(CercleFinance.com) – The Paris Stock Exchange ends the day’s session with a gain of 0.7%, at 6,550 points, in extremely reduced volumes (less than 1.5 billion euros traded since the opening), due to the absence of many investors during this period of truce for confectioners.
Nevertheless, the Parisian index is not insensitive to the new health easing measures in China, Beijing intending in particular to put an end to the quarantine measures imposed on entering its territory from January 8.
This measure, which suggests a gradual reopening of the Chinese economy, benefits in particular the values of luxury, traditionally very sensitive to the economic health of Beijing.
In this context, we find three luxury stocks among the four best growth in the CAC, namely LVMH (+2.4%), Hermès (+2%) and Kering (+1.4%).
The only statistic released today, the U.S. goods trade deficit narrowed sharply to $83.3 billion in November from $98.8 billion in October as imports fell further than exports.
This month-on-month improvement is in fact explained by a reduction in US imports of $20.8 billion, significantly larger than the $5.3 billion reduction in exports over the same period.
On the securities front in Paris, Ipsen said on Friday evening that it had received a full response letter from the FDA on its request for approval of palovarotene, an experimental treatment for fibrodysplasia ossificans progressiva.
Bic announced the finalization of its share buyback program with an ESG component, announced and started in January 2022, a program carried out by BNP Paribas Exane on the basis of the authorization granted by the general meeting of May 19, 2021.
Unibail-Rodamco-Westfield (URW) announces today that it has finalized the sale of The Village, a site of almost 56,000m2 located in the San Fernando Valley, in Los Angeles, to the Kroenke organization. The selling price of $325 million (at 100%, URW 55% share) reflects a return of 5.6% on net operating profit, and a discount of 10.6% compared to the last valuation.
TotalEnergies EP Gabon, a 58.3% subsidiary of TotalEnergies, indicates that it has signed an agreement with the Gabonese Republic relating to the rearrangement of certain provisions of the establishment agreement, the duration of which is extended until 2042.
The company has also concluded with Gabon – holder of a quarter of its capital – a new exploitation and production sharing contract (CEPP) on the Baudroie-Mérou Marine G5-143 permit for a period of 25 years until in 2047.
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