(BFM Bourse) – After a hesitant session, the Parisian index closed up 0.3%. The Parisian market had to digest numerous company results including those of Dassault Systèmes which more than convinced when Worldline experienced a nightmare session.
World stock markets evolve in step with company publications. In Paris, the CAC 40 increased by 0.31%, to 6,915.07 points at the close after having hesitated for a long time between rise and fall throughout the day.
For the moment, the Parisian star index is keeping in shape, and has had a perfect start to the week with 3 out of 3 sessions in the green.
Of course, company publications have focused the attention of investors on both sides of the Atlantic. Dassault Systèmes closed higher on the flagship Parisian index after a quality quarterly publication when Worldline literally sank to historic lows after a mediocre summer performance.
But caution remains necessary before the meeting of central banks, including the European Central Bank which will deliver its monetary policy verdict on Thursday. Previously, its Canadian counterpart left its rates unchanged at 5% but did not rule out increasing them in the future, saying she was “concerned by the slow progress towards price stability and by the increase in inflationary risks.”
Worldline in agony, Dassault Systèmes laughs
The results season is in full swing and the market’s nervousness is clearly illustrated in the various market reactions that punctuate company publications. And first of all, the dizzying and historic plunge of Worldline (-59.2%). The payments group delivered a publication with the perfect cocktail to be punished by investors: growth well below expectations in the third quarter, annual objectives drastically revised downwards, 2024 outlook thrown in the trash, and savings plan announced .
Kering also disappointed, closing down 3.5% after publishing an even more pronounced drop in revenue than expected, with a drop in revenue of 9% like-for-like in the third quarter.
Clariane (the new name of Korian) plunged 20.3%. The retirement home specialist has been worrying the market for several months regarding its balance sheet. However, the group expects to display a debt leverage of 3.8 at the end of December, compared to 3.5 previously. Not very reassuring in a context of rising interest rates…
Fortunately, there are (still) good surprises, with Dassault Systèmes which grew by 8% after exceeding expectations in its third quarter and delivering exciting prospects.
On Wall Street, Microsoft gained 2.4% while Alphabet fell 9.3% around 6 p.m. The first delivered thunderous growth in its cloud services while the second disappointed expectations in this same activity.
On other markets, the euro is stable against the dollar at 1.0591 dollars. Oil contracts are up slightly. The December contract on North Sea Brent for delivery in December advances 0.5% to 88.56 dollars per barrel, while that on WTI listed in New York is up 0.1% to 83.85 dollars. the barrel.
Sabrina Sadgui – ©2023 BFM Bourse