{"id":3551,"date":"2026-01-06T14:16:50","date_gmt":"2026-01-06T03:16:50","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3551"},"modified":"2026-01-06T14:16:50","modified_gmt":"2026-01-06T03:16:50","slug":"amillex-daily-market-commentary%ef%bd%9cgeopolitical-raid-triggers-safe-haven-surge-stagflation-fears-weigh-on-global-assets","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/01\/06\/amillex-daily-market-commentary%ef%bd%9cgeopolitical-raid-triggers-safe-haven-surge-stagflation-fears-weigh-on-global-assets\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | Crise g\u00e9opolitique : ru\u00e9e vers les valeurs refuges, craintes de stagflation pesant sur les actifs mondiaux\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-41323b8ba25646407c98b56274d97f08\" style=\"font-size:18px\">Sur <strong>6 janvier 2026<\/strong>Les march\u00e9s financiers mondiaux ont entam\u00e9 la nouvelle ann\u00e9e dans un climat de fortes turbulences, marqu\u00e9 par une demande de valeurs refuges et des inqui\u00e9tudes fondamentales. Sur le plan g\u00e9opolitique, l&#039;intervention soudaine des forces am\u00e9ricaines au Venezuela et la capture de Nicol\u00e1s Maduro ont imm\u00e9diatement sem\u00e9 la panique sur les march\u00e9s. Le cours de l&#039;or au comptant a bondi et s&#039;est maintenu au-dessus de 4\u00a0400 $\/oz ($4). Le p\u00e9trole brut WTI, apr\u00e8s une forte volatilit\u00e9 \u00e0 l&#039;ouverture autour de 56,39 $ ($56,39 $), a rapidement \u00e9t\u00e9 soutenu par les achats de valeurs refuges pour franchir \u00e0 nouveau le seuil cl\u00e9 de 58,0 $\/baril ($58,0 $). Cette prime g\u00e9opolitique inverse avec force la tendance baissi\u00e8re r\u00e9cente.\u00a0<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-83a2631309053f982881ac9052501cf3\" style=\"font-size:18px\">Sur le plan macro\u00e9conomique, l&#039;indice PMI manufacturier ISM de d\u00e9cembre, publi\u00e9 hier soir, s&#039;est \u00e9tabli \u00e0 47,9, un chiffre inf\u00e9rieur aux pr\u00e9visions (48,3) et au pr\u00e9c\u00e9dent relev\u00e9. Dans un contexte de taux d&#039;int\u00e9r\u00eat \u00e9lev\u00e9s et d&#039;incertitudes commerciales, les commandes manufacturi\u00e8res am\u00e9ricaines restent faibles et manquent de dynamisme. Plus inqui\u00e9tant encore, l&#039;indice des prix a fortement progress\u00e9 \u00e0 contre-tendance pour atteindre 58,5, signe de pressions inflationnistes persistantes.&nbsp;&nbsp;<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-link-color wp-elements-6988beeab6746bec745669c4ea60fff5\" style=\"font-size:20px\"><strong>Analyse fondamentale et de la performance des march\u00e9s multi-actifs<\/strong>\u00a0<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-ff0e5961634bc923a436ef778a7adaeb\" style=\"font-size:18px\"><strong>1. March\u00e9 des actions am\u00e9ricaines<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7f2408397a37bf48f5541f98f2c029ad\" style=\"font-size:18px\"><strong>Indice Dow Jones\u00a0:<\/strong>\u00a0En hausse de 1,23%, cl\u00f4turant \u00e0 48\u00a0977,18 points, prolongeant les gains pr\u00e9c\u00e9dents tout en se consolidant \u00e0 des niveaux \u00e9lev\u00e9s\u00a0;\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-8436e342f76a706307fa86b8c8ced1d5\" style=\"font-size:18px\"><strong>Contrats \u00e0 terme sur l&#039;indice S&amp;P 500\u00a0:<\/strong>\u00a0En hausse d&#039;environ 2,2% \u00e0 6\u00a0900 points, indiquant un optimisme prudent avant la publication de donn\u00e9es macro\u00e9conomiques cl\u00e9s\u00a0;\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e0321f582da439991b48ae84c4a08ab3\" style=\"font-size:18px\"><strong>Contrats \u00e0 terme sur l&#039;indice Nasdaq 100\u00a0:<\/strong>\u00a0En hausse d&#039;environ 0,7% \u00e0 23\u00a0390 points, les valeurs technologiques restant soutenues.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-801803788be11bedf11b43cb48525bad\" style=\"font-size:18px\"><strong>Focus sur les actions<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-1fd2b0f7b5c033df107640c3e8d9787f\" style=\"font-size:18px\"><strong>Tesla (TSLA)<\/strong>Apr\u00e8s sept s\u00e9ances de bourse cons\u00e9cutives de fortes baisses, l&#039;action a connu un rebond technique aujourd&#039;hui, cl\u00f4turant en hausse de 3,1%.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-a20c85cee914981587165b243fa202e4\" style=\"font-size:18px\">\u00c0 court terme, les indices boursiers restent dans une structure haussi\u00e8re irr\u00e9guli\u00e8re, mais avec un volume d&#039;\u00e9changes mod\u00e9r\u00e9 et un app\u00e9tit pour le risque qui n&#039;a pas encore pleinement repris.&nbsp;<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-95b9742e240449cb98883fb2c5b20aee\" style=\"font-size:18px\"><strong>2. March\u00e9 des changes<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-89c36b31b96d5b84ad8132dbe0cba242\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY)<\/strong>: Reste ferme, fluctuant autour du niveau de 98,3 avec une tendance haussi\u00e8re progressive.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5c407d34fefbdcd265e17d5f836d5fef\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong>\u00a0Sous la pression de la vigueur du dollar am\u00e9ricain, le cours a fluctu\u00e9 entre 1,16 et 1,17.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9587f9e87e5c53cc5b04cd68c9dceb1a\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong>\u00a0Le yen se maintient au-dessus de 156, malgr\u00e9 la persistance des pressions \u00e0 la baisse sur ce dernier.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-47166953dae82f083843f742db5c40fa\" style=\"font-size:18px\"><strong>Logique de conduite :&nbsp;<\/strong>La vigueur du dollar s&#039;explique principalement par les anticipations de stabilit\u00e9 de la politique mon\u00e9taire \u00e0 court terme de la R\u00e9serve f\u00e9d\u00e9rale, ainsi que par la demande de valeurs refuges dans un contexte de faiblesse des indicateurs \u00e9conomiques internationaux. Par ailleurs, les divergences de politiques entre les \u00c9tats-Unis et le Japon continuent de peser sur le yen.&nbsp;<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-ff6a8b443a8bd973ca90a6f1108af1cf\" style=\"font-size:18px\"><strong>3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-23df8d66bcf83ff9eb975a59626627d3\" style=\"font-size:18px\"><strong>Or au comptant (XAU\/USD) :<\/strong>\u00a0Le cours de l&#039;or a bondi de 2,71 TTP3 T en s\u00e9ance pour atteindre environ 1 TTP4 T4\u00a0400 $\/oz, un nouveau sommet depuis la fin de l&#039;ann\u00e9e derni\u00e8re. La contraction persistante de l&#039;indice PMI manufacturier de l&#039;ISM (47,9) a fortement \u00e9branl\u00e9 la confiance dans la croissance \u00e9conomique am\u00e9ricaine, incitant les capitaux \u00e0 se r\u00e9fugier dans l&#039;or comme valeur refuge et repoussant encore davantage le plafond des prix du m\u00e9tal jaune.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-58630de1388df7630aeab19b01cef224\" style=\"font-size:18px\"><strong>Argent au comptant (XAG\/USD) :<\/strong>\u00a0Cot\u00e9 aux alentours de $75,5\/oz. Techniquement, une forte r\u00e9sistance se concentre entre $77 et $78. P\u00e9nalis\u00e9e par des anticipations de faible demande industrielle, sa marge de hausse est actuellement inf\u00e9rieure \u00e0 celle de l&#039;or.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7f4109e2515b687e70f133ac93eb1782\" style=\"font-size:18px\"><strong>P\u00e9trole brut WTI :<\/strong>\u00a0Consolidation entre $57 et $58\/baril. Les risques de perturbation de l&#039;approvisionnement li\u00e9s au conflit g\u00e9opolitique v\u00e9n\u00e9zu\u00e9lien soutiennent fortement les prix du p\u00e9trole, leur permettant de tenter d&#039;inverser la pression exerc\u00e9e par la vigueur du dollar am\u00e9ricain, alors que les prix cherchent \u00e0 se stabiliser gr\u00e2ce aux achats de valeurs refuges et \u00e0 la lutte d&#039;influence sur le march\u00e9.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-472eea72d082dc48fa389c44d75ed488\" style=\"font-size:18px\"><strong>4. Actifs crypto<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-3463936711a7682b2fd4746b1d0685b5\" style=\"font-size:18px\"><strong>Bitcoin (BTC) :<\/strong>\u00a0Le titre se n\u00e9gocie autour de $93\u00a0000, \u00e9voluant lat\u00e9ralement \u00e0 des niveaux \u00e9lev\u00e9s. Un support cl\u00e9 \u00e0 court terme se situe entre $90\u00a0000 et $92\u00a0000.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-a45bab1b42b32904e27c976333054a66\" style=\"font-size:18px\"><strong>Ethereum (ETH) :\u00a0<\/strong>Le cours se n\u00e9gocie autour de $3,100, les mouvements influenc\u00e9s par le sentiment restant pr\u00e9dominants et la volatilit\u00e9 toujours \u00e9lev\u00e9e.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-ca21d189b01f3686ab1ab7a9a1f60f4e\" style=\"font-size:18px\"><strong>5. Le th\u00e8me du jour<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-00d5ce4ba8a3736be38ba7ffbfc38853\" style=\"font-size:18px\">IPC Allemagne m\/m\u00a0<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>On January 6, 2026, global financial markets opened the first week of the new year amid multiple layers of turbulence, with safe-haven demand and fundamental concerns resonating simultaneously. On the geopolitical front, a sudden event in which U.S. forces launched a raid in Venezuela and captured Nicol\u00e1s Maduro instantly sent market panic sentiment soaring. Spot [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":3554,"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-3551","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\/3551","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=3551"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3551\/revisions"}],"predecessor-version":[{"id":3552,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3551\/revisions\/3552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3554"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}