{"id":990177,"date":"2025-11-17T04:10:16","date_gmt":"2025-11-17T04:10:16","guid":{"rendered":"https:\/\/heritagewealth.mu\/perspectives-hebdomadaires-des-marches\/"},"modified":"2025-12-04T12:00:57","modified_gmt":"2025-12-04T12:00:57","slug":"perspectives-hebdomadaires-des-marches","status":"publish","type":"post","link":"https:\/\/backheritage.artover.fr\/fr\/perspectives-hebdomadaires-des-marches\/","title":{"rendered":"Perspectives Hebdomadaires des March\u00e9s"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"990177\" class=\"elementor elementor-990177\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ecc6644 e-flex e-con-boxed e-con e-parent\" data-id=\"ecc6644\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-da2dfdb elementor-widget elementor-widget-image\" data-id=\"da2dfdb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/backheritage.artover.fr\/wp-content\/uploads\/elementor\/thumbs\/finger-touch-on-tablet-computer-with-stock-market-2025-03-25-09-01-02-utc-scaled-rf671dq6jp0rfbkmbmf99iehptauk1ipzd4s6x7q8w.jpg\" title=\"Finger touch on tablet computer with stock market data\" alt=\"Finger touch on tablet computer with stock market data\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6fb60eba e-flex e-con-boxed e-con e-parent\" data-id=\"6fb60eba\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-72a2ae96 elementor-widget elementor-widget-heading\" data-id=\"72a2ae96\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">LES GRANDS TH\u00c8MES DE LA SEMAINE<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76a1c462 elementor-widget elementor-widget-text-editor\" data-id=\"76a1c462\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"text-decoration: underline;\"><strong>Points cl\u00e9s :<\/strong><\/span><\/p><ul><li>Le rapport sur l&#8217;emploi am\u00e9ricain, publi\u00e9 avec retard, pr\u00e9sente un tableau mitig\u00e9 : les cr\u00e9ations d&#8217;emplois non agricoles ont augment\u00e9 de 119 000 en septembre, tandis que le chiffre du mois pr\u00e9c\u00e9dent a \u00e9t\u00e9 r\u00e9vis\u00e9 \u00e0 la baisse de 33 000. Avec l&rsquo;augmentation du taux de participation au march\u00e9 du travail, le taux de ch\u00f4mage est mont\u00e9 \u00e0 4,4 %, son plus haut niveau depuis quatre ans. <\/li><li>Les derniers comptes-rendus du FOMC ont r\u00e9v\u00e9l\u00e9 une division croissante entre les membres restrictifs et accommodants de la R\u00e9serve f\u00e9d\u00e9rale am\u00e9ricaine. Suite aux commentaires accommodants du pr\u00e9sident de la Fed de New York, John Williams, les anticipations du march\u00e9 pour une baisse des taux de 25 points de base en d\u00e9cembre<br>sont pass\u00e9es \u00e0 plus de 70 %, contre 45 % la semaine pr\u00e9c\u00e9dente. <\/li><li>L&rsquo;activit\u00e9 du secteur priv\u00e9 am\u00e9ricain est rest\u00e9e solide, avec un PMI composite \u00e0 54,8. Le secteur manufacturier s&rsquo;est mod\u00e9r\u00e9 \u00e0 51,9, tandis que les services ont progress\u00e9 \u00e0 54,8. <\/li><li>Le Japon a annonc\u00e9 un plan de relance de 21,3 billions de yens (135 milliards USD), son plus important depuis la pand\u00e9mie, augmentant les attentes d&rsquo;un soutien budg\u00e9taire plus fort et d&rsquo;une inflation plus \u00e9lev\u00e9e. Le PIB r\u00e9el pr\u00e9liminaire du T3 s&rsquo;est \u00e9tabli \u00e0 -1,8 % en rythme annualis\u00e9, marquant la premi\u00e8re contraction en six trimestres. <\/li><li>Nvidia a annonc\u00e9 des revenus sup\u00e9rieurs aux attentes, port\u00e9s par une forte demande pour ses puces IA. L&rsquo;entreprise a \u00e9mis des pr\u00e9visions de revenus optimistes pour le T4, au-dessus du consensus. La concentration clients reste \u00e9lev\u00e9e, avec quatre clients repr\u00e9sentant 60 % des ventes.  <\/li><li>L&rsquo;\u00e9conomie de la zone euro a montr\u00e9 sa r\u00e9silience, avec l&rsquo;indice PMI composite d&rsquo;octobre atteignant un plus haut de deux ans et demi. Le secteur manufacturier reste fragile, tandis que les services continuent de r\u00e9sister. Les salaires n\u00e9goci\u00e9s se sont mod\u00e9r\u00e9s \u00e0 1,87 % au T3, en baisse par rapport \u00e0 plus de 2 %.  <\/li><li>L&rsquo;administration Trump a lanc\u00e9 un ultimatum \u00e0 l&rsquo;Ukraine pour accepter un accord de paix avant Thanksgiving.<\/li><\/ul><p><span style=\"text-decoration: underline;\"><strong>R\u00e9action des march\u00e9s :<\/strong><\/span><\/p><ul><li>Malgr\u00e9 des r\u00e9sultats d&rsquo;entreprises positifs (Nvidia, Walmart) et des donn\u00e9es am\u00e9ricaines meilleures que pr\u00e9vu, l&rsquo;aversion au risque a augment\u00e9. Les march\u00e9s actions ont baiss\u00e9, avec des inqui\u00e9tudes persistantes concernant les valorisations du secteur technologique pesant sur les indices plus larges. <\/li><li>Les flux vers les valeurs refuges ont pouss\u00e9 les rendements des obligations d&rsquo;\u00c9tat de r\u00e9f\u00e9rence \u00e0 la baisse. En revanche, le nouveau plan de relance japonais a d\u00e9clench\u00e9 une hausse des rendements \u00e0 long terme, avec le JGB \u00e0 30 ans se n\u00e9gociant au-dessus de son \u00e9quivalent allemand. <\/li><li>Les indices d&rsquo;obligations d&rsquo;entreprises de qualit\u00e9 investment grade ont affich\u00e9 des rendements positifs, tandis que la faiblesse des actions a mis sous pression les march\u00e9s high yield.<\/li><li>Les prix du p\u00e9trole ont chut\u00e9 dans un contexte de nouveaux efforts pour un accord de paix, et l&rsquo;or a l\u00e9g\u00e8rement baiss\u00e9 alors que le dollar am\u00e9ricain se renfor\u00e7ait. Le yen japonais a atteint un plus bas de 10 mois face au USD suite \u00e0 l&rsquo;annonce du plan de relance budg\u00e9taire. <\/li><li>Le Bitcoin a connu une forte correction, chutant \u00e0 environ 83 000 USD depuis un pic au-dessus de 126 000 USD le 6 octobre. La baisse s&rsquo;est propag\u00e9e \u00e0 l&rsquo;ensemble du march\u00e9 des cryptomonnaies. <\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-48bdb4cc e-con-full e-flex e-con e-child\" data-id=\"48bdb4cc\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-3691364c e-con-full e-flex e-con e-child\" data-id=\"3691364c\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2eb63f4f elementor-widget elementor-widget-image\" data-id=\"2eb63f4f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"679\" src=\"https:\/\/backheritage.artover.fr\/wp-content\/uploads\/2025\/11\/Screenshot-2025-12-02-at-08.21.39-1024x679.png\" class=\"attachment-large size-large wp-image-989094\" alt=\"\" srcset=\"https:\/\/backheritage.artover.fr\/wp-content\/uploads\/2025\/11\/Screenshot-2025-12-02-at-08.21.39-1024x679.png 1024w, https:\/\/backheritage.artover.fr\/wp-content\/uploads\/2025\/11\/Screenshot-2025-12-02-at-08.21.39-300x199.png 300w, https:\/\/backheritage.artover.fr\/wp-content\/uploads\/2025\/11\/Screenshot-2025-12-02-at-08.21.39-768x510.png 768w, https:\/\/backheritage.artover.fr\/wp-content\/uploads\/2025\/11\/Screenshot-2025-12-02-at-08.21.39.png 1290w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6984d872 e-con-full e-flex e-con e-child\" data-id=\"6984d872\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-727ceb5e e-con-full e-flex e-con e-child\" data-id=\"727ceb5e\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-67afc3e8 e-con-full e-flex e-con e-child\" data-id=\"67afc3e8\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-27902f7f e-con-full e-flex e-con e-child\" data-id=\"27902f7f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-55c9a2f3 elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"55c9a2f3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Rapport<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18f04a4c elementor-invisible animated-fast elementor-widget elementor-widget-heading\" data-id=\"18f04a4c\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;slideInUp&quot;,&quot;_animation_delay&quot;:50}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Perspectives Hebdomadaires des March\u00e9s <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a2712c8 elementor-invisible animated-fast elementor-widget elementor-widget-heading\" data-id=\"a2712c8\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;slideInUp&quot;,&quot;_animation_delay&quot;:50}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">7 nov. 2025 \u2013 21 nov. 2025<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1823b224 elementor-widget elementor-widget-spacer\" data-id=\"1823b224\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4c36039f e-con-full e-flex e-con e-child\" data-id=\"4c36039f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"vamtam-has-theme-widget-styles elementor-element elementor-element-15c944b5 elementor-invisible animated-fast elementor-widget elementor-widget-button\" data-id=\"15c944b5\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:150}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/heritagewealth.mu\/wp-content\/uploads\/2025\/12\/2025.11.21-Weekly-Market-Insights.pdf\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">T\u00e9l\u00e9charger le Rapport<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c36098e elementor-widget elementor-widget-heading\" data-id=\"c36098e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Table des mati\u00e8res du rapport :<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"vamtam-has-theme-widget-styles elementor-element elementor-element-9e7b5e7 elementor-icon-list--layout-traditional elementor-list-item-link-full_width vamtam-icon-bg-no vamtam-icon-bg-no elementor-widget elementor-widget-icon-list\" data-id=\"9e7b5e7\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Les Grands Th\u00e8mes de la Semaine<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Graphiques de la semaine<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">\u00c9v\u00e9nements \u00c9conomiques \u00e0 Surveiller<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Revue Hebdomadaire des March\u00e9s (Au 21 novembre 2025)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>2025<\/p>\n","protected":false},"author":1,"featured_media":990012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[],"class_list":["post-990177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-perspectives-hebdomadaires-des-marches"],"_links":{"self":[{"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/posts\/990177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/comments?post=990177"}],"version-history":[{"count":1,"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/posts\/990177\/revisions"}],"predecessor-version":[{"id":990178,"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/posts\/990177\/revisions\/990178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/media\/990012"}],"wp:attachment":[{"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/media?parent=990177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/categories?post=990177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backheritage.artover.fr\/fr\/wp-json\/wp\/v2\/tags?post=990177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}