(CercleFinance.com) – The Paris Stock Exchange ended the session with a gain of 0.22%, at 7,812 points, driven by Carrefour (+4.9%), Alstom (+4.4%) and Pernod Ricard ( +1.5%).
The Parisian index thus sets a new closing record. A few minutes earlier, the CAC had also reached the record level of 7,822 points.
In addition to the Fed’s ‘minutes’ expected in the coming hours, many operators are now awaiting Nvidia’s results which will be published after Wall Street closes.
Analysts expect that the IT giant’s quarterly accounts will exceed market expectations (profit multiplied by 5) and that the group will immediately raise its annual targets (beyond $60 billion in turnover per year). because this amount is already in the course).
Any disappointment could be enough to trigger a correction, knowing that its stock price has posted a gain of 40% since the start of the year and more than 230% over the past 12 months (the stock is paid between 20 times and 25 times its turnover, retaining the most optimistic expectations).
Christopher Dembik, investment strategy advisor at Pictet Asset Management, recalls that over the last eight financial years, Nvidia has exceeded consensus expectations seven times. ‘This will certainly still be the case,’ he prophesies.
On the rates market, heaviness prevails again this Wednesday after six negative weeks, which translates into a yield on ten-year Treasuries which moves beyond 4.29% (+1.6 pt).
In Europe, the Bund of the same maturity deteriorated by +7 pts to 2.44%.
Note that the euro remains perfectly stable against the greenback, around $1.08/E. The single currency does not govern the lowering of growth forecasts by the German government from +0.4% to +0.2%.
In terms of oil, prices continue to evolve within narrow limits, shared between the current crisis in the Middle East on the one hand and the prospects of support from OPEC+ and an improvement in appetite for risk as the rate reduction cycle approaches in the United States on the other.
Brent gained 0.2%, towards $82.7/barrel, gold gained 0.4% towards $2,025 per ounce.
In French company news, Edenred fell by -11.5% after the opening of an investigation into its activities in Italy: the Rome public prosecutor’s office is reportedly investigating offenses of aggravated fraud, public market rigging and various administrative offenses.
Carrefour signs the strongest progression in the CAC40 after the publication of its results last night.
The distributor published a 2023 turnover of 94.13 billion (+10.4% on a comparable basis) for an adjusted net profit, group share of 1,304 ME (+7.6%), and an adjusted EPS of 1.83 euros ( +12%): Carrefour also announces an almost doubling of the dividend.
For its part, Airbus announced this morning that Taiwanese company Starlux Airlines has placed a firm order for five brand new A350F freighters and three additional A330neo wide-body aircraft at the Singapore Air Show.
Technip Energies announced on Wednesday that it had made a ‘strategic’ investment in a fund intended for the development of sustainable aviation fuels (SAF).
Thales announces a contract with Malaysia Airlines through which 20 Airbus A330neo aircraft in its fleet will be equipped with its Flight Management System (FMS), as well as Traffic Collision Avoidance Systems (T3CAS) from ACSS.
Finally, Airbus and TotalEnergies have signed a strategic partnership to respond to the challenges of decarbonization of the aviation sector using sustainable aviation fuels.
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