(BFM Bourse) – The CAC 40 ended up quite sharply, driven by the enthusiasm of American investors and while several company publications were well received by the market. Netflix is soaring on Wall Street after excellent subscriber recruitment.
The CAC 40 clearly came out of its torpor this Wednesday. The flagship index of the Paris Stock Exchange ended up 0.91% at 7,455.64 points.
The appetite for risk is fueled by good company publications which allow the S&P 500 to head towards new records, the American index gaining 0.6% shortly before the European close.
At the forefront of these good surprises is Netflix, which jumped 12% with a market capitalization of around $240 billion (that’s more than L’Oréal to put it in perspective). The streaming champion revealed record subscriber recruitments in the fourth quarter of 2023, of 13.1 million, a sign that the group is increasingly establishing itself as the winner of the streaming war.
The announcement of the reduction in reserve requirements required from banks by the People’s Bank of China, the country’s central bank, may also play a role. This measure, which should free up around 128.4 billion euros in liquidity, shows that Beijing is taking action to try to support its economy and its markets which are losing momentum.
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Air France-KLM supported by Easyjet
The market will be watching for the meeting of the European Central Bank and the speech of its president, Christine Lagarde, on Thursday.
In Europe, several values were at the party, sometimes bringing French groups in their wake.
Today’s headline is from ASML, which gained 9.7% in Amsterdam, bringing its market capitalization to 309 billion euros. The Dutch specialist in advanced semiconductor equipment systems delivered very robust order intake in the fourth quarter.
The German software package specialist SAP gained 7.7% on the Frankfurt Stock Exchange after announcing revenues above expectations for its fourth quarter as well as a restructuring plan of 2 billion euros which will affect 8,000 jobs , in order to adapt to the growth of artificial intelligence. In its wake, Dassault Systèmes gained 1.1% in Paris.
Air France-KLM advanced 4.3%, benefiting from the good prospects of the British Easyjet.
Going against the good trend, Alstom lost 5.5%, the market being cautious about the lack of announcement regarding the progress of its debt reduction plan, while the railway equipment manufacturer delivered its order intake and its figures. business for the third quarter of its 2023-2024 fiscal year.
On other markets, the euro gained 0.5% against the dollar to 1.0905 dollars. Oil is growing. The contract for March on Brent from the North Sea gained 0.8% to 80.19 dollars per barrel, while that of the same maturity on WTI listed in New York gained 1.1% to 75.16 dollars per barrel.
Julien Marion – ©2024 BFM Bourse