THE TREND
(Boursier.com) — The CAC40 timidly resumed 0.35% to 7,135 points late Monday morning after dropping nearly 4% last week.
The season for the publication of half-year results will already begin in the United States before being observed more from next week in France. On Thursday, Delta Air Lines and Pepsico will launch this new season, followed the next day by several major financial institutions: JP Morgan, BlackRock, Citigroup and Wells Fargo. “Consensus expects S&P-500 earnings per share to fall 9% year on year, due to steady sales growth and margin compression,” Goldman Sachs analysts said.
On the macro front, the week will be marked by the publication of the consumer price index for June (Wednesday; consensus: +0.3% over one month and +3.1% over one year against +4% in may). Investors are still largely betting on a 25 basis point rate hike by the Fed at the end of the month, which would bring the fed funds to a range of 5.25%-5.5%.
RISING VALUES
* Nanobiotix soared 55% to 7.22 euros. The biotech has announced the signing of a global licensing, co-development and commercialization agreement with Janssen Pharmaceutica NV (Janssen), an entity of the Janssen Pharmaceutical Companies of Johnson & Johnson group, for the product candidate NBTXR3, potential radioenhancer first-in-class. Nanobiotix will receive short-term financial and operational support worth up to $60 million. This sum includes an upfront payment of $30 million, as well as operational support for regulatory and development activities of the NANORAY-312 study of up to $30 million, which Janssen may provide at its sole discretion. .
* Airbus gained 0.4% to 131.6 euros. This Monday should be inaugurated in Blagnac the new final assembly line of the A320 family in the presence of several ministers. This new, highly digitized and automated assembly line is located in the former A380 assembly hall and will eventually employ nearly 700 people. Announced in 2022, it will deliver its first aircraft in 2024. Along with the other final assembly lines of the A320 family in Hamburg (Germany), Tianjin (China) and Mobile (United States), it will make it possible to respond to the strong demand for this type of device.
* TotalEnergies (+0.8% to 51.5 euros) strengthens its partnership with Sonatrach. On the occasion of the meeting on July 9 in Algiers between Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Toufik Hakkar, Chairman and CEO of Sonatrach, several agreements were signed to strengthen cooperation between the two companies in the production of natural gas in Algeria, in the delivery of liquefied natural gas (LNG) to Europe, as well as in the development of renewable energies in Algeria.
* SES Imagotag rises another 1.5% to 118 euros. As in the first attack on Gotham City Research on June 22, the management of SES Imagotag issued a press release following the second round of accusations against it which fell on Friday morning. “False and deliberately misleading accusations”, according to the company, which also speaks of “numerous and gross inaccuracies which have the sole purpose of manipulating and profiting from a possible decline in the share price.”
FALLING VALUES
* Casino (-4% to 3 euros) announced that 3F Holding, the investment vehicle of the trio Moez-Alexandre Zouari, Xavier Niel and Matthieu Pigasse, had extended to July 10, the period of validity of its offer filed on July 4 .
* Few significant falls on the CAC40. ArcelorMittal yields 0.7% to 23.9 euros. Oddo BHF adjusted the target from 37 to 35 euros (‘outperform’).