(BFM Bourse) – The Paris Stock Exchange limits its gains to 0.4% on Monday evening in more than narrow volumes. Initiatives have indeed been limited, in the absence of Wall Street, which remained closed for the American national holiday.
A day without Wall Street and, as often, the European markets are confused. The Paris Stock Exchange closed this start of the week with a slight gain of 0.40% to 5,954.65 points, not having had enough fuel to validate its rebound observed at the high of the session (+1.20% at 6,002.07 dots). Volumes reflect the rise of the day, reduced since only 2.17 billion euros were traded on Monday.
Fifteen days after “Juneteenth” – a contraction of “june” (June) and “nineteenth” (nineteen) – a holiday recently instituted to commemorate the abolition of slavery at the federal level, American investors are again paused on the occasion of the national holiday, chosen in celebration of the declaration of independence (July 4, 1776) from the United Kingdom. Note in passing that the Paris Stock Exchange did not observe the tricolor national holiday itself since it will remain open on July 14th…
Among the titles in sight, TotalEnergies ended the session at the top of the CAC 40 thanks to an increase of 4.55% in the wake of the rebound in black gold.
Technip Energies grew by 4.8% as the group won an engineering and supply contract for the carbon storage unit of the Klemetsrud waste-to-energy plant in Oslo, the first and largest plant in this guy in the world.
Sodexo is up for the third session in a row in the wake of its recent quarterly publication, adding another 4% to its previous gains, while analysts review the case with a more positive bias like Oddo BHF which gives a slight boost to its objective (from 80 to 82 euros). Elior this time does not follow and closes down 4.3%.
The vast renewal project of the board of directors of Orpea allows a rebound of the title of 3.6% at the close.
Three weeks before the publication of its half-year results, LVMH limited its gains to 0.9% while Stifel reiterates its preference for the title within the luxury universe.
On the other hand and not to change Atos accelerated its losses to nearly 11% while several shareholders asked the board of directors for the departure of the current president Bertrand Meunier, reports Le Monde. Exane BNP Paribas has also come, better late than never, to reduce its opinion on the title which has lost two thirds of its value since the beginning of the year.
On the side of more modest capitalizations, Miliboo soared by nearly 19% while the M6 group will rise to more than 20% of the capital of the furniture specialist.
Among other major assets, the euro is stable at $1.0418. Bitcoin rises to $19,749.40. Oil prices resumed their upward path despite fears over demand and rebounded nearly 2% to 110.40 dollars a barrel for WTI and 113.58 dollars for Brent.
Sabrina Sadgui – ©2022 BFM Bourse