The star CAC 40 index was positioned slightly lower (-0.12%) at 7,034.99 points shortly before 11:00 a.m.
On Monday, the Parisian rating had ended up (+0.28%) for the fourth consecutive time.
China's economy grew 2.9% year-on-year in the fourth quarter of 2022, a slowdown from the 3.9% growth recorded in the third quarter.
Retail sales, the main indicator of household spending, fell again in December (-1.8% over one year) and industrial production slowed down last month (+1.3% over one year).
“The Chinese statistics for December are above expectations but confirm a sharp deterioration in the economy, penalized by the health measures implemented over part of the month”, notes Christian Parisot, economist at the broker Aurel BGC.
But, he assures, "the hope of a rapid rebound in the economy remains strong" with the lifting of health restrictions.
In Europe, investors seem more confident about the trajectory of the economy.
They are waiting for the German ZEW German barometer (January) measuring investor sentiment as Europe's largest economy recorded an inflation rate of 7.9% for the whole of 2022, a historic record since the creation of the state after the Second World War.
In the euro zone, thanks to the drop in energy tensions, "the probability of a recession seems to be decreasing day by day, which cannot fail to be underlined by the officials" present at the World Economic Forum in Davos, notes Natixis Research IPC.
In the United Kingdom, unemployment remained stable over one month at 3.7% at the end of November, but purchasing power continued to decline due to inflation, fueling the strikes that are rocking the country, announced on Tuesday. Office for National Statistics (ONS).
Investors are in a waiting position before the publication of the results of the American banks Morgan Stanley and Goldman Sachs before the opening of the American markets which had remained closed for a long weekend of three days.
The news moves the automobile
Nissan (+2.69% to 423.4 yen) and Renault (+0.36% to 37.45 euros around 10:25 a.m. in Paris) agreed overnight from Monday to Tuesday to restructure their alliance after months of negotiations, with formal announcements now scheduled for late January-early February.
The Renault brand also saw its sales decline by 14.6% in 2022, affected by the problems of supply of electronic chips, its departure from the Russian market and a reorientation towards more profitable models.
The automotive giant Stellantis (-1.01% to 14.18 euros) announced on Tuesday its desire to supply geothermal energy to its factory in Rüsselsheim in Germany, the historic site of the Opel brand, to reduce the carbon footprint of automotive manufacturing.
Danone sets itself a methane reduction target
The agri-food giant announced on Tuesday that it intends to reduce by 30% by 2030, compared to 2020, methane emissions linked to the breeding of cows which supply its factories with fresh milk.
The action fell 0.91% to 49.69 euros.
ADP approaches pre-Covid attendance
In 2022, Paris airports welcomed more than double the number of passengers from the previous year, returning to 80.2% of their 2019 attendance, before the health crisis.
The title Aéroports de Paris (ADP) gained 1.74% to 137.15 euros at 10:30 a.m.
© 2023 AFP