Market: limited initiatives before results season

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(CercleFinance.com) – Little movement at work on the European stock markets: Paris, London and Frankfurt are gravitating around their equilibrium point (+/-0.1%) while the results season begins today today in the United States with a first publication from JPMorgan.

‘As EPS consensuses have been lowered by around 4% over the last quarter, companies have room to surprise positively,’ said Michael Brown, senior research strategist at Pepperstone, who anticipates a fifth consecutive quarter of growth. overall profits.

The publication of JPMorgan Chase will be followed by those of Wells Fargo and the asset management and investment giant BlackRock.

In the macroeconomic chapter, producer prices and the UMich consumer confidence index in the United States are due to be released this Friday.

In London, the barrel of Brent fell by 1.3%, to $78.3, while gold appreciated by 1.1%, to exceed $2,635 per ounce.

In European company news, Roche announces that the US FDA has approved its Itovebi (inavolisib), in combination with palbociclib (Ibrance) and fulvestrant, as a targeted treatment for hormone receptor-positive advanced breast cancer and HER2 negative with a PIK3CA mutation.

Enel announces that its subsidiary Enel Colombia has obtained a loan in Colombian pesos equivalent to 300 million dollars from the European Investment Bank (EIB).

Porsche announces that it delivered 226,026 vehicles worldwide between January and September 2024, a figure down 7% compared to the same period a year earlier.

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