The Paris stock market is holding steady at around 7080 points, awaiting a series of indicators which could confirm the trend towards a clear slowdown in inflation.

The CAC 40 index is benefiting from a bullish trend which has seen it climb by over 9% since the start of the year.

According to Kiplink's chart analysts, "We can't count the number of levels reached or exceeded since the first eleven sessions of the year, only one of which ended in negative territory".

According to the professionals, reaching the target level of 7085 points - now far too close not to be tested - would represent the rapid culmination of an initial medium-term objective.

However, the trend could change today following the publication of a series of indicators, including several key measures of inflation on both sides of the Atlantic.

In the USA, producer prices are expected to rise below the 7% threshold for the first time since the spring of 2021, thanks to lower energy prices and the normalization of production lines.

In the UK, the respite provided by energy prices should help to moderate inflation a little, which should nevertheless remain in double digits.

Investors will also take note of the final figures for consumer prices in the euro zone for December.

In French company news, Renault Group announces its worldwide sales figures for 2022. They amount to 2,051,174 vehicles, down 5.9%.

Stellantis has signed an agreement with Terrafame to supply nickel sulfate for electric vehicle batteries.

BNP Paribas reports receipt of regulatory approvals for the finalization of the sale of its US subsidiary Bank of the West to BMO Financial Group, a transaction for which an agreement was announced in December 2021.

Lastly, Pierre & Vacances last night published first-quarter group sales of 390.7 ME, up 9.9% on the same period last year.

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