(CercleFinance.com) – European stock markets are generally well oriented this morning, Paris gaining nearly 0.8% ahead of Frankfurt (+0.2%) and London (stable).
‘No matter what news breaks, operators remain confident in the future’, notes Christopher Dembik, at Pictet AM, warning however that ‘at a certain stage, it will take a breather, at least to allow profits to be taken’.
‘A future bad company publication or bad statistic can be the trigger. This will allow those who missed the bullish rally at the start of the year to enter, believes the professional.
‘Let us finally keep in mind that once the reduction in key rates begins, a priori next June, a large part of the capital which is placed in money market will go to the equity market in search of a higher return. high’, he continues.
On the macroeconomic data front, operators will learn, at midday, retail sales and industrial producer prices in the United States for the month of February.
In securities news, AstraZeneca announces that it has entered into a definitive agreement to acquire Amolyt Pharma, a clinical-stage biotechnology company focused on developing novel treatments for rare endocrine diseases.
bp announces the acquisition by bp pulse, its electric vehicle charging brand, of the full ownership of one of the largest truck stops in Europe, Ashford International Truckstop, located in Kent in the south-east of England .
Technip Energies announces the signing of a memorandum of understanding with SBM Offshore for the creation of a joint venture, EkWiL.
The new company will be a pure player in floating offshore wind (FOW), capable of offering a wide range of solutions to customers.
Swiss Life publishes for 2023 a net profit of 1.11 billion Swiss francs and an adjusted operating result of 1.5 billion, respectively growth of 8% and 1%, but with a commission result down by 13% to 664 million.
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