines to provide satellite broadband connectivity services to the Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC).

Atos announces that it will coordinate, through ARI (Atos Research and Innovation), a group of 41 public and private organizations that will work together over the next three years on the Sunrise project. This project aims to improve the resilience of critical infrastructures to the impact of pandemics and relevant risks linked to climate change or resource scarcity.

Thales Alenia Space and its partners announce the signature of a contract with ESA to carry out the TeQuantS quantum communications project. This project aims to develop quantum communications technologies between space and Earth for cyber security applications and for the development of the future Internet.

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