Stock market: review of the first week of January

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This first week of the year sets the trend for the stock market and the world economy. And 2023 is starting well for the CAC 40.

 

Monday, January 2

 

The CAC 40 ended the first session of 2023 on a high note, up 1.87% to 6,594.57 points and 1.9 billion euros traded. For their part, the Japanese, Chinese, American and British markets did not start the year until the following day.

 

Atos, the world leader in digital transformation, dominated the SBF 120 with +20%. According to Les Echos newspaper, Airbus is reportedly in talks with the group to take over a small stake in Evidian, the company Atos will create to house its cybersecurity and digitalization consulting activities. According to Altos’ plan, Evidian’s French subsidiary should be listed on the stock exchange in the second half of 2023.

 

Tuesday January 3rd

 

The Paris Stock Exchange opened higher on Tuesday morning. However, the sharp rise at the beginning of the session was partly erased after the more restrained opening of the US markets.

 

On Monday, GTT, a French naval engineering company specializing in the development of containment systems dedicated to the transport and storage of liquefied gas, announced its withdrawal from Russia. It was involved in the design of tanks for 15 icebreaking LNG carriers.

 

Wednesday January 4th

 

The day started well for the French market. The CAC 40 gained 2.3% and closed at 6,776 points with 4.1 billion euros traded. The light is green for France and for good reason: inflation is decelerating. It stood at 5.9% year-on-year in December compared with 6.2% in November.

 

Quadient, formerly Neopost, which specializes in logistics equipment and mail processing, stood out with +8.87%. The company signed a contract worth more than $12 million with a US health insurer.

 

Thursday, January 5

 

Across the Atlantic, investors did not really take into account the solid employment figures: 235,000 jobs were created in December according to the monthly ADP survey. This is much more than the 148,000 to 153,000 expected by economists. This should encourage the Fed not to relax its efforts against inflation. At the close of the day, the Dow Jones and the Nasdaq ended lower.

 

French group Trigano, which specializes in the design, manufacture and marketing of recreational equipment and vehicles, was back on the SBF 120. Financial firm Kepler Chevreux lowered its buy recommendation to hold on the stock, with a price target of 130 euros after the publication of the group’s first quarter revenues. Kepler explains in particular that the high prices of leisure vehicles could harm demand, in the current inflationary context. On the other hand, the financial group Oddo maintains its “outperform” rating on the stock, with a target price of 148 euros.

 

Friday January 6 (today)

 

A cautious start to the Paris Bourse as we await the US employment figures. Economists forecast approximately 200,000 new non-farm jobs in December.

 

Sodexo is the biggest decliner on the SBF 120 in the morning. The French multinational, specializing in food services, nevertheless exceeded expectations for its first quarter revenues, which came in at 6.33 billion euros, above the 6.17 billion euros expected.

 

At around 10:30 am, Shell shares rose sharply on the London Stock Exchange, following the publication of a business update for the fourth quarter.

 

Read also >What is the outlook for the stock market in 2023?

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This first week of the year sets the trend for the stock market and the world economy. And 2023 is starting well for the CAC 40.

 

Monday, January 2

 

The CAC 40 ended the first session of 2023 on a high note, up 1.87% to 6,594.57 points and 1.9 billion euros traded. For their part, the Japanese, Chinese, American and British markets did not start the year until the following day.

 

Atos, the world leader in digital transformation, dominated the SBF 120 with +20%. According to Les Echos newspaper, Airbus is reportedly in talks with the group to take over a small stake in Evidian, the company Atos will create to house its cybersecurity and digitalization consulting activities. According to Altos’ plan, Evidian’s French subsidiary should be listed on the stock exchange in the second half of 2023.

 

Tuesday January 3rd

 

The Paris Stock Exchange opened higher on Tuesday morning. However, the sharp rise at the beginning of the session was partly erased after the more restrained opening of the US markets.

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This first week of the year sets the trend for the stock market and the world economy. And 2023 is starting well for the CAC 40.

 

Monday, January 2

 

The CAC 40 ended the first session of 2023 on a high note, up 1.87% to 6,594.57 points and 1.9 billion euros traded. For their part, the Japanese, Chinese, American and British markets did not start the year until the following day.

 

Atos, the world leader in digital transformation, dominated the SBF 120 with +20%. According to Les Echos newspaper, Airbus is reportedly in talks with the group to take over a small stake in Evidian, the company Atos will create to house its cybersecurity and digitalization consulting activities. According to Altos’ plan, Evidian’s French subsidiary should be listed on the stock exchange in the second half of 2023.

 

Tuesday January 3rd

 

The Paris Stock Exchange opened higher on Tuesday morning. However, the sharp rise at the beginning of the session was partly erased after the more restrained opening of the US markets.

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