The Paris stock market gained nearly 1% this morning, around 7,475 points, driven in particular by Michelin (+3.4%) and Teleperformance (+3.3%).

Investors seem reassured by reports circulating across the Atlantic that Trump's teams are preparing "a progressive taxation plan" in terms of tariffs.

This issue has preoccupied the markets since the election of the Republican, raising fears of the return of a trade war that would impact European exporters, among others.

While we wait to find out more - Trump will be inaugurated on January 20 - the markets will take note tomorrow of US consumer price figures, which could provide clues as to the Fed's interest rate trajectory.

Retail sales for December, expected on Thursday, will also shed interesting light on the current state of the economy across the Atlantic.

If year-on-year core inflation rises above the 3.3% consensus and retail sales grow less than the 0.6% the market is hoping for, expectations of a slowdown in Fed rate cuts will strengthen, supporting the dollar and pushing the yield on 10-year Treasuries above the 4.80% mark", warns Michael Brown, strategist at Pepperstone.

The release of US producer prices for December at 2.30pm today will give investors a first idea of what to expect tomorrow with the CPI index.

On the bond market, the yield on ten-year US T-Bonds is at 4.77% (-3pts). Tensions on rates are not confined to US bonds, as the yield on ten-year Bunds is easing to 2.58%, while that on French OATs is at 3.44%, taking the France/Germany spread to 86pts.

On the currency front, the euro is stagnating against the greenback at around $1.0260/E.

Finally, Brent crude oil continues to rise, gaining nearly 0.2% to $81 a barrel.

In French company news, Renault Group announced the signing of a framework agreement between its Mobilize brand and Free To X, Autostrade per l'Italia's fast-charging subsidiary, to develop fast-charging infrastructures in Italy.

On Tuesday, Worldline announced that it had extended its existing partnership with Belgian banking group KBC, to which it will continue to supply its card-issuing services.

Finally, Quadient reports that it has been selected by a US government agency to modernize its mail automation infrastructure under a contract worth around $1.6 million.



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