The Paris stock market continues its upward trajectory, gaining nearly 0.8% this morning around 6980 points, driven in particular by the automotive sector with +2.8% for Renault and +2% for Michelin.

Investors seem to be anticipating a further slowdown in inflation in the United States, as the report on price trends across the Atlantic is due today and will be the highlight of this week's trading.

Market participants will be hoping that these figures will confirm that prices have peaked, or even that they are beginning to fall back for good.

Market operators will be paying particular attention to the consumer price index excluding energy and food products, known as 'core', which is the Federal Reserve's preferred inflation indicator.

These figures will be eagerly awaited in an attempt to determine future monetary policy by the Fed, whose next meeting is scheduled for January 31 and February 1.

In company news, Worldline reports that it has finalized the acquisition of a 40% stake in Online Payment Platform, a Dutch online payment services provider offering a payment solution dedicated to marketplaces and platforms in the C2C segment in particular.

TotalEnergies announces that it has started up its 18th biogas production unit in France, named BioBéarn and located at Mourenx in the Pyrénées-Atlantiques region. With a maximum capacity of 160 gigawatt-hours (GWh), it will be the largest in the country.

Orpea announced last night that it was continuing negotiations with its creditors on its financial restructuring project. In a press release, the retirement home operator recalls that it is committed to negotiating a 'drastic' financial restructuring involving the capitalization of 3.8 billion euros of unsecured debt.

Copyright (c) 2023 CercleFinance.com. All rights reserved.