(CercleFinance.com) – The Paris Stock Exchange ended this fairly calm session with a decline of 0.34%, to 7,388 points, penalized by Edenred (-3.5%), Engie (-2.1%) and Safran (-1.8%). Volumes remain limited with 2.7 billion euros exchanged since opening.
‘It seems that the markets are resilient and that nothing is capable of causing them to fall permanently,’ said Christopher Dembik, investment strategy advisor at Pictet AM this morning.
‘At most we should expect profit taking at the end of the week if the ECB meeting disappoints, which is highly likely,’ he adds.
‘All this confirms that stocks are essential, regardless of the state of the cycle and the risks present, if we are looking for return,’ concludes the analyst.
In the bond compartment, the yield on the German ten-year rose by +5.3 points to 2.34%, while that of American Treasuries of the same maturity deteriorated by +4.9 points towards 4.15%.
On the foreign exchange market, the euro lost 0.4% against the greenback, around $1.083/euro.
On the energy market, Brent gained 0.4%, around $80.2 per barrel.
In French company news, Sanofi announces that it has entered into a definitive agreement to acquire Inhibrx, a company specializing in the development of a broad portfolio of new biological drug candidates, following spin-off of the company and separation of its non-INBRX assets -101.
TotalEnergies announces that it has signed a new agreement with European Energy relating to the development of offshore wind projects in Denmark, Finland and Sweden.
TotalEnergies also indicates that it has signed an agreement to acquire the entire capital of Kyon Energy, one of the main developers of battery storage systems in Germany, from its three founders.
EDF announces that it has taken part in €4.5 million in financing in Spotr, a Dutch start-up specializing in automated building inspection and powered by artificial intelligence.
Finally, Atos indicates that its Eviden business line has won a contract with the Jülich research center, in Germany, for the construction of the modular data center which will house the EuroHPC JUPITER supercomputer, the first exascale system in Europe.
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