Comprendre le positionnement de nos analystes, leurs anticipations et leurs vues sur l’environnement de marché. La situation économique est résumée en trois points, le niveau de cycle économique, de valorisation et de sentiment des investisseurs.
Les graphiques du mois:
Le nombre d'emplois non agricoles aux États-Unis a été supérieur aux attentes en décembre, à 223 000. Le chiffre de novembre a été révisé légèrement à la baisse, à 256 000.
Source : Bloomberg au 06/01/23
L'inflation dans la zone euro a surpris positivement pour le deuxième mois consécutif, à 9,2% dans le chiffre préliminaire de décembre. Il s'agit du niveau le plus bas depuis juillet 2022.
Source : Bloomberg au 06/01/23
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