(CercleFinance.com) – After rising nearly 2% at the end of the morning, the Paris stock exchange ended the session with a more modest gain of +0.75%, at 5,694 points, still ahead of the E-Stoxx50 (+0.6%), London (+0.4%) and Frankfurt (+0.2%).
After a fanfare start, the European stock markets fell into line over the course of the day, failing to take advantage of the dynamism of Wall Street after its long weekend: the Nasdaq thus won +3.2%, ahead of the S&P500 ( +2.5%) and the Dow Jones (+1.8%).
Europe is still facing strong tension on the interest rate market: T-Bonds are up 6pts at 3.302%, our OATs are trending towards 2.34% (+2pts), Bunds also at 1.7730%.
The ‘figure’ of the day did not slow down Wall Street’s bullish rally: resales of old homes continued to fall in May (-3.4% to 5.41 million units at an annualized rate), aligning a fourth consecutive month of decline which confirms that the US economy is currently losing momentum.
The barometer of the NAR (‘National Association of Realtors’), the American federation of real estate agents fell back to 67, down 8.6% over 1 year.
The average transaction price continued to rise, however, to stand at $407,600 (+14.8% year-on-year), for the first time standing above the $400,000 threshold, this increase prices resulting mainly from the soaring cost of construction/renovation materials.
As for values, Valneva continues its rally with +18% (agreement with Pfizer on the treatment of Lyme disease).
easyJet has announced that it has placed an order with Airbus estimated at some 6.5 billion dollars (approximately 6.2 billion euros) for the acquisition of 56 A320neo aircraft. In a press release, the company specifies that this agreement is part of the exercise of options and purchase rights which had been determined during a previous contract concluded in 2013.
Air Liquide has signed with Vattenfall in the Netherlands its largest long-term renewable energy purchase agreement (PPA) in the world to date. This contract concerns an offshore wind capacity under construction of approximately 115 MW. The duration of this contract is 15 years and it is scheduled to start in 2025. The renewable energy supplied by Vattenfall will be generated by the Hollandse Kust Zuid (HKZ) offshore wind farm.
Eramet (+7.4%) announces the signature of the contract for the sale of Aubert & Duval with the consortium Airbus, Safran and Tikehau ACE Capital. The transaction should be finalized by the end of the year. Aubert & Duval is one of the world leaders in high-performance steels, superalloys, titanium and aluminum, and a strategic supplier for the aerospace industry.
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