After a sluggish start to the week (-3% between Monday and Wednesday), the Paris stock market has regained some color over the past few days: after +0.5% yesterday, it has gained 1.87% today, at 7,270 points, limiting its decline to 0.6% since Monday.

The trend was boosted by Thursday evening's approval of the extension of the US debt ceiling until 2025, as well as by the publication of monthly employment figures for the USA.

Today, investors learned that the US economy generated no less than +339,000 non-farm jobs in May, according to the Department of Labor (DoL), a number +100,000 higher than market expectations.000 above market expectations.

'Job gains were seen in professional and business services, administration, health care, construction, transportation and warehousing, and social assistance', details the DoL.

Note that the unemployment rate stood at 3.7% of the labor force, up 0.3 points, while the labor force participation rate remained stable at 62.6%, and average hourly earnings rose at an annual rate of 4.3%.

In addition, job creations for the previous two months were revised upwards, from 165,000 to 217,000 for March and from 253,000 to 294,000 for April, giving a total revision balance of +93,000 for these two months.

The dissipation of the spectre of a U.S. default on payment is also prompting investors to return to risky assets in this last session of the week... and this is slightly penalizing the bond markets, which are deteriorating slightly, with OATs gaining +4pts to 2.855%, Bunds at 2.31% (+6pts) and US T-Bonds up +6.2pts to 3.663%.
The dollar is strengthening slightly against the euro, at $1.0725/E (+0.25%).

In French company news, TotalEnergies announced that at the close of the subscription period, 52,602 subscribers in 94 countries, representing 45.8% of eligible employees and former employees, had subscribed to the capital increase reserved for them, for an amount of 353.9 million euros.

TotalEnergies also announced that it would be returning the land it occupies in Gravelines (Nord) to enable the future siting of EDF's EPR2 reactors.

On Friday, Carbios announced the signature of a memorandum of intent with Thailand's Indorama Ventures to form a joint venture dedicated to the construction of their joint bio-recycling plant.

Finally, on the occasion of World Water Day, Veolia announces the launch of its 'Eco d'Eau' scheme, the first collective action to help regions and industries cope with the growing scarcity of water resources.


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