Strong tech

Unsurprisingly, across the 3 main investment regions, tech continues to lead the way, driven by the performance of semiconductors (+6% over the week) and network equipment, followed by software, hardwares and fintech.

Zara supports its peers

In Europe, in these times of inflation and economic slowdown, we note the resilience of cyclical consumption (textiles, hotels, household goods), and in particular the clothing industry, supported by the Spanish giant Inditex, parent company of Zara, which gained 2.6% over 5 days.

Low prices, high oil prices

At the opposite end of the spectrum, energy stocks, whether distributors or producers, are suffering from the fall in oil prices: WTI has lost 10% since the beginning of December, and Brent 5%.

Sling your (Chinese) pig

For the past two months, Beijing officials have had their eyes riveted on the price of pork, the country's leading meat product, which alone defines trends in Chinese consumer prices. Yet, as pig farm production outstrips demand, the price of pork is plummeting, threatening to plunge China into deflation. This is jeopardizing the authorities' efforts to restore confidence in the economy.