(Boursier.com) — THE TREND
The CAC40 remained around 7,200 points on Friday, a level it has hardly left since the start of the week… The Paris Stock Exchange index thus ends slightly down by 0.12% at 7,213 points . A CAC40 which will evolve from June 19 without Vivendi, which will be replaced by the restaurant voucher and gift card specialist Edenred. On the other hand, the good news for Vivendi came from Brussels at market close this evening with the conditional green light announced for the takeover of the group. Lagardere.
Investors are above all cautiously keeping their sights on the publication of US inflation next Tuesday before the Federal Reserve’s monetary decision which will follow the next day… The consensus in favor of a status quo on US key rates has risen to almost 80% according to the CME tool FedWatch. But expectations are still leaning towards a final rate hike at the end of July… We will also be watching the decisions of the ECB on Thursday, which will meet its council with undoubtedly a new small turn of the monetary screw to try to overcome the crisis. ‘inflation. The euro is camped tonight while waiting at 1.0750/$. Oil returns to $76 per Brent.
RISING VALUES
Casino rises 8.8%. Following TERACT’s press release, recording the end of the discussions that had been initiated on March 9 with the Casino group, Xavier Niel, Matthieu Pigasse, Moez Alexandre Zouari, acting on their behalf, are working to bring about a solution. sustainable industrial and financial for the Casino group. “This solution would be accompanied by the implementation of a strong industrial and social project and a financial plan restoring the major balances of the Casino group, relying fully on its teams” comment the interested parties. It would include a strengthening of the Casino Group’s equity and, to the extent necessary, an adaptation of the existing debt to the Group’s capacities and the preservation of its growth potential.
score : +6%. The group announced this afternoon the death of Denis Kessler.
Lagardere (+5.5%) which therefore benefits from the green light from Brussels given to Vivendi for the takeover of the media group which owns Europe1, Paris Match, the JDD, RFM, Europe2, Hachette etc…
Pierre & Holidays : +4% with Téléperformance (+3.5%) followed by SdB de Mer
SoiTec : +3% with Plastic Omnium, X-Fab
ID Logistics (+2.5%) will enter the SBF 120 and the CAC Mid 60, at the expense ofOVH demoted to CAC Small.
Dassault Aviation : +2% with Interparfums, LFE, Plastic omnium
Fourth consecutive session in the green for the Societe Generale which increases by 2%. The news around the bank is marked by a note from Jefferies which revalued the file from 40 to 43 euros by reiterating its ‘buy’ opinion. The broker sees three important catalysts for the lender over the next few months. He first expects the share buyback plan to be launched in mid-June and to last 1 to 2 months. He then foresees positive surprises on the 2025 objectives during the September investor day, carried by Boursorama, the corporate and investment bank and ALD/LeasePlan. Finally, the broker deems it possible to solve the problems of insufficient capital without any impact on the distribution to shareholders.
Edenred (+0.6%) is benefiting modestly from its forthcoming entry into the CAC40. This decision of the Scientific Council of the Euronext Paris Indices will be effective from June 19 and is likely to lead to purchases by index funds.
Voltalia : +1.5% followed by Air France KLM, Innate, Accor and Airbus
FALLING VALUES
inventive : -7% with Abivax (-6%) and McPhy (-4%)
Nakon down 3% with BigBen, followed by Eurofins
Vivendi drops 2.5%, penalized by its exit from the CAC40. By a crossover game, Vivendi will integrate the CAC Next 20 index to replace Edenred. Adherence to major benchmarks has grown in importance in recent years given the development of trackers.
Dassault Systems fell 2.5% after the presentation of its medium/long-term objectives and the announcement of a new CEO for 2024. The software publisher expects non-IFRS EPS of between 2.20 euros and 2 .40 euros by 2028, twice as much as in 2022, when it was 1.13 euros. Like many software vendors, the group is moving from a license-centric model, where customers pay for software upfront, to a subscription model, where payments are made at regular intervals. Proponents of this model say it allows companies to have a more predictable revenue stream, making it easier to plan and manage costs. “Dassault Systèmes should thus increase its addressable markets from 100 billion euros today to 1,000 billion euros in 2040”, declared in a press release Pascal Daloz, deputy general manager of the group.
So local : -2% with Arkema, Ubisoft, AXA, Vallourec, CGG Danone
BNP Paribas : -1.5% with JC Decaux, Eramet, TechnipEnergies and Chargeurs