Paris: closes higher, bullish trend in New York – 01/20/2022 at 17:50

(CercleFinance.com) – After spending most of the day in the red, the Paris stock market closed the day with a gain of 0.3%, at 7,194 pts. For its part, the Euro Stoxx50 rose by 0.7%, ahead of the DAX (+0.6%).

The trend is also on the rise across the Atlantic, the Nasdaq currently gaining 1.8% ahead of the S&P 500 (+1.3%) and the Dow Jones (+1.2%).

During the day, investors were able to take note of a series of economic indicators.

Thus, manufacturing growth accelerated significantly in January, according to the Philadelphia Fed, whose index stands at 23.2 for the current month against 15.4 in December 2021, and while the consensus was expecting a more moderate rise.

Moreover, while the level of inflation remains a concern for the markets, the publication of consumer prices in the euro zone was revealed at the end of the morning.

The euro area’s annual inflation rate was 5.0% in December 2021, compared to 4.9% in November, and that of the European Union was 5.3%, compared to 5 .2%, according to Eurostat, which therefore confirms its rapid estimate for the euro zone.

Questioned this morning at the microphone of France Inter, Christine Lagarde, President of the ECB, affirmed that inflation was going to stabilize then “decline gradually” during the year.

It is nevertheless the evolution of US interest rates that remains the main subject of concern at the moment.

On the sovereign debt side, the yield on ten-year Treasuries stabilized around 1.86%.

At the start of the afternoon, investors also took note of the number of weekly claims for unemployment benefits, a number which increased the week of January 10 in the United States, settling at 286,000, against 231,000 ( revised figure) a week earlier.

The session was also busy with the quarterly results of companies, in particular those of the American insurer Travelers – which quotes on the Dow Jones index – before the Netflix accounts which will be published in the evening.

In French company news, Alstom publishes revenue for the first nine months of its 2021-22 financial year of 11.4 billion euros, up 11% compared to last year’s proforma, in line with the announced growth trajectory.

For its part, Getlink publishes a turnover down 6% at constant exchange rates to 774.4 million euros for the year 2021, the 6% growth of the Europorte division not having sufficient to offset the 9% decline in the Eurotunnel division.

Air Liquide announces that it will invest approximately 3,500 million rupees (40 million euros) in a new air separation unit (ASU) dedicated to Industrial Merchant in Kosi, in the State of Uttar Pradesh, in northern India.

Finally, Valneva announces the results of a preliminary laboratory study demonstrating that antibodies from the serum of people vaccinated with three doses of its inactivated vaccine candidate against Covid-19, VLA2001, neutralized the Omicron variant.

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