The Paris Bourse is set to rebound slightly at the opening bell on Friday, as the market attempts to move forward after yesterday's steepest decline since the start of the year.

At around 8:15 a.m., the future contract on the CAC 40 index - January delivery - was up 42.5 points at 6995 points, heralding a recovery in early trading.

After rising for 11 days in the first 13 sessions of the year, the leading index had corrected sharply yesterday, dropping nearly 1.9% to 6951 points.

This consolidation comes at a time when doubts are beginning to emerge about the speed of monetary policy easing by the world's major central banks.

Since Davos, several Federal Reserve and ECB officials have sent the markets a message of firmness and determination in their fight against inflation, a warning heard by market participants a week ahead of the Fed meeting.

Against this backdrop, Wall Street also ended in the red on Thursday evening, affected by profit-taking after its strong rise in the first two weeks of the year.

At the final bell, the Dow Jones lost nearly 0.8%, while the Nasdaq Composite shed around 1%.

The VIX index of US market volatility edged back above 20.5 points.

Some strategists feel that the markets have gone too high too fast at the start of 2023, and may now need to consolidate.

Investors will be looking for a clearer picture with the statistics expected this Friday, namely retail sales in the UK and old home sales in the US.

On the bond market, government bond yields are little changed, with the US ten-year holding steady at around the 3.40% mark.

The dollar failed to take advantage of the slight rise in yields to initiate the slightest rebound, and is still losing ground against the euro, at around 1.0830.

On the other hand, the greenback's weakness is contributing to the strength of commodity prices, with US light crude oil (West Texas Intermediate, WTI) up by more than 0.5% at nearly $80.8.

Last night, Netflix presented lacklustre quarterly results, but the announcement of a higher-than-expected number of paying subscribers boosted the streaming giant's stock in after-market trading.

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