(BFM Bourse) – The Parisian index fell this Tuesday despite the sharp rise in Thales shares after a more than satisfactory publication. The CAC 40 lost 0.3% to move a little further away from 8,000 points.
If gold and bitcoin both recorded new historic highs this Tuesday, investors will have to wait before seeing the CAC 40 reach the psychological threshold of 8,000 points.
The Parisian index hesitated for a long time before taking the path of decline in the last two hours before the close. The CAC 40 closed down 0.3% at 7,932.82 points this Tuesday evening.
Operators will keep an eye on American politics as “Super Tuesday” takes place this Tuesday, a day when a significant number of primaries take place, with 15 states organizing them. “On the Republican side, (…) the only two major candidates are Donald Trump and Nikki Haley. But Donald Trump has already gained a considerable lead in terms of delegates in the early states, and he now leads Nikki Haley by 273 delegates, compared to 43 “, notes Jim Reid of Deutsche Bank.
The market is also taking its breath before a second part of the week loaded with major meetings, with the ECB Governing Council on Thursday and official report on American private employment on Friday. The Chairman of the American Federal Reserve (Fed), Jerome Powell, will also be heard by both houses of Congress this week.
Thales on a stock market cloud
Without any dispute, Thales was the stock in sight this Tuesday. The defense and technology group finished at the top of the CAC 40 thanks to a strong increase of 9%. The company generated cash flow well above expectations and slightly better operating profitability than expected. Thales took with it Dassault Aviation (+3.2%), which owns 26% of its capital.
Euroapi seems to have taken out a subscription to the stock market urchins. The specialist in active pharmaceutical ingredients dropped 8.8% after Deutsche Bank lowered its sell recommendation on the stock.
The German bank judges that the group could still disappoint on its margins, while the company had already impressed the market last week (the stock lost 43% on Thursday) with its outlook completely contrary to expectations.
Still on the SBF 120, Clariane returned 8.5%, followed by Atos (-7.4%).
On other markets, the euro is stable against the dollar at 1.0862 dollars. Oil moves in scattered order. The North Sea Brent contract fell 0.1% to $82.73 per barrel, while WTI listed in New York rose 0.2% to $78.88. An ounce of gold advanced 0.5% to $2,125.31 per ounce, after reaching an absolute high of $2,141.79 according to Bloomberg.
Sabrina Sadgui – ©2024 BFM Bourse