{"id":3442,"date":"2025-12-22T18:46:39","date_gmt":"2025-12-22T07:46:39","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3442"},"modified":"2025-12-23T18:38:31","modified_gmt":"2025-12-23T07:38:31","slug":"amillex-daily-market-commentary-periodic-easing-of-market-risk-aversion-us-stocks-recover-silver-hits-new-highs-and-crypto-assets-await-directional-choice","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2025\/12\/22\/amillex-daily-market-commentary-periodic-easing-of-market-risk-aversion-us-stocks-recover-silver-hits-new-highs-and-crypto-assets-await-directional-choice\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | Rel\u00e2chement p\u00e9riodique de l&#039;aversion au risque sur les march\u00e9s\u00a0; les actions am\u00e9ricaines se redressent, l&#039;argent atteint de nouveaux sommets et les crypto-actifs attendent une orientation claire."},"content":{"rendered":"<p class=\"has-medium-font-size\"><strong>22 d\u00e9cembre 2025.&nbsp;<\/strong>Vendredi dernier, les principaux indices boursiers am\u00e9ricains ont cl\u00f4tur\u00e9 en hausse, les valeurs technologiques menant notamment le Nasdaq et le S&amp;P 500, compensant ainsi la faiblesse relative des valeurs de consommation et des petites capitalisations. Des donn\u00e9es sur l&#039;inflation am\u00e9ricaine inf\u00e9rieures aux pr\u00e9visions ont relanc\u00e9 les anticipations de baisse des taux de la R\u00e9serve f\u00e9d\u00e9rale en 2026, entra\u00eenant un net regain d&#039;app\u00e9tit pour le risque. Les m\u00e9taux pr\u00e9cieux ont fait preuve de r\u00e9silience\u00a0: l&#039;or s&#039;est maintenu \u00e0 des niveaux \u00e9lev\u00e9s et l&#039;argent a fortement progress\u00e9 pour atteindre des records. Les prix de l&#039;\u00e9nergie ont l\u00e9g\u00e8rement rebondi, mais sont rest\u00e9s globalement orient\u00e9s \u00e0 la baisse. Sur le march\u00e9 des changes, l&#039;indice du dollar am\u00e9ricain est rest\u00e9 stable, la paire EUR\/USD a subi des pressions \u00e0 la baisse et le yen a affich\u00e9 une faible performance malgr\u00e9 la hausse des taux d&#039;int\u00e9r\u00eat de la Banque du Japon. Dans l&#039;ensemble, le march\u00e9 a connu une reprise volatile, influenc\u00e9e par l&#039;interaction des donn\u00e9es macro\u00e9conomiques et des signaux de politique mon\u00e9taire des banques centrales.&nbsp;<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Performance du march\u00e9 et analyse fondamentale par classe d&#039;actifs<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>1. March\u00e9 boursier am\u00e9ricain :&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Performance de l&#039;indice :<\/strong>&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:20px\">L&#039;indice Dow Jones Industrial Average n&#039;a progress\u00e9 que d&#039;environ 0,38%, p\u00e9nalis\u00e9 par une baisse significative des valeurs de consommation discr\u00e9tionnaire comme Nike.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-medium-font-size\">\n<li class=\"has-medium-font-size\">L&#039;indice S&amp;P 500 a progress\u00e9 d&#039;environ 0,88%.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;indice Nasdaq a fortement progress\u00e9 d&#039;environ 1,311 TP3T gr\u00e2ce aux performances exceptionnelles du secteur de l&#039;IA.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Focus sur les actions :<\/strong>&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Micron Technology a maintenu sa solide performance, cl\u00f4turant \u00e0 environ 7%, jouant un r\u00f4le moteur dans le rebond correctif du secteur technologique.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Oracle a cl\u00f4tur\u00e9 en hausse d&#039;environ 6,61 TP3T, entra\u00eenant \u00e0 la hausse certaines actions des secteurs de l&#039;IA et des logiciels d&#039;entreprise.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Nvidia et Broadcom ont progress\u00e9 d&#039;environ 3,9% et 3,2% respectivement, stimulant ainsi la performance globale du secteur technologique.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Facteurs d\u00e9terminants\u00a0:&nbsp;<\/strong>L&#039;inflation am\u00e9ricaine, plus faible que pr\u00e9vu, a renforc\u00e9 les anticipations d&#039;un cycle de baisse des taux et a am\u00e9lior\u00e9 l&#039;app\u00e9tit pour le risque. Les r\u00e9sultats du secteur technologique et un r\u00e9\u00e9quilibrage des investissements vers les valeurs de croissance ont soutenu le moral g\u00e9n\u00e9ral du march\u00e9.&nbsp;<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><strong>2. March\u00e9 des changes :<\/strong>&nbsp;Le dollar reste stable, l&#039;euro est sous pression, le yen s&#039;affaiblit suite aux signaux de politique mon\u00e9taire.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;indice du dollar am\u00e9ricain est rest\u00e9 stable par rapport aux principales devises ; le dollar est rest\u00e9 globalement stable par rapport \u00e0 ces derni\u00e8res ;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">La paire EUR\/USD a subi des pressions en raison du maintien du taux directeur de la Banque centrale europ\u00e9enne et des anticipations d&#039;un rebond du dollar, oscillant pr\u00e8s du niveau de 1,17 \u00e0 court terme ;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Le taux de change USD\/JPY a progress\u00e9 en raison de la faiblesse du yen\u00a0; bien que la Banque du Japon ait relev\u00e9 son taux directeur \u00e0 0,75% comme pr\u00e9vu, la d\u00e9claration publi\u00e9e apr\u00e8s la r\u00e9union manquait d\u2019indications claires sur les hausses futures (ou n\u2019\u00e9tait pas suffisamment intransigeante)\u00a0;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><strong>3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res :<\/strong>&nbsp;Impact mitig\u00e9 de la baisse de l&#039;inflation et de la hausse de l&#039;app\u00e9tit pour le risque ; tendance g\u00e9n\u00e9rale volatile.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>M\u00e9taux pr\u00e9cieux :&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;or au comptant (XAUUSD) s&#039;est n\u00e9goci\u00e9 au-dessus de $4,300 par once, enregistrant un l\u00e9ger gain vendredi.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;argent au comptant (XAGUSD) a poursuivi sa tendance haussi\u00e8re significative pour l&#039;ann\u00e9e, atteignant de nouveaux sommets et approchant $67,50 par once, avec un gain depuis le d\u00e9but de l&#039;ann\u00e9e d\u00e9passant 130%.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Mati\u00e8res premi\u00e8res :&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Les prix du p\u00e9trole brut WTI ont l\u00e9g\u00e8rement augment\u00e9 vendredi, mais sont rest\u00e9s dans leur fourchette basse d&#039;oscillation pour l&#039;ann\u00e9e.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><strong>4. Actifs crypto :<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Le Bitcoin (BTC) a l\u00e9g\u00e8rement rebondi pour atteindre environ $87 800 ;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Ethereum (ETH) a affich\u00e9 une performance l\u00e9g\u00e8rement sup\u00e9rieure \u00e0 celle de BTC, atteignant environ $3000, bien qu&#039;il reste dans une zone de forte volatilit\u00e9 \u00e0 des niveaux inf\u00e9rieurs.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><strong>5. Le th\u00e8me du jour<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Aucune donn\u00e9e \u00e9conomique marquante \u00e0 suivre aujourd&#039;hui.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>December&nbsp;22, 2025.&nbsp;Last Friday, major US stock indices&nbsp;closed&nbsp;higher, with tech stocks notably leading the Nasdaq and S&amp;P 500, offsetting some weakness in consumer and small-cap stocks. Lower-than-expected US inflation data reignited market expectations for Federal Reserve rate cuts in 2026, leading to a visible recovery in risk appetite. Precious metals remained resilient, with gold holding at&nbsp;high [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3445,"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-3442","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\/3442","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=3442"}],"version-history":[{"count":2,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3442\/revisions"}],"predecessor-version":[{"id":3448,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3442\/revisions\/3448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3445"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}