Paris Stock Exchange Hits Record High During Session but Closes Flat Amid Hesitation – January 13, 2026
- Paris Bourse’s Rollercoaster Day: Record High, Flat Close
- Eutelsat Soars on Satellite Deal, Europe Ends Green
- Trump vs. Powell: Fed Independence Under Fire?
- Key Events Ahead: Tariffs and Inflation Data
- Markets at a Glance
- FAQ: Your Quickfire Market Questions Answered
The Paris Stock Exchange flirted with a new all-time intraday high of 8,378 points before closing nearly flat at 8,358 (-0.04%). Stellantis and Capgemini dragged the index down, while Eutelsat surged 14.8% on a satellite deal. European markets edged higher, but tensions between TRUMP and Fed Chair Powell dominated headlines. Meanwhile, traders await U.S. inflation data and a Supreme Court ruling on Trump-era tariffs.
Paris Bourse’s Rollercoaster Day: Record High, Flat Close
The CAC 40 staged a midday rally to hit a historic 8,378 points before retreating to 8,358 by closing bell—just 0.04% lower. "It’s classic profit-taking after a record," noted BTCC analyst Jean-Luc Martin. "Investors are cautious ahead of tomorrow’s U.S. CPI data." Stellantis plunged 4.3% as it phases out hybrid production in North America, while Capgemini dropped 4.2% post-Morgan Stanley downgrade.
Eutelsat Soars on Satellite Deal, Europe Ends Green
Eutelsat skyrocketed 14.8% after commissioning Airbus to build 340 OneWeb satellites—the biggest SBF120 gainer. Frankfurt’s DAX ROSE 0.54% (Fresenius +3%), while London’s FTSE 100 added 0.17% (Fresnillo +6.2%). "European markets are pricing in expected Fed rate cuts," said TradingView data strategist Clara Weiss.
Trump vs. Powell: Fed Independence Under Fire?
The Fed confirmed receiving DOJ subpoenas over building renovations—a MOVE Powell dismissed as "pretextual." Aberdeen’s Jon Butcher warns: "This legal battle could force Powell to stay as Governor post-May to defend Fed autonomy." The spat reflects Trump’s push for faster rate cuts ahead of the 2026 midterms.
Key Events Ahead: Tariffs and Inflation Data
The Supreme Court will rule within two weeks on Trump’s 2025 global tariffs, with a 70% chance of rejection, per Pictet AM. Goldman Sachs remains bullish: "U.S. growth could hit 2.5% in 2026 on tax cuts and productivity gains." December’s U.S. CPI data drops tomorrow—likely a non-event according to markets expecting two 50bps Fed cuts by June.
Markets at a Glance
- Bonds: 10Y Bund at 2.80%, OAT at 3.50%
- Oil: Brent +1% to $63.6 on Venezuela-Iran tensions
- FX: Euro up 0.4% to 1.167 USD
FAQ: Your Quickfire Market Questions Answered
Why did Eutelsat shares jump?
Eutelsat surged 14.8% after signing a contract with Airbus to construct 340 new low-orbit satellites for its OneWeb project—a major infrastructure play in the space internet race.
What’s the Trump-Powell conflict about?
Trump has long criticized Powell for slow rate cuts. The new twist? DOJ subpoenas targeting Fed officials over building renovations—seen as political pressure ahead of the 2026 election cycle.
How will the Supreme Court tariff decision impact markets?
Pictet AM’s Christopher Dembik notes 70% odds of the Court rejecting Trump’s 2025 tariffs. Since markets have priced this in, actual volatility may be limited unless the ruling defies expectations.
