{"id":3398,"date":"2025-12-12T18:55:44","date_gmt":"2025-12-12T07:55:44","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3398"},"modified":"2025-12-23T19:25:06","modified_gmt":"2025-12-23T08:25:06","slug":"20251211en","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2025\/12\/12\/20251211en\/","title":{"rendered":"Analyse quotidienne des march\u00e9s d&#039;Amillex\u00a0: Les craintes li\u00e9es \u00e0 une bulle IA se ravivent\u00a0! Le choc des r\u00e9sultats d&#039;Oracle p\u00e8se sur le secteur technologique, l&#039;argent d\u00e9passe les 62\u00a0USD et atteint un nouveau record, le Bitcoin chute sous les 90\u00a0000\u00a0USD."},"content":{"rendered":"<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<h2 class=\"wp-block-heading\">12 d\u00e9cembre 2025 \u2014 Le Nasdaq a recul\u00e9 de 0,611\u00a0TP3T et le S&amp;P 500 de 0,371\u00a0TP3T hier. L\u2019indice du dollar am\u00e9ricain s\u2019est l\u00e9g\u00e8rement appr\u00e9ci\u00e9, tandis que le yen est rest\u00e9 sous pression. Le cours de l\u2019argent au comptant a bondi de 11\u00a0TP3T pour atteindre 62,54\u00a0USD\/oz, un nouveau record historique. Le Bitcoin a chut\u00e9 de 2,31\u00a0TP3T et est pass\u00e9 sous la barre des 90\u00a0000\u00a0USD. L\u2019attention du march\u00e9 est partag\u00e9e entre une \u00ab\u00a0correction de la valorisation de l\u2019IA\u00a0\u00bb et des \u00ab\u00a0d\u00e9s\u00e9quilibres entre l\u2019offre et la demande de mati\u00e8res premi\u00e8res\u00a0\u00bb.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Principaux mouvements du march\u00e9 et analyse fondamentale<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">1. Actions am\u00e9ricaines\u00a0: Oracle en t\u00eate du repli des valeurs technologiques, les inqui\u00e9tudes li\u00e9es \u00e0 la bulle de l\u2019IA s\u2019intensifient<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P 500\u00a0: \u20130,37% \u00e0 6\u00a0861,30<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Dow Jones : +0,05%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Nasdaq\u00a0: \u20130,61% \u00e0 23\u00a0509,22<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Focus sur les actions :<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Oracle a chut\u00e9 de 161 TP3T lors des \u00e9changes apr\u00e8s la cl\u00f4ture, effa\u00e7ant 102 milliards de dollars de capitalisation boursi\u00e8re en une seule s\u00e9ance.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Principaux moteurs\u00a0:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Choc des r\u00e9sultats :<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Les revenus et les ventes de services cloud d&#039;Oracle au deuxi\u00e8me trimestre de l&#039;exercice 2026 ont tous deux \u00e9t\u00e9 inf\u00e9rieurs aux pr\u00e9visions\u00a0;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Le flux de tr\u00e9sorerie disponible s&#039;est \u00e9tabli \u00e0 -10 milliards de dollars am\u00e9ricains ;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Les pr\u00e9visions en mati\u00e8re de d\u00e9penses d&#039;investissement ont \u00e9t\u00e9 relev\u00e9es de 15 milliards de dollars.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Pr\u00e9occupations li\u00e9es \u00e0 l&#039;endettement\u00a0:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Panmure Liberum a averti que l&#039;expansion d&#039;Oracle dans le domaine de l&#039;IA repose fortement sur le financement par emprunt, ce qui soul\u00e8ve des doutes quant \u00e0 la rentabilit\u00e9 globale du secteur de l&#039;IA.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">2. Mati\u00e8res premi\u00e8res : L&#039;argent atteint un nouveau record, le cuivre est soutenu par une offre restreinte<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Argent:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Le cours de l&#039;argent au comptant a augment\u00e9 de 1% pour atteindre 62,54 USD\/oz, portant les gains depuis le d\u00e9but de l&#039;ann\u00e9e \u00e0 plus de 110%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Facteurs cl\u00e9s : forte demande d\u2019\u00e9nergie solaire (PV), stocks mondiaux \u00e0 leur plus bas niveau depuis 10 ans et entr\u00e9es sp\u00e9culatives amplifiant les hausses de prix.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Cuivre:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Le cuivre du LME a augment\u00e9 de 0,51 TP3T pour atteindre 11 618 USD\/tonne, soit une hausse de plus de 301 TP3T depuis le d\u00e9but de l&#039;ann\u00e9e.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Risques li\u00e9s \u00e0 l&#039;approvisionnement\u00a0:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Les accidents miniers chiliens et le stockage excessif motiv\u00e9 par la volont\u00e9 d&#039;\u00e9viter les droits de douane aggravent les tensions sur le march\u00e9 physique.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">3. Change et obligations : Le dollar se redresse l\u00e9g\u00e8rement, les rendements am\u00e9ricains se d\u00e9tendent<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Indice du dollar\u00a0: stable autour de 99,0, l\u2019optimisme quant \u00e0 une baisse des taux de la Fed \u00e9tant largement int\u00e9gr\u00e9 dans les cours.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bons du Tr\u00e9sor am\u00e9ricain\u00a0: le rendement \u00e0 10\u00a0ans a chut\u00e9 \u00e0 4,14%, la demande de valeurs refuges ayant compens\u00e9 les inqui\u00e9tudes li\u00e9es \u00e0 l\u2019inflation.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">JPY\u00a0: Le taux de change USD\/JPY a oscill\u00e9 autour de 156,0, soutenu par les anticipations d\u2019une hausse des taux de la Banque du Japon en d\u00e9cembre.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">4. Cryptomonnaies\u00a0: Le Bitcoin passe sous la barre des 90\u00a0000\u00a0USD face \u00e0 l\u2019augmentation des sorties de capitaux institutionnelles.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin : -2,31 TP3T \u00e0 90\u00a0224 USD<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum : \u20134,1%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Vent contraire du sentiment :<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Standard Chartered a abaiss\u00e9 son objectif Bitcoin de fin d&#039;ann\u00e9e 2025 de 200\u00a0000 USD \u00e0 100\u00a0000 USD, invoquant la baisse des flux entrants dans les ETF et l&#039;affaiblissement de la demande institutionnelle.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">5. P\u00e9trole brut\u00a0: Apaisement des tensions g\u00e9opolitiques, surabondance de l\u2019offre et pression sur les prix<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">P\u00e9trole brut Brent : -0,71 TP3T \u00e0 61,51 USD\/baril<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Facteurs baissiers\u00a0:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Surabondance de l&#039;offre : le p\u00e9trole brut russe et iranien \u2014 tous deux sous sanctions \u2014 repr\u00e9sente d\u00e9sormais 151 TP3 T de l&#039;offre mondiale, ce qui accro\u00eet les risques de transfert des stocks offshore vers les c\u00f4tes.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Inqui\u00e9tudes concernant la demande\u00a0: le ralentissement de la croissance \u00e9conomique mondiale compense la prime g\u00e9opolitique li\u00e9e \u00e0 la saisie du p\u00e9trolier v\u00e9n\u00e9zu\u00e9lien.<\/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\">Allemagne IPC novembre (d\u00e9finitif, mois par mois)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">PIB du Royaume-Uni sur 3 mois (octobre) (MoM)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Production manufacturi\u00e8re britannique d&#039;octobre (en glissement mensuel)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Balance commerciale du Royaume-Uni en octobre (biens, milliards de livres sterling)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Production industrielle britannique d&#039;octobre (en glissement mensuel)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">France IPC novembre (d\u00e9finitif, mois apr\u00e8s mois)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Ventes de gros au Canada en octobre (moyenne mensuelle)<\/h2>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>December 12, 2025 \u2014 The Nasdaq fell 0.61% and the S&amp;P 500 slipped 0.37% yesterday. The U.S. Dollar Index edged higher while the yen remained under pressure. Spot silver surged 1% to USD 62.54\/oz, hitting a new all-time high. Bitcoin tumbled 2.3% and fell below the USD 90,000 level. Market attention is sharply divided between [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=3398"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3398\/revisions"}],"predecessor-version":[{"id":3400,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3398\/revisions\/3400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3399"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}