(CercleFinance.com) – The CAC40 showed a cautious trend this morning for this ‘4 witches’ session, the day after a day which saw the Parisian index generally resist several dull statistics published in the United States. The index only progressed by 0.3% to 8190 Points.
‘The American data this afternoon were relatively mixed,’ noted Thursday evening Michael Brown at Pepperstone, pointing to a fairly solid rebound in retail sales, but also an annualized increase in producer prices which was the strongest since September.
‘It is very unlikely that the data will move the cursor in terms of the FOMC’s outlook, with the first cut of 25 basis points still likely to occur in June,’ this market analyst judged.
This third Friday in March will be marked by the ‘4 witches’, that is to say the quarterly expiration of four types of derivative products, as well as by a new burst of statistics in the United States, including prices at import and industrial production.
Parisian operators have taken note of the consumer price index in France for the month of February, announced as a provisional estimate at +2.9% on an annual basis after +3.1% in January. Over one year, consumer prices in France increased by 3% in February 2024, according to INSEE, which is therefore revising its provisional estimate.
In stock news, Bolloré published Thursday evening a net profit share of the group of 268 million euros for 2023, after 3.4 billion the previous year, for a turnover stable at nearly 13.7 billion (-5% organically).
Following the announcement made in November, Spie announces the completion of the acquisition of ROBUR Industry Service Group GmbH, with the necessary regulatory approvals having been received and the conditions precedent having been fully lifted.
Elis announces that it has placed, as part of its EMTN (Euro Medium Term Notes) program, a principal amount of 400 million euros in senior unsecured bonds, with a maturity of six years and offering a fixed annual coupon of 3.75%.
Euroapi has suspended its 2024 outlook, due to the suspension of API production at its Italian site in Brindisi due to quality control failures, a situation which is expected to impact the group’s operational and financial performance.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
