(BFM Bourse) – The CAC 40 ends this week without flavor. Investors have not taken any initiatives before the major events of next week.
The Paris Stock Exchange had no heart to take risks, its eyes were riveted on the meetings of the major central banks on the program for next week.
The CAC 40 closed this session up 0.46% to 6,677.64 points, despite a stronger than expected rise in producer prices in November in the United States. On the other side of the Atlantic, the statistics have somewhat damaged the morale of investors. At the close of European stock markets, the Dow Jones was stable, while the Nasdaq (+0.3%) and the S&P 500 index (+0.2%) were up slightly after their rebound on Thursday.
The assessment of this week dominated by the lack of appetite of investors for risk is negative. The CAC 40 lost 0.96% weekly, breaking a series of nine weeks of increases.
“Markets are likely to remain hesitant ahead of the latest economic highlights in the middle of next week: the European Central Bank (ECB) and Federal Reserve (Fed) meetings and the US inflation release,” emphasizes Xavier Chapard of La Banque Postale Asset Management.
Ipsen and Worldline at the back of the pack
As for values, Ipsen lost 4.2% after announcing inconclusive results for a clinical trial evaluating cabometyx in lung cancer.
The Worldline payments specialist ended down 3.7%, penalized by a lowering of the recommendation from JP Morgan from “overweight” to “neutral”.
Thales for its part returned 2.2% as the sale of its GTS rail signaling branch is falling behind schedule.
TotalEnergies fell by nearly 1%. The oil group spent its accounts with steel wool by deciding to fully depreciate its 19.4% stake in the Russian group Novatek, which translates into a charge of 3.7 billion euros in the fourth quarter.
SES-Imagotag closed slightly lower despite its upcoming entry on the SBF 120, the scientific council of Euronext having decided to include it in the index instead of Quadient.
On the small and mid-cap side, Dontnod jumped more than 11%, after the announcement of its future video game in partnership with Focus Home.
On the other markets, the euro is almost stable against the dollar, at 1.0551 dollar. Oil prices are accelerating upwards, taking advantage of supply disruptions after the blocking of tankers in the Black Sea and the shutdown of an American pipeline. The North Sea Brent contract for February delivery gains 1.2% to $77.06 a barrel while New York-listed WTI for January delivery gains 1.25% to $72.35 a barrel .
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