{"id":3116,"date":"2025-11-14T14:05:36","date_gmt":"2025-11-14T03:05:36","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3116"},"modified":"2025-12-23T19:35:26","modified_gmt":"2025-12-23T08:35:26","slug":"20251113en","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2025\/11\/14\/20251113en\/","title":{"rendered":"Analyse quotidienne des march\u00e9s d&#039;Amillex\u00a0: Les actions am\u00e9ricaines reculent face \u00e0 l&#039;essoufflement de l&#039;\u00e9lan suscit\u00e9 par la r\u00e9ouverture des administrations\u00a0; l&#039;or franchit la barre des 4\u00a0210\u00a0$ et atteint son plus haut niveau en trois semaines\u00a0; le p\u00e9trole se stabilise autour de 58\u00a0$."},"content":{"rendered":"<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<h2 class=\"wp-block-heading\">14 novembre 2025 \u2014 Les actions am\u00e9ricaines ont recul\u00e9 de mani\u00e8re g\u00e9n\u00e9ralis\u00e9e jeudi, le Nasdaq perdant plus de 1,61 billion de points. L&#039;or au comptant a franchi la barre des 4\u00a0210 dollars, atteignant son plus haut niveau depuis le 21 octobre. Les prix du p\u00e9trole se sont stabilis\u00e9s autour de 58 dollars le baril apr\u00e8s de fortes baisses en d\u00e9but de semaine. Le dollar am\u00e9ricain s&#039;est l\u00e9g\u00e8rement affaibli, tandis que le Bitcoin a rebondi de pr\u00e8s de 11 billions de dollars. Le d\u00e9bat sur les march\u00e9s \u00e9tait centr\u00e9 sur le manque de donn\u00e9es \u00e9conomiques et les divergences d&#039;opinions concernant la politique de la R\u00e9serve f\u00e9d\u00e9rale.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Actions am\u00e9ricaines : le secteur technologique en t\u00eate des baisses, l&#039;\u00e9nergie seule lueur d&#039;espoir.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Le S&amp;P 500 a chut\u00e9 apr\u00e8s 1%\u00a0;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Le Dow Jones a chut\u00e9 de 300 points (-0,6%) ;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Le Nasdaq a perdu 1,69%\u00a0;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">L&#039;indice Russell 2000 des petites capitalisations a chut\u00e9 de 1,17%\u00a0;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">L&#039;indice Philadelphia Semiconductor a chut\u00e9 de 2,89%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Principaux secteurs en baisse : Technologie (-0,7%), Semi-conducteurs (-1,2%) ;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Surperformance : L&#039;ETF du secteur de l&#039;\u00e9nergie progresse de 0,6%, soutenu par la fermet\u00e9 des prix du p\u00e9trole.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">R\u00e9cit principal\u00a0:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u00ab Les bonnes nouvelles sont d\u00e9j\u00e0 int\u00e9gr\u00e9es aux cours \u00bb \u2014 Des prises de b\u00e9n\u00e9fices ont suivi la fin du blocage des services gouvernementaux am\u00e9ricains qui a dur\u00e9 43 jours.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Absence de donn\u00e9es \u2013 Avec des rapports cl\u00e9s comme ceux sur l\u2019emploi non agricole et l\u2019IPC retard\u00e9s, les march\u00e9s manquent d\u2019un catalyseur directionnel clair.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">M\u00e9taux pr\u00e9cieux\u00a0: L\u2019or prolonge sa s\u00e9rie de gains \u00e0 cinq jours, les paris sur les valeurs refuges et les baisses de taux se confirmant.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Le cours de l&#039;or au comptant a augment\u00e9 de 0,47% pour atteindre $4,210\/oz, son plus haut niveau depuis le 21 octobre ;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">L&#039;argent a suivi la m\u00eame tendance haussi\u00e8re, d\u00e9passant bri\u00e8vement $52,5.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Conducteurs :<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Anticipations de baisse des taux : les march\u00e9s int\u00e8grent d\u00e9sormais une probabilit\u00e9 de 68% d&#039;une baisse des taux de la Fed en d\u00e9cembre ;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Demande de valeur refuge : L&#039;absence de donn\u00e9es \u00e9conomiques amplifie l&#039;incertitude, provoquant des afflux de capitaux vers l&#039;or.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Mati\u00e8res premi\u00e8res : Le p\u00e9trole se maintient \u00e0 $58 face aux inqui\u00e9tudes persistantes concernant l&#039;approvisionnement de l&#039;OPEP+<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Le prix du p\u00e9trole brut WTI s&#039;est stabilis\u00e9 autour de $58\/baril\u00a0;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Le prix du p\u00e9trole brut Brent oscillait autour de $62.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Principes fondamentaux :<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Soutien \u00e0 court terme\u00a0: les stocks de p\u00e9trole brut am\u00e9ricains ont diminu\u00e9 de 5,2 millions de barils (donn\u00e9es API)\u00a0;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Pressions \u00e0 long terme : le rapport mensuel de l&#039;OPEP avertit que la surproduction potentielle au premier trimestre 2024 pourrait s&#039;aggraver.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Point de vue institutionnel\u00a0: UBS a not\u00e9 que si l\u2019OPEP+ n\u2019accentue pas les r\u00e9ductions de production, les prix du p\u00e9trole pourraient tester le seuil de $55.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Change et crypto : Le dollar s&#039;affaiblit l\u00e9g\u00e8rement, le bitcoin reprend $103,000<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">L&#039;indice du dollar am\u00e9ricain a recul\u00e9 de 0,1%\u00a0;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">La paire EUR\/USD a progress\u00e9 jusqu&#039;\u00e0 1,1605\u00a0;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">La paire USD\/JPY est rest\u00e9e stable \u00e0 154,75, les anticipations d&#039;intervention limitant la volatilit\u00e9 ;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin a gagn\u00e9 1% pour atteindre $102 895, tandis qu&#039;Ethereum a \u00e9galement progress\u00e9.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Logique principale\u00a0: La volatilit\u00e9 croissante des actifs risqu\u00e9s pousse certains investisseurs vers des valeurs refuges comme le dollar am\u00e9ricain et l\u2019or.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Actions mondiales : L&#039;Asie surperforme, le Nikkei gagne 0,41 % (TP3T).<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Asie-Pacifique : le Nikkei 225 a progress\u00e9 de 0,4% \u00e0 51 281, le TOPIX de 0,7% ;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Europe : STOXX 50 stable, DAX allemand en baisse de 0,1% ;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Flux de capitaux : L&#039;Asie a b\u00e9n\u00e9fici\u00e9 d&#039;un regain d&#039;optimisme concernant les relations commerciales entre les \u00c9tats-Unis et la Chine, attirant des investissements \u00e9trangers dans les valeurs technologiques.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">L&#039;objectif du jour<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Commentaire de la Fed\u00a0: Remarques du pr\u00e9sident de la Fed de New York, John Williams \u2014 tout signe de ralentissement de la r\u00e9duction du bilan pourrait stimuler les actifs \u00e0 risque\u00a0;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Zone euro : donn\u00e9es de la production industrielle de septembre ;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u00c9tats-Unis : Rapport de l&#039;EIA sur les stocks de p\u00e9trole brut \u2014 une nouvelle baisse pourrait pousser le p\u00e9trole vers la r\u00e9sistance $60 ;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">R\u00e9sultats financiers\u00a0: Walmart et Cisco (apr\u00e8s la fermeture des bureaux), essentiels pour \u00e9valuer la r\u00e9silience des consommateurs et les tendances en mati\u00e8re de d\u00e9penses informatiques des entreprises\u00a0;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u00c9v\u00e9nements : R\u00e9union du Comit\u00e9 technique de l&#039;OPEP+ ; R\u00e9union des ministres des Finances du G20 (Indon\u00e9sie).<\/h2>\n<\/blockquote>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>November 14, 2025 \u2014 U.S. equities declined across the board on Thursday, with the Nasdaq falling more than 1.6%. Spot gold broke above $4,210, marking its highest level since October 21. Oil prices stabilized near $58 a barrel after sharp declines earlier in the week. The U.S. dollar weakened slightly, while Bitcoin rebounded nearly 1%. 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