With Wall Street's positive reopening having been 'predicted' from early trading, the 0.8% gains on the S&P and Nasdaq did not cause prices to lag. The easing of yields on OATs and Bunds (-1Pt) and Italian BTPs (-4Pts to 3.5700%) maintains optimism about a radical easing of monetary policies in 2024. As a result, the CAC40 has been content with a marginal consolidation of -0.3% to -0.4% since 9H this morning (range 4,540/7,570), penalized by Renault (-1.9%), Kering and Unibail (-1.3%).570), penalized by Renault (-1.9%), Kering and Unibail (-1.3%).
The Paris Bourse hardly felt the impact of the -1.5% drop in the S&P500 and Nasdaq on Tuesday evening (the biggest correction since September 26), thanks to a +1% pre-opening rebound in US futures.
