(CercleFinance.com) – What better way to start a new calendar month than to set new absolute records (DAX40, Euro-Stoxx50, S&P500, Nasdaq Comp., Nasdaq-100, Nikkei, etc.)?
March is off to an even better start as the week will end with an upward 5/5 for the E-Stoxx50 (+0.1%, but it crossed 4,900 this morning), and a gain of +0 .3% for the Nasdaq… the US indices posting an 18th week of increases (all-time record).
The Paris Stock Exchange evolves in the opposite direction to Wall Street and crumbles by 0.15/0.20% towards 7915 points, or -50 Points compared to the opening: this changes everything since the CAC40 will be one of the only indices to end with a negative weekly score (-0.6%) while the Nikkei soars by +2.1% weekly, and is close to 40,000 Points.
This morning, investors took note of various statistics such as the HCOB PMI index for the Eurozone manufacturing industry, produced by S&P Global, which stood at 46.5 in February, 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 rebound attempt on Thursday and at the start of the morning came to an end with OATs rising by +3 points towards 2.9030% and Bunds showing +1.5 points towards 2.4200%.
T-Bonds, however, relaxed by -3Pts towards 4.22% and had a good week with a gap of -5Pts.
It remains to digest the poor manufacturing ISM as well as the fall in the consumer confidence index from 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).
The ISM manufacturing index fell to 47.8 last month, compared to 49.1 in January (and 49.5 expected).
The new orders sub-index fell by 3.3 points to fall below the critical threshold of 50 points, to 49.2 against 52.5 the previous month.
The component measuring production also fell into the contraction zone, at 48.4 in February after 50.4, while that of paid prices remains high, at 52.5 against 52.9 in January.
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 had stood at 79.6 in preliminary estimates and afterwards. 79 for the previous month.
The Dollar is slightly impacted and loses 0.2%, the Euro thus rises towards 1.0835.
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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