he Paris stock market (+0.8%) is once again making almost inexorable progress, climbing above 7,100 points and comfortably surpassing the 9% gain mark for the year, despite the negative reopening of Wall Street (-0.5% for the Dow Jones, virtually unchanged for the S&P500).
The Euro-Stoxx50, up 0.3%, flirted with +10% in 12 sessions, pulled towards 4,160 by the L'Oréal share (+2.8%).

Investors face a busy day on the economic indicator front, with a number of corporate results to add to the news.
Manufacturing activity contracted sharply in the New York area, according to companies responding to the local Fed's Empire State survey in January, with the overall index of general business conditions falling by 22 points to -32.9.

Input price rises slowed considerably, and sales price rises also moderated. Looking ahead, companies expect little improvement in business conditions over the next six months.

After an initial salvo of results on Friday, the big US banks are back in the spotlight today, with Goldman Sachs and Morgan Stanley reporting mixed results: Goldman dropped -2% (profits down -69%), while Morgan Stanley jumped +5% (profits fell -41%, less than expected, while trading activity climbed +26%, buoyed by rising markets).

This morning, the ZEW index of investor sentiment in Germany recovered by 40.2 points, moving back into positive territory - for the first time since February 2022 - to stand at +16.9 in January.
Overnight, investors learned that China's GDP had only grown by 3% in 2022 (over 40 years) due to the resurgence of the epidemic in the country. The population is shrinking for the 1st time in 601 years, with just over 9.5 million births but 10 million deaths.

In company news, Technip Energies announces that it has won, in joint venture with Samsung Engineering and Tecnimont, a pre-construction services contract (PCSA) for the onshore infrastructure of the Hail & Ghasha gas development project in Abu Dhabi, United Arab Emirates.

Danone announces a global action plan to reduce methane emissions from its fresh milk supply chain by 30% in absolute terms by 2030, equivalent to 1.2 million tonnes of CO2 by that date.

Finally, Thales Alenia Space has signed a contract with Appworks to supply Thailand with the MEOLUT Next solution for locating distress signals

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