The Paris Bourse is up very slightly this morning, around 7110 points, following a session that saw Wall Street draped in green, with +1.8% for the Nasdaq, +1.1% for the S&P500 and +0.6% for the Dow Jones, well helped by better-than-expected US growth figures and Tesla's dynamism (+11%).

Concerns over a lacklustre earnings season to date have not prevented the world's stock markets from continuing to rise in recent weeks.

Markets seem increasingly content with the prospect of a continued slowdown in inflation, which could lead US monetary policy to become less restrictive.

In this respect, the session should also see the release of a raft of indicators, including US household spending and income, accompanied by the announcement of the 'PCE' deflator.

This measure of inflation is closely watched by the Fed, which considers it more representative of domestic tensions by reflecting labour market conditions, particularly wages.

In addition, the final figure for the consumer confidence index measured by the University of Michigan will be published in the afternoon.

In France, French household confidence remained virtually stable in January, with the INSEE synthetic indicator dropping one point to 80, well below its long-term average (100 between January 1987 and December 2022).

In company news, LVMH last night forecast another 'record' year in 2022, with sales of €79 billion and operating income before non-recurring items of €21 billion, both up 23%.

Airbus has announced the recruitment of over 13,000 people worldwide in 2023. Some 7,000 of these will occupy newly created positions within the company.

Also in the aeronautical sector, Air France-KLM announced that its Board of Directors had approved a firm order for four Airbus A350F freighters for KLM subsidiary Martinair.

The Stef group reported 2022 sales of €4264.2m, up +14.2% on a like-for-like basis, including €1,136m for Q4 alone, i.e. +12.6% on a like-for-like basis.

TotalEnergies EP Canada announces that it has exercised its right of first refusal to acquire an additional 6.65% interest in Fort Hills Energy Limited Partnership, and the associated commercial and logistics agreements, with a view to its future spin-off.

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