CAC40: transparent NFP, the records continue to rain


(CercleFinance.com) – The Paris Stock Exchange (+0.3%) will almost certainly achieve a double absolute record/intraday record (it’s done and well done at 8,048 Points).

It remains to be determined whether or not the closing will be beyond 8,040 points, which would allow a 19th week of increase to be aligned with a pleasant score of +1.5%.
‘From a technical point of view, if the craze continues, the current rise in the CAC 40 could continue towards 8250 before being subject to a breather’, estimates Jérémy Delsol, head of macroeconomic analysis. , markets and bitcoin”>cryptocurrencies at Admirals.

Record also shattered for the Euro-Stoxx50 (+0.2% to 4,985) and which is irresistibly tending towards 5,000 (+1.7% weekly).

These scores are very comparable to those posted at the end of the morning, which means that the much-awaited publication of the ‘NFP’ was a non-event, just like the ‘FED Beige Book’ on Wednesday, Powell’s speech and The ECB meeting this Thursday: everything was in line with market expectations.

Little movement on Wall Street where the US indices reinforce their records from the day before: the Standard & Poor’s 500 sets a new record at 5,185 points, the Nasdaq Composite shatters a new record above 16,380, the Nasdaq-100 soars +0.75% towards 18,400, in the wake of Nvidia with +3.5% to $959, or $2,400 billion in capitalization (40 times its 2023 turnover and 30 times that of 2024).

An hour before the opening, the NFP appeared higher than expected with an unexpected acceleration in job creation to 275,000: the American Department of Labor, on the other hand, sharply revised downwards the January estimate, to 229,000 against 353,000 initially .
The unemployment rate rose to 3.9% in February compared to 3.7% the previous month, while the increase in average hourly wages slowed to 0.1% over one month and 4.3% over one year. which is reassuring.

US T-Bonds remain almost unchanged at around 4.09%, Bunds and OATs erase -4 Points respectively to 2.255% and 2.700% respectively.

In the news of French companies, Stef publishes for the year 2023 a net profit share of the group (RNPG) of 191.6 million euros, compared to 146.4 million the previous year, as well as current operating income up 6.1% to 247.3 million.

Rubis publishes a record net profit group share (RNPG) of 354 million euros for the past year, up 35% despite negative exchange rate effects, as well as a record gross operating profit, up by 19% to 798 million.

Savencia Fromage & Dairy publishes a net profit group share (RNPG) of 96.5 million euros for 2023, compared to 68 million the previous year, despite a current operating profit down 9.1% to 212, 9 million.

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