(CercleFinance.com) – Red prevails in European markets (-0.1% in London, -1.2% in Frankfurt, -0.7% in Paris), in a context marked in particular by uncertainties politicians in France as the early legislative elections approach.
‘Investors seem to think that the RN and NFP programs are too outrageous to be really applied and that neither of the two main blocs will have an absolute majority of seats,’ notes Christopher Dembik.
“On the other hand, it remains to be seen what the long-term effect on the economy and markets of a persistent blockage could be,” continues the Pictet Asset Management strategist in his morning update.
The only major data released this morning in Europe, Spain’s GDP increased by 0.8% sequentially in the first quarter of 2024 compared to the previous one, a rate up 0.1 point compared to that of the previous quarter. .
On the stock side, Novo Nordisk gained almost 2% on the OMX while the Danish pharmaceutical laboratory announced its intention to invest $4.1 billion to build a second factory in Clayton, North Carolina.
Airbus drops by 10% in Paris, sanctioned for a profit warning launched by the aircraft manufacturer, during a ‘point to report on new developments linked to its space and commercial aircraft activities’.
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