After 11 days of gains in the first 13 sessions of the year, the Paris Bourse paused this morning, losing around 0.6% around 7040 points, following a day in which the US indices ended in the red, with -1.8% for the Dow Jones, -1.2% for the Nasdaq and -1.6% for the S&P500.

Some strategists feel that the markets have moved too fast at the start of the year, while the latest indicators have reinforced the preferred scenario of a soft landing for the economy.

The markets are obviously trying to anticipate a recovery before the slowdown has happened", points out Marcus Poppe, Global Equity Portfolio Manager at DWS.

In particular, the professional believes that the valuation of US equities remains too high, but that the future looks a little brighter in Europe, leading him to overweight European equities.

At this stage, if a consolidation were to take place at this valuation level of 7085 or 7140 points, we believe that the impact would remain limited on the current trend", adds Kiplink Finance.

"A retracement of 50 to 100 points would be quickly absorbed, allowing the CAC 40 index to resume its upward trajectory", warns the management company.

This Thursday, investors will take note of a new series of economic statistics, including the latest figures for the US housing sector.

With access to financing tending to dry up, indicators for the residential construction sector, which have been turning red for many months, are likely to remain on a downward trend.

On the results front, US FMCG giant Procter & Gamble will publish its accounts at midday, before being followed in the evening by video-on-demand specialist Netflix.

The results season will be particularly lively next week, with publications from Boeing, Intel, LVMH, Microsoft and Tesla.

In news from French companies, Dassault Systèmes announced on Thursday that it would be joining forces with IBM to accelerate the sustainable transformation of industry players through the adoption of 'virtual twins'.

Arkema announced that it had signed a long-term agreement with Engie, starting January 1, 2023, for the supply of 300 GWh/year of renewable biomethane in France, one of the largest private biomethane contracts in Europe to date.

Nexans announced on Thursday that it would be stepping up its efforts to combat counterfeiting of its cables by teaming up with Austria's Authentic Vision. Under the terms of the partnership, the French group will adopt the patented 'Meta-Anchor' holographic labels.

Lastly, Edenred announced that it has entered the capital of Betterway, a French fintech founded in 2019 and a pioneer in the provision of corporate mobility passes, with which the group has already been a commercial partner since September 2022.

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