At the final gong, the Paris Bourse ended the session down an anecdotal 0.11%, at 7543 points. A few hours earlier, the Paris index had briefly reached 7582 points, an all-time high.

However, the CAC40 was once again penalized by Alstom, which posted the biggest decline of the day, down 2.3%. The rail giant has lost 17% in the space of a month, and more than half its value (51%) since the start of the year.

On the statistics front, investors took note of a 3.1% rise in November (vs. November 22) in the US consumer price index, in line with Jefferies' expectations.

Excluding energy (-5.4%) and food (+2.9%), two traditionally volatile categories, the annual inflation rate stood at 4% last month, stable compared with October, and again in line with the broker's forecast.

On a sequential basis, i.e. between the months of October and November 2023, US consumer prices rose by 0.1% unadjusted and by 0.3% excluding energy and food.

Following this statistic, which is still closely watched by the markets, investors estimate the probability of a quarter-point rate cut in March at almost 44%, according to CME Group's FedWatch barometer, compared with around 42% yesterday.

The FOMC is expected to leave interest rates unchanged tomorrow, but its statement could provide some valuable clues as to its rate intentions.

Note, however, the continuing rise in housing costs, a component closely watched by analysts: this rise is linked to the drying-up of supply: indeed, no one wants to borrow at 7% after having experienced a mortgage rate of 3.5% 2 years ago.

Little movement is at work in the bond compartment, where we are seeing an almost imperceptible decline in 10-year yields, with T-Bonds at 4.24% yesterday compared with 4.235% today. Caution and patience are the watchwords as the Federal Reserve's two-day monetary policy meeting gets underway.

Although no major announcement is expected at the end of its monetary committee meeting tomorrow, market players will be paying close attention to any indications regarding the timing of future rate cuts.

Around $1.0780, the euro is gaining 0.2% against the greenback. In addition, after its recent surge, gold continues to contract, down -1.2% at around $1,980 an ounce.

Lastly, on the oil front, Brent crude fell back sharply by -3.7% to around $73.2 a barrel: a sign that energy specialists are not expecting strong growth at the end of the year.

In other French news, Saint-Gobain announced that it had signed a power purchase agreement (PPA) with CVE, an independent French renewable energy supplier, guaranteeing access to around 140 GWh of solar power in South Africa over a 20-year period.

TotalEnergies announced on Tuesday that it had acquired three start-ups (Dsflow, Predictive Layer, Time2plug) with the stated aim of accelerating its development in the electricity sector.

Renault Group announces that it will sell up to 211 million Nissan shares to Nissan, representing around 5% of the Japanese group's capital, out of the 28.4% of Nissan shares that were transferred by Renault to a French trust on November 8.

Airbus reports that Avolon, an international leasing company based in Dublin, has signed a firm order for 100 A321neo aircraft, bringing its total A321neo order to 190 aircraft and securing its delivery pipeline for this single-aisle aircraft.

Finally, Vinci on Tuesday outlined the strategy of its Spanish energy subsidiary Cobra IS, whose integration into the group it considers a "remarkable success" just under two years after its completion.


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