(News Bulletin 247) – The CAC 40 confirms its decline this Monday evening, taking a breath after its record close on Friday evening. Totalenergies is rebounding, benefiting from the sharp rise in oil prices in the wake of the attacks in the Red Sea.

The Paris Stock Exchange is catching its breath this Monday, suffering some profit-taking after its recent records at the close on Friday.

The CAC 40 therefore closes this first session of the week down 0.37% to 7,568.86 points this Monday evening. After digesting the messages from the major central bankers last week, investors are waiting for the last major statistics for 2023, to plan for next year. They will be particularly attentive to the publication of the PCE index, the preferred gauge of the American Federal Reserve (Fed), which will be published Friday afternoon.

Meanwhile, the Ifo index measuring business confidence in Germany experienced a surprise drop in December, standing at 86.4 points compared to 87.2 in November.

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ArcelorMittal and sought-after oil stocks

ArcelorMittal was undoubtedly the stock in sight this Monday. The steel group’s stock jumped 5.5% in reaction to a consolidation operation in the sector, with the takeover of the American group US Steel by Nippon Steel, its Japanese rival.

Still in basic materials, oil and oil prices were boosted by the 3% rebound in oil prices after the attacks in the Red Sea. In Paris, Totalenergies increased by 1.1%, Vallourec appreciated by 3.6% while Technip Energies gained 3.1% at the close.

Atos fell 10.4% after gaining more than 20% on Friday, driven by speculation about renewed interest from Airbus to buy certain activities of the group.

On the smaller capitalization side, Alpha MOS fell 14.8% after revising its 2023 turnover target downwards, due to a delay in orders.

On other markets, the euro gained 0.25% against the dollar to 1.0923 dollars.