The significant contagiousness of the Omicron variant is cause for concern among investors. European equity markets should open on a bearish bias on Monday. While the Omicron variant appears to be less virulent than the Delta, its heavy spread threatens to disrupt the economy due to the rules for the isolation of contaminated workers. Restrictive measures have multiplied in Europe recently and France could announce new ones on Monday. On the front of macroeconomic and microeconomic news, the day promises to be very calm. Note, however, that Orange Belgium has signed an agreement with Nethys for the acquisition of 75% less one share of VOO.
European equity markets closed close to breakeven on Friday in Paris. Volumes were very reduced in Paris knowing that London closed at 1:30 p.m., the Euronext stock markets at 2:05 p.m. and that the Frankfurt and Wall Street stock exchanges remained closed. After a tough session on Monday, equity indices rallied forward, supported by studies appearing to show Omicron to be more contagious than Delta but less likely to cause severe forms. They also took advantage of good US statistics. The CAC 40 lost 0.23% to 7,090.08 points. The Euro Stoxx 50 gained 1.16%.
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The values to follow today
Orange
After the period of exclusive negotiations which opened on November 22 and following the assent of the board of directors of Enodia, Orange Belgium and Nethys signed an agreement on Friday for the acquisition by Orange Belgium of 75% minus one share of VOO SA. The transaction is made on the basis of an enterprise value of 1.8 billion euros for 100% of the capital.
Europlasma
Following information published in the regional press, Europlasma, an expert in pollution control solutions, recalls that the group is constantly evaluating opportunities to accelerate its development and strengthen its expertise. These opportunities may involve discussions with targets or potential partners, which is particularly the case with Luxfer.
Genomic Vision
Genomic Vision announced on Friday the issue of the 5th and 6th tranche of bonds convertible into shares with share subscription warrants (OCABSA) for an amount of 2 million euros.
ST Dupont
ST Dupont lifted the veil on Friday on its results for the first half of 2021-2022 (closed at the end of September). The group published a net loss of 2.1 million euros (against -4.2 million a year earlier) and an operating loss of 1.6 million euros (against -3.5 million a year earlier ). For its part, turnover amounted to 15 million euros, up 23%.
Macroeconomic figures
Markets will be closed on UK.
Around 8:20 a.m., the euro is almost stable at 1.1317 dollars.
Thursday on Wall Street
Wall Street finished in positive territory. Investors are reassured by studies on Omicron showing that those infected were less likely to be hospitalized. Stronger US economic data also supported markets ahead of the Christmas holidays, and allowed major stock indexes to erase Monday’s steep decline and end the shortened holiday week green. The Dow Jones gained 0.55% to 35,950.56 points, the Nasdaq: 0.85% to 15,653.37 points and the S & P500: 0.62% to 4,725.79 points; new record.