(Boursier.com) — THE TREND
6th consecutive session of decline this Wednesday! Still up at midday, the CAC40 finally faltered in the afternoon to lose another 0.25% to 5,818 points at the close. Concern from London remains strong: The BoE has given investment funds three days to solve their problems! Pension funds are thus forced to constitute large amounts of emergency guarantees, after the sharp fall in the price of British sovereign bonds.
On Wednesday, the Financial Times reported that the Bank of England had informed banks that it was prepared to extend its emergency bond buying program beyond Friday if market conditions warrant. ..
Price data will be crucial tomorrow in the US in this context, as markets fear that high inflation will force the Fed to continue with its monetary tightening policy. According to the FactSet consensus, the consumer price index for September in the USA is expected to rise by 0.2% compared to the previous month and by 8.1% year-on-year (+8.3% in August). Excluding food and energy, this same American “CPI” is expected to grow by 0.4% compared to the previous month and by 6.5% over one year… Weekly jobless claims and the weekly report on oil stocks US domestics will also be released on Thursday.
The euro slides to 0.97/$ on the currencies. Oil falls back to $92 per Brent.
RISING VALUES
LFE : +5% followed by SMCP
Ekinops gained 4.8% after the further upward revision of its annual growth guidance. Backed by 36% growth in the third quarter (+29% organically), the Breton company has now announced that it is aiming for organic growth of more than +20%, against +15% recorded at the end of July, and +12% initially targeted . The 2022 gross margin is still expected between 52% and 56% and the EBITDA margin between 14% and 18%.
Haulotte : +3.5% with Genomic, Gorgé Group
SergeFerrari : +2.7% with STEF, Dried
Virbac : +2% with Nicox
LVMH (+1.8%) launched the quarterly season last night in Paris. And as so often, the world leader in luxury has exceeded market expectations despite the current gloomy environment. Benefiting in particular from the strong appetite of American visitors to Europe for its high-end products, LVMH reported third-quarter sales of 19.76 billion euros, up 27% and 19% as published. organically, against a consensus of 14.4%. Sales at the flagship fashion and leather goods division soared 22%, against a 16% rise expected by analysts. Dior rose by 2%, while still in the luxury sector, Hermes (+1.8%) also benefits…
JCDecaux : +1.5% with Lagardère, Arkema
SQLI : +1% with Bolloré, TF1, Savencia
Transgene : +0.5% followed by ADP, Pernod Ricard, Valneva, Alstom, Colas, Verallia, Interparfums, Schneider, Sodexo
FALLING VALUES
Vicat fell by more than 9% the day after its 2022 results warning. At the bottom of the list, the title plunged by more than 10% to 20.6 euros, its largest drop since March 2020. electricity costs in Europe and the gradual ramp-up of the new furnace at the Ragland plant in Alabama, the cement manufacturer now anticipates a decline in Ebitda over the year, at a level at least equal to that generated in 2020. Management had so far been counting on an increase in this indicator. Despite new price increases to counter this inflation, in order to take this new environment into account, and in accordance with its debt reduction objectives, Vicat plans to reduce its industrial investments from 2023, a trend which will accelerate in 2024…
Erytech : -8% with Navya
Balyo : -6% followed by Icade (-5%) and McPhy with LNA Santé
Vantiva : -5% followed by Nexity, Casino, Covivio, Claranova and S30
CGG : -4% followed by Antin, Innate, Eurazeo, Technip Energies, Inventiva
Valeo give up 3%. Moody’s maintains Valeo’s long-term issuer rating of ‘Baa3’ but lowers the associated outlook from ‘stable’ to ‘negative’. The agency explains that its choice reflects the increased risk that Valeo will not be able to achieve credit ratios corresponding to its Baa3 rating by 2023, given the dilutive effects linked to the full consolidation of its joint venture. previous Valeo eSiemens and an increasingly difficult outlook for the automotive industry for 2023, as well as continuing challenges related to raw material and energy cost inflation which have not yet been fully passed on to the equipment manufacturers.
Orpea : -3% with Korian, Vallourec, Aramis
country house : -2.5% follow-up, Vilmorin, Eiffage
BNP Paribas (-1%) has reached an agreement to acquire Kantox, a fintech leader in automated currency risk management. “Kantox’s technology centralizes the management of all corporate foreign exchange transactions with a simple, API-based solution that has proven to be a unique solution in international B2B payments. The technology developed by Kantox ensures an unparalleled level of automation and sophistication at the service of companies’ foreign exchange hedging strategies”, details BNP. BNP Paribas intends to accelerate the development of Kantox and support the deployment of its offer to a wide range of corporate clients on a global scale.