The Paris Bourse ended the session up 0.68%, at 6907 points, driven in particular by STMicro (+5.2%), Eurofins Scientific (+4.5%), and Carrefour (+4.4%)

This latest rise brings the index's gain since the start of the year to almost 7%, marking the best start to a trading year in the last forty years.
The S&P500 and the Nasdaq are also green, with gains of 4% and 2% respectively.

Investors want to believe that the first month of the year generally sets the general trend for equity markets: given the current rally, this could be a historic year!

According to calculations by S&P Dow Jones Indices, when the S&P 500 index rises in January, it is up for the year as a whole in over 71% of cases.

This theorem was amply proven last year, when the S&P fell by 5% in the first month of the year, before ending the 2022 financial year down by just over 19%.

The analysts also point out that it is extremely rare for a year of stock market correction to be followed by another year in the red, leading strategists to predict a rather favourable 2023 stock market year.
We advise investors to be patient and pragmatic, i.e. to use periods of weakness to strengthen (from a long-term perspective), and not to chase rallies at any cost," warns Mike Gibbs, Head of Equity Portfolio and Technical Strategy at Raymond James.

This morning, investors took note of the European unemployment rate for November. Seasonally adjusted, it stood at 6.5% (stable on October) in the Eurozone, while the EU rate was 6%, also flat compared with the previous month, according to Eurostat data.

The European Union's statistical office estimates that in November, 12.95 million people were unemployed in the EU, including 10.85 million in the Eurozone, up by 10,000 in the EU and down by 2,000 in the Eurozone.

In Germany, industrial production rebounded slightly by 0.2% month-on-month in November, driven by consumer goods after its 0.4% decline in October, according to data from Destatis, the Federal Statistics Office.

In Europe, the 'Sentix' index of business sentiment rose from -21 to -17, while energy prices eased.

The rise in stock market indexes, which this morning slightly penalized the bond compartment ("risk-off"), is also reversing the trend, as rates are now easing by -2pts on US T-Bonds (towards 3.55%) and Bunds are back towards equilibrium at 2.21400%...

Finally, the euro is gaining nearly 1% against the greenback, and is now trading at $1.0748, buoyed by the wave of financial flows moving from Wall Street to Europe.

In company news, Dassault Systèmes announces that its governance structure, unveiled on April 27, will come into effect today, making its founder Charles Edelstenne the company's Honorary Chairman, in addition to his continuing role as a director.

CGG announces the start-up of a new 3D seismic reprocessing project in the Foz do Amazonas basin in Brazil's equatorial margin, scheduled for completion by the end of 2023, with first images as early as June.

On Monday, Stellantis announced that it had signed an agreement with Australia's Element 25 to supply manganese sulfate for its electric vehicle batteries.

Vinci announced that Omexom ENR Sud-Ouest (VINCI Energies), in a consortium with SBIPB and Profil du Futur (ArcelorMittal), will build a 4.6 MWp photovoltaic power plant for EDF Renouvelables in La Réunion.

Zero Waste France, ClientEarth and Surfrider Foundation Europe announce that they have taken Danone to court. The three NGOs accuse the food giant of failing in its duty of care regarding the use of plastics.

Finally, L'Oréal announces a minority investment, through its venture capital fund BOLD (Business Opportunities for L'Oréal Development), in micro-printing start-up Prinker Korea.

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