(CercleFinance.com) – The Paris Stock Exchange ends this last session of the week at a level close to equilibrium, at 7,934 points (+0.09%), limiting its movements despite the wide variations in certain securities, such as Edenred (+4.5%), STMicro (+3.7%) or even Saint-Gobain (-3.6%) and Teleperformance (-3.1%).
If the Parisian index shows a limited weekly decline of 0.5%, it has gained more than 5% since the start of the year.
This morning, investors took note of various statistics such as the HCOB PMI index for the euro zone manufacturing industry, produced by S&P Global, which stood at 46.5 in February, i.e. relatively stable compared to the ten-month high recorded in January (46.6).
In France, the HCOB PMI index for the manufacturing industry, produced by S&P Global, recovered from 43.1 in January to 47.1 in February, its highest level since March 2023, and therefore highlights evidence of a sharp slowdown in the contraction of the sector.
On the bond market, the attempt at a rebound on Thursday and at the start of the morning was cut short with OATs rising by +1 points towards 2.8830% and Bunds at a standstill at around 2.400% (compared to 2.4050 the day before) .
The T-Bonds, on the other hand, relaxed by -5Pts towards 4.202% and signed a good week with a gap of -4Pts… which comes down to today’s improvement (which takes the week from red to green).
This ‘late’ relaxation is to be linked – it is quite logical – to the poor manufacturing ISM as well as to the fall in the consumer confidence index of the University of Michigan.
Activity in the US manufacturing sector contracted for the 16th month in a row in February, according to the monthly survey released Friday by the Institute for Supply Management (ISM), with the index falling from 49.1 in January. to 47.8 in February.
Furthermore, American consumer confidence deteriorated sharply in February, according to the index calculated by the University of Michigan which ultimately came out at 76.9, whereas it was estimated at 79.6. preliminary and after 79 for the previous month.
The Dollar is relatively little impacted and loses 0.25%, the Euro thus rises towards $1.0835.
The easing of rates, on the other hand, boosts Gold, which soars by +2% towards $2,075 and emerges as the big winner of the week in a context of growing geopolitical tensions.
Note that Brent oil has crossed $84 per barrel (+0.5%).
In the news of French companies, at the end of the 2024 edition of the Heli-Expo show in Anaheim, California, Airbus Helicopters claims 155 commitments made, including 40 firm orders, from customers around the world for a variety of its multi-mission helicopters.
Maurel & Prom publishes for the past year a net income group share (RNPG) up 3% to 210 million dollars, despite an EBITDA down 19% to 359 million for a turnover almost stable (+1%) at 682 million.
Vallourec publishes EPS of 2.07 euros for 2023, compared to -1.60 euros the previous year, as well as EBITDA up 67% to nearly 1.2 billion euros, above the limit high of its previously communicated range.
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