The Paris Bourse ended the session with a gain of 0.89%, taking the index to 7390 points, an all-time closing high. Earlier in the day, the CAC40 had set an all-time record at 7403 points.

Investors thus welcomed the solid US employment figures, confirming the good health of the world's leading economy.

This Tuesday, US indices have been virtually stable since the opening ('S&P' unchanged, Dow Jones +0.3%): the 'NFP' was not 'strong' enough (236.000 new jobs) to arouse fears of further rate hikes, but not weak enough to raise serious doubts about growth (unemployment down -0.1% to 3.5%).

Against this backdrop, investors now estimate the probability of a 25 basis point rate hike at the end of the Fed's next meeting, scheduled for May 3, at 80%, compared with 55% a week ago and 25% 15 days previously, according to the CME FedWatch barometer.

However, fewer than 5% expect another rate hike in June, confirming that the Fed's monetary tightening cycle is now coming to an end.
T-Bonds are yielding an almost unchanged 3.43% (+1.5 Pt on Tuesday)... after having climbed +11.5 Pts on Monday (a peak for almost a week).

European Treasuries are adjusting and our OATs are up +11 Pts to 2.81%, Bunds +11.5 Pts to 2.2960%, BTPs +12.5 Pts to 4.1500%.

FOREX is ultra-calm with the Dollar unchanged at $1.09/E, Gold is down -0.3% but remains above the symbolic $2,000/ounce mark.

In order to gain a better understanding of economic trends, investors' attention will be focused this week on a whole raft of statistics, including the eagerly awaited inflation figures to be released tomorrow in the United States.

Investors will also be paying close attention to Friday's releases from US banks JPMorgan Chase, Citi and Wells Fargo, which will kick off the first-quarter earnings season in the United States.

In French company news, Airbus Helicopters says it has signed a contract with GDAT, one of China's leading helicopter lessors and operators, for 50 H160 helicopters, the largest single H160 order in the civil and parapublic market since its unveiling in 2015.

In addition, Airbus announced on Tuesday that it had delivered 61 aircraft to 37 customers during the month of March, bringing its year-to-date total of deliveries to 54 customers to 127.

Accor announced that it had signed a binding memorandum of understanding with Shanghai Jin Jiang International Hotels until 2033, aimed at promoting and achieving sustainable transformations in the hotel industry and the reduction of the sector's carbon emissions.

Alstom reports that it has won an operations and maintenance contract from the Maryland Transportation Administration (MTA) in the USA, with 'new digital innovations to develop sustainable and intelligent mobility'.

Finally, TotalEnergies announces that it has accepted an offer from Pacific Avenue Capital Partners for the acquisition of 3 business lines (Wingtack®, PolyBD®, Dymalink®) developed by Cray Valley, its subsidiary in charge of resin production and marketing.

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