(BFM Bourse) – The CAC 40 returns below 8,100 points Tuesday evening, weighted by values in the defense and aeronautics sector, while awaiting American inflation on Wednesday.
Back to square one, or even lower. The CAC 40 lost 0.86% to 8,049.17 points on Tuesday evening, and fell more than the 0.7% gained the day before.
Unsurprisingly, investors limited risk-taking at the dawn of the two major meetings of the week, namely the publication of inflation figures in the United States on Wednesday, as well as the Bank meeting. European Central, Thursday.
The decline in aeronautics and defense stocks also weighed on the day’s trend. Red lantern of the CAC 40, Thales lost 4.9%, Dassault Aviation 3.5%, Airbus 3.4%, Safran 2.1%.
According to an analyst, these titles may be penalized by the various press reports reporting a potential truce in the Middle East. According to AFP, Hamas is studying this Tuesday a proposed truce in the war against Israel accompanied by the release of hostages held in the Gaza Strip.
Remember that renewed geopolitical tensions tend to boost defense stocks on the stock market, because investors anticipate new orders or renewed market interest in these stocks. And an ebb of these tensions, logically, works in the opposite direction.
Alstom’s revenge
Apart from these values, Alstom takes 7%, an analyst judging that this jump could be due to investors who simply anticipate that the worst is now over for the railway equipment manufacturer.
But it was Biomérieux which took the lead in the SBF 120 this Tuesday evening, driven by the publication of its financial results and its strategic plan for 2028.
Atos fell 13.6% after revealing the framework of its financial restructuring which will result in significant dilution for its shareholders.
As for small and mid-caps, Biophytis limited its gains to 3.8%, after surging by more than 65% during the session. The biotechnology company has unveiled a clinical program aimed at combating muscle loss associated with anti-obesity treatments.
On other markets, the euro gave up a little ground against the dollar at 1.0858 dollars. Oil is losing ground with a fall in the geopolitical risk premium. The June contract on North Sea Brent lost 0.7% to $89.77 per barrel, while the May contract on WTI listed in New York returned 1% to $85.58 per barrel.
Sabrina Sadgui – ©2024 BFM Bourse