The Paris stock market gained almost 0.5% this morning, around 7335 points, driven by Stellantis (+3.3%), Société Générale (+3.2%) and Edenred (+3%).

Unsurprisingly, MPs voted last night for the motion of censure aimed at toppling the Barnier government, which will have to hand in its resignation to President Macron today after just 90 days at Matignon.

While the overthrow of the government has opened up a new political period of uncertainty, analysts point out that the Paris index is weathering the political turbulence rather well, as are the European markets.

For Christopher Dembik, Investment Strategy Consultant at Pictet AM, this assumption was already largely built into asset prices.

'It is likely that the CAC 40's underperformance will persist in the first few months of 2025, as will a significant spread gap against Germany', notes the strategist.

While the yield on French OATs stands at 2.91%, the German Bund is at 2.08%, meaning that the spread between Germany and France remains under control at around 83 basis points.

We're a long way from a financial crisis scenario", says Christopher Dembik.

In a sign of confidence among traders, bitcoin broke through the symbolic $100,000 barrier overnight for the first time in its history.000 for the first time in its history, buoyed by hopes of deregulation of the cryptocurrency sector with Donald Trump's forthcoming return to the White House.

Wall Street set a new flurry of all-time highs yesterday, with the S&P 500 registering its 55th all-time high of the year with a gain of 0.6%.

Ahead of tomorrow's crucial test of US employment figures, jobless claims will provide further information early this afternoon on the health of the US labor market.

In France, manufacturing output was stable in October on a month-on-month basis (after -0.7% in September), and virtually stable in industry as a whole (-0.1% after -0.8%), according to Insee's CVS-CJO data.

It should be noted that in Germany, new orders in volume in the manufacturing industry fell by 1.5% in October 2024 compared with the previous month, according to Destatis CVS-CJO data, after a jump of 7.2% in September.

In other French company news, Safran has forecast sales growth of around 10% for 2025, operating income before non-recurring items of between 4.7 and 4.8 billion euros, and free cash flow of between 2.8 and 3 billion.

Spie announces the signing of an agreement to acquire 100% of Corporate Software, a Swiss company founded in 2011 that 'has established itself as a benchmark IT services and consulting provider'.

Finally, Unibail-Rodamco-Westfield (URW) reports that it has acquired a 38.9% stake in URW Germany GmbH and related entities (URWG) from its joint venture partner Canada Pension Plan Investment Board (CPP Investments).

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