The session continued smoothly on the Paris Stock Exchange. At midday this Tuesday, the Cac 40 is now advancing 0.3% to 8,350 points, while American futures contracts are moving in no clear direction. The idea of a market in transition, more attentive to statistics than to announcement effects, continues to prevail.
In Paris, Kering is the star of the day, with its strongest growth in eight months. With the stock up 11.4%, analysts hail quarterly sales above expectations. The figures for Gucci’s parent company, which recorded a 10% contraction in sales, are less degraded than feared. Jefferies notes that these latest figures “ confirm a gradual reduction in pressures in a more favorable sectoral context ” and that the improvement in performance in Asia-Pacific, contrasting with the stability of Western markets, is ” a little surprising ».
In contrast, Axa lost more than 2% in the wake of the American insurance sector due to fears of the emergence of new agents doped with AI.
Consumption under pressure
Arkema shares, which jumped 7.7%, benefited from Goldman Sachs’ switch to purchase, from “neutral” previously.
Attention now shifts to the publication, early this afternoon, of December retail sales in the United States. A slowdown in their growth to 0.4%, after +0.6% in November, is projected by the Bloomberg consensus. These numbers will open a dense streak, with employment and inflation later in the week. “ We expect the economic recovery to accelerate in the second half, but less positive consumption indicators for the moment », said Karen Georges, at Ecofi Investissements. “ However, we do not believe that the Fed will lower rates in the short term. »
Money markets continue to price in two rate cuts from the Federal Reserve this year, with the first likely under Kevin Warsh’s leadership following Jerome Powell’s departure as chairman in May.
date: 2026-02-10 16:16:00
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