(CercleFinance.com) – The Paris Stock Exchange continues its consolidation movement started the day before and this evening yields 0.27%, to 7294 points. The index was notably penalized by the decline in the auto sector with -3.8% on Renault and -2.3% on Stellantis.
On the SBF 120, auto equipment companies are also down sharply with -4.7% for Valeo and -4.2% for Forvia.
On the statistics front, the economic agenda provided for the publication, at the start of the afternoon, of housing starts and building permits in the United States. The Commerce Department reported an unexpected surge of 21.7% in housing starts in May, to 1,631,000 at an annualized rate, a level well above economists’ expectations.
For their part, building permits for American housing – supposed to prefigure future housing starts – rose by 5.2% to 1,491,000 at an annualized rate last month, a level also above the market consensus.
These figures could confirm the recent signs of recovery observed in the US construction sector.
In any case, this does not support the dollar against the euro. The European currency is trading against $1.0915.
On the bond side, instability persists and after +5Pts the day before, it is -5Pts to -6Pts in yield which bring Treasury bills back to their Friday levels (2.922% on OATs, 2.404% on Bunds).
Note the virtual stagnation of Italian construction with -0.6pt to 4.030%.
In the news of French companies, Dassault Systèmes and Dassault Aviation announce the new stage of their long-term collaboration which ‘aims to provide major defense programs with the highest level of security, sovereignty and collaboration on the cloud’.
Stellantis announced on Tuesday the creation of a joint venture with Taiwanese Foxconn to design and market innovative semiconductors for the automotive industry.
Airbus announced that the Australian company Qantas has finalized an additional order for nine A220-300s, which brings its order book for this type of single-aisle aircraft to 29 aircraft.
In addition, Air India has also confirmed its order for 250 Airbus aircraft, i.e. 140 A320neo and 70 A321neo as well as 34 A350-1000s and six A350-900 wide-body aircraft.
In addition, Volaris, an ultra-low-cost Mexican airline, has also presented its order for 25 A321neos under a purchase agreement signed in October 2022.
Finally, TotalEnergies reports having signed an agreement with Saint-Gobain France for the sale of 100 GWh of biomethane over a period of three years from 2024, biomethane which will be produced on its BioBéarn site, which entered into service at the start of the year. .
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