CAC40: back to 7,750, E-Stoxx50 at its zenith, $-1.1% to 1.04
This led to a sudden -1.1% fall in the dollar against the euro, which climbed to 1.0400, while the $-Index fell -0.9% to 108.35.
No trading on Wall Street (it's a holiday on Martin Luther King's Day.... which coincides with Donald Trump's inauguration), but traders are anticipating a "hat-trick" of +0.8% to +1% for the US markets tomorrow (this will be the 1st session of the February stock market term).
The day will be packed with political news in the USA: around a hundred presidential decrees (drafted long ago) are expected as soon as he takes office in the White House as the 47th President.
In Europe, no economic indicators likely to boost the session were expected, so the +0.5% rise in the Euro-Stoxx50 to 5,180Pts - a new all-time high - is a welcome surprise.
The underlying trend should continue to be driven by hopes that the future Trump administration will capitalize on the current health of the US economy, which should benefit equities.
Once skeptical about the inflationary effects of the policies to be implemented by the new American president, investors are now betting on the beneficial impact of the measures to deregulate the economy promised by the New York businessman... and for companies, the corporate tax would be lowered (or reduced) from 21% to 15%.
Crypto-fans are betting in particular on the adoption of a favorable institutional framework for crypto-currencies, as well as on their increased use for everyday settlements and payments.
Proof of the craze surrounding the sector, the bitcoin price has soared in recent days and is currently trading at an all-time high, above $108.000 ($109,000 new record).
Some analysts see the virtual currency eventually reaching the $120,000 mark.
Launched to great fanfare over the weekend, Donald Trump's new cryptocurrency, the 'Trump Coin' (backed by... nothing, apart from its name), saw its valuation rise to several tens of billions of dollars in just a few hours.... before plummeting -40% on the announcement of the surprise launch of the 'meme coin' named 'Melania' (+24.000% in a few hours to $13!).
Still in the digital sphere, observers are expecting Donald Trump to quickly issue an executive order to allow TikTok, recently banned by the Supreme Court, to continue operating in the USA via a buyout or partnership.
The app reopened on Sunday, pending the name of a buyer approved by the American authorities.
The risk appetite born of hopes linked to the arrival of Donald Trump in the White House is not supporting the dollar, which continues to be penalized by the recent fall in bond yields across the Atlantic.
The greenback fell against several benchmark currencies, but held up better today against the yen (-0.4% to 155.7) as the BoJ prepared to raise rates (it had decided against doing so last autumn, given the volatility prevailing on foreign exchange markets).
On the bond market, the German Bund yield eased -1.3Pts to 2.4920%, while the OAT for the same maturity posted -0.9Pts to 3.2980%.
In London, Brent crude fell -1% to $80 a barrel, and WTI dropped -1.5% to $76.5, with Trump calling for a sharp increase in oil and gas production.
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In French company news, Air Liquide announced on Monday that it had signed contracts with 20 hospitals, just under a year after launching its offer to help healthcare establishments reduce their carbon footprint.
Alstom announced that it will supply the Métropole Européenne de Lille (MEL) with fifteen additional 52-meter long new-generation automatic metro trainsets, worth around 210 million euros, in addition to the 27 trainsets already ordered.
Alstom also announced that it had won a new contract with the Madrid metro, for which it will supply signaling technologies enabling the deployment of driverless trains.
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