CAC40: erases its losses from Friday, annual gain of + 28%


The CAC40 (+ 0.4%), long undecided this morning, recovered and erased the 0.3% lost on Friday and returned above 7.100 to rise to 7.110 / 7.118Pts (i.e. an annual gain of + 28% ).
The Euro-Stoxx50 posted an identical performance with 0.4% 4,272, in the wake of Amsterdam with + 0.6%.

In the absence of a major macroeconomic situation, stock market news for the next few days could once again be punctuated by the issue of the Covid-19 pandemic and its impact on global economic life, with millions of ‘cases’ (contact or ‘positive’ controls) which find themselves forced into isolation … and working is not always possible (manufacturing industry, hotels / restaurants, air transport, etc.).
Wall Street is expected to rise slightly (+ 0.3% on average) but this could be enough for the S & P500 to post a 69th annual record, with a possible close / intraday doubling (it will be necessary to validate a score of 4,744).

The bond markets do not seem to attract many investors in ‘search of security’ in the face of the progression of Omicron (possible questioning of growth) while the United Kingdom and Spain back down on the ‘braking measures ‘identical to those implemented in Denmark and the Netherlands (curfews, cancellation of collective events).
Our OATs deteriorate from + 2.5Pts towards 0.134%, the T-Bonds -after a 3-day bridge- should reopen without much change, towards 1.4900%.
Little movement on forex with a symbolic increase of 0.1% towards 1.1310 / E; an ounce of gold is unchanged $ 1,808 /. Oz.

In the news, Orange has announced an agreement for the acquisition, from Nethys, of 75% less one share of VOO, a transaction which will provide Orange Belgium with a very high speed network in Wallonia and part of Brussels. .

Groupe Gorg confirms that it has submitted a non-binding indicative offer for the takeover of the company iXblue, whose activities in maritime, defense, hydrography and drones complement those of its autonomous robotics subsidiary ECA Group.

EDF has announced the success of the syndication of a new 1.5 billion renewable credit facility with an initial maturity of three years, the cost of which will be indexed on four of the Group’s ESG performance indicators, and particularly in terms of its social responsibility.

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