The Paris Stock Exchange rose by 0.86% to 7827 points, driven by Renault and Legrand’s 3% gains, marking seven days of growth. In the U.S., Wall Street also saw positive trends, with the Dow Jones up 0.2% and the Nasdaq rising 1.3%, influenced by significant gains from Netflix and Nvidia. Anticipation around Donald Trump’s potential policies is boosting market sentiment, while bond yields reflect uncertainty regarding trade. Sanofi and other companies made key announcements in corporate news.
Paris Stock Exchange Sees Positive Gains
The Paris Stock Exchange concluded today’s trading session with a notable increase of 0.86%, reaching 7827 points. This upward movement was largely fueled by strong performances from Renault and Legrand, both of which surged by 3%. This marks the seventh consecutive day of growth for the Paris index.
Wall Street’s Optimistic Outlook
Across the Atlantic, market trends are also looking positive, with the Dow Jones up by 0.2%, the S&P 500 gaining 0.7%, and the Nasdaq climbing by 1.3%. This bullish momentum is significantly influenced by Netflix’s impressive 11% rise and Nvidia’s 3.5% increase.
The optimism surrounding Donald Trump’s anticipated return to the White House is revitalizing Wall Street, as the index inches closer to the record highs set in December. Investors are eagerly anticipating potential tax cuts and deregulation strategies promised by the incoming president, although concerns persist regarding the clarity of his trade policy implementation.
Michael Brown, strategist at Pepperstone, expressed that understanding the specifics of Trump’s trade policy remains complicated. However, he noted that the worst-case scenario, involving sweeping ‘universal’ tariffs, appears to be currently avoidable. The economic strategies under ‘Trumponomics’ will be vital for market trends in the near future, with any unexpected announcements potentially triggering considerable market volatility.
Brown further commented that the new administration has a vested interest in propelling stock market growth, particularly since Trump has taken a personal interest in the Dow’s performance as a measure of success. Upcoming earnings reports from major tech giants like Apple, Meta, and Microsoft, due next week, are expected to further support Wall Street’s positive trajectory.
On the bond market front, the yield on the German ten-year Bund has risen by 1.3 points to 2.493%, while the equivalent OAT yield has dipped by 1.5 basis points to 3.258%, narrowing the France/Germany spread below 76 points. The uncertainty surrounding Trump’s trade policies is creating a complex environment for the bond market, contributing to a 2-point rise in ten-year Treasury yields to 4.594%.
After a recent rebound, the euro has stabilized around 1.043 against the US dollar, showing no significant variation by 5 PM. Meanwhile, Brent crude oil prices are under pressure, falling by 0.4% to approximately $79 per barrel.
In corporate news, Sanofi announced that the European Commission has approved its Sarclisa in combination with the VRd regimen for treating newly diagnosed multiple myeloma patients who are not eligible for autologous stem cell transplantation. Additionally, AXA IM Prime and Patria Investments have agreed to acquire approximately 15% stakes in Latour Capital through their respective investment strategies.
Thales Alenia Space has signed a contract with the Italian Space Agency (ASI) for the implementation of NASA’s Surface Biology & Geology – Thermal Infrared (SBG-TIR) Earth observation mission. Lastly, Accor has joined the technological alliance established two years ago with Pernod Ricard and JCDecaux, aimed at enhancing data management through the continued development of the Data Portal, initially created by Pernod Ricard in 2015.