The Paris stock market is holding steady at around 7025 points, as the results season gathers pace over the coming days.

The stock markets are gearing up for a busy week of corporate results, with several key economic indicators also on the agenda.

The major US banks will continue to take center stage in the first session of the week, with results from Goldman Sachs and Morgan Stanley.

The first results of the US banking groups, published on Friday, were not particularly convincing, as the substantial provisions set aside for the fourth quarter show that they are preparing for a difficult 2023.

Among the other big names expected this week, Alcoa, Netflix and Procter & Gamble will unveil their accounts by the end of the week. In Europe, Ericsson will present its quarterly performance on Friday.

On the macroeconomic front, the week will be dominated by Wednesday's release of US retail sales for December, which will provide further insight into the strength of consumer spending over the holiday season.

Industrial producer prices, housing starts and existing home sales figures will also be released in the coming days.

In company news, TotalEnergies announces that it has approved the final investment decision for the development of Lapa South-West, a project in which it is operator with a 45% stake, in partnership with Shell (30%) and Repsol Sinopec (25%).

Biosynex announces the extension of its partnership with Singapore-based Credo Diagnostics Biomedical, by signing an exclusive agreement for the distribution of VitaPCR systems for an extended territory including the UK.

Finally, SES announced on Monday that it had successfully completed a 5G link in the United Arab Emirates (UAE), using its Medium Earth Orbit (MEO) satellite communications system.

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