The Paris stock market clawed back 0.15%, around 7555 points, after re-testing its all-time high this morning (7,580): yesterday, the Paris index had reached an all-time high of 7582 points, reflecting a very high degree of optimism just a few hours ahead of the central banks' monetary policy decisions (Fed tonight, ECB tomorrow).
The CAC40 was weighed down by Carrefour (-4%), but kept afloat by the luxury sector, with Hermès (+1.5%) climbing back to its highs at 2,040E and Essilor gaining +1.2%.
Wall Street reopened on an indecisive note, with the Dow Jones down slightly (-0.1%), offset by a symmetrical rise in the S&P and Nasdaq.

At the end of a two-day meeting of its Monetary Policy Committee (FOMC), the Fed is due to publish its statement at 8pm, prior to the traditional press conference by its Chairman, Jerome Powell.

For the third meeting in a row, the Washington-based institute is likely to leave rates unchanged, a stance justified by the continuing slowdown in inflation, confirmed yesterday by the latest consumer price figures.
The publication of industrial production prices in the USA.

In the eurozone, CVS industrial production figures show a contraction of -0.7% in the eurozone and 0.5% in the EU (or -6.6% annualized), according to Eurostat, following declines of 1% and 0.8% respectively in September.

In the eurozone, production of capital goods fell by 1.4%, intermediate goods and consumer durables by 0.6%, while consumer durables rose by 0.2% and energy by 1.1%.

The yield on US 10-year government bonds fell by -3.5pts to 4.175% (-1.7pt) in the wake of yesterday's unsurprising inflation figures in the USA, while its German equivalent eased more sharply (-6pts to 2.171%) following the sharp drop in industrial production in the Eurozone.

On the currency markets, the euro was stable at around $1.0785/euro.

On the oil front, crude prices tested a new 'low' at around $72.3 in London this morning, but Brent rebounded to $73.85 a barrel (+0.75% from a high of $74), as the US Energy Information Agency (EIA) revised its production forecasts upwards.

'This means that the market will remain well supplied while demand is in free fall', Danske Bank analysts pointed out this morning.

In French company news, Bouygues Construction announces that it has signed a contract to build the new Trousseau hospital in the heart of the Tours metropolis, a project designed to restructure the healthcare offering and improve patient care.

Lagardère announces that its Board of Directors has unanimously decided, on the recommendation of the Nominations, Remuneration and CSR Committee, to co-opt Yannick Bolloré as a director, replacing René Ricol.

Eutelsat Group announces an exclusive distribution agreement between its Eutelsat OneWeb branch and the Libyan telecoms operator RLTT, for the deployment of high-speed, low-latency connectivity services throughout Libya.

Renault Group reports that it has sold 211 million Nissan shares, representing 5% of the Japanese group's capital, to Nissan, a transaction generating a cash flow of 764 million euros for the French automaker

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