(Boursier.com) — THE TREND
After a weekend under pressure, the markets recovered a little on Monday, when trading was calm due to the closure of Wall Street for Martin Luther King Day in the United States. The CAC40 recovered 0.82% to 7,201 pts.
China’s economy grew faster than expected in the fourth quarter of 2021 as the People’s Bank of China cut interest rates to cushion a slowdown in the world’s second-largest economy. GDP thus rose by 4% on an annual basis over the October-December period, against an increase of 4.9% in the previous quarter, according to data published on Monday by the National Bureau of Statistics. The Chinese economy thus grew by 8.1% in 2021, a performance well above the government’s objective of “more than 6%”.
ECO AND CURRENCIES
Crude prices followed 4 weeks of consecutive increases, the world supply of crude being restrained by problems in many producing countries and demand continuing to progress despite the wave of Omicron. Prices were also supported by fears of Russia invading Ukraine. At more than 86 dollars this evening, the barrel of Brent is at its highest since October 2014.
The euro is back at 1.14/$ between banks.
RISING VALUES
CGG rises 8% in the wake of barrel, followed by Vallourec (+6%).
Atos rebounds 6% with Bastide, SergeFerrari
Metabolic Explorer : +5% with Lysogen, Haulotte
IPSOS : +4.5% with Claranova, Savencia
Eramet : +3.5% with BigBen, Hermes, Virbac and Imerys
Remy Cointreau (+2.9%). The spirits group benefits from a rating from Bryan Garnier which has gone from ‘sell’ to ‘neutral’ on value with a target raised from 176 to 197 euros. The stock has been under pressure recently (-13% since January 1), partly due to sector rotation, but not company-specific. While the firm will unveil its quarterly results on January 25, Remy Cointreau’s premiumization strategy should bear fruit in the coming months, according to the broker.
Capgemini : +2.5% with Quadient, Balyo, Faurecia
Somfy : +2% with Infotel, Essilor and Beneteau
Thales continues to move forward… The title of the specialist in electronic equipment and systems for the aerospace, transport, defense and security sectors is up 1.5%. While the group will unveil its annual results on March 3, Citi has raised its earnings estimates and its target price from 104 to 108 euros. The bank (‘buy’) believes that Thales should continue to benefit from its status as a “defensive safe haven” as it expects the group to achieve strong cash flows in 2021 and 2022. It specifies that about two-thirds of this year’s profits will come from defense and security and only 15% from aerospace.
Renault (+1.5%) reported a third consecutive year of declining global volume sales in 2021, due to chip shortages and its difficulties in China and South Korea. The group marketed 2,696,401 cars and vans last year, down 4.5%, according to a press release.
FALLING VALUES
OSE Immuno fell by nearly 5% on Monday, when the group announced the departure of Alexis Peyroles as Managing Director of the Company. Dominique Costantini, currently Chairman of the Board of Directors of OSE Immunotherapeutics and Chief Executive Officer from 2012 to 2018, has been appointed Interim Chief Executive Officer, effective immediately. The search for a new Managing Director has started with the help of a leading international recruitment firm. Alexis Peyroles resigned for health reasons, he will remain involved in the advances of OSE Immunotherapeutics.
EDF fails to lift his head. Still down 4%, the title of the electrician remains heckled after the double blow of bamboo on Friday. Analysts are logically many to review their copy on the file after these announcements. Especially since the specter of a major call to the market now hovers clearly over the group, which is 83% owned by the State. The latest is HSBC which downgraded the value to ‘keep’ while reducing its target from 15.1 to 10 euros.
SMCP : -4% with Cibox (-3%) and Manitou (-2.5%) with the FDJ
Dried : -2% with Ubisoft, LNA
Saint Gobain is the only significant drop among the values of the CAC40 on a decline of 1.5%.
Navya : -1.5% with Neurones, STEF, Carmila, FNAC Darty, TechnipFMC and Elior