THE TREND
(Boursier.com) – The CAC 40 rose above 6,300 points thanks to a gain of 1% this afternoon to 6,335 points. The People’s Bank of China’s announcement of a 15 basis point cut in one of its main policy rates last night, a further stimulus to the world’s second-largest economy, was generally welcomed by markets .
This is the biggest rate cut in China since the central bank’s interest rate system overhaul in 2019, proof that the Chinese authorities intend to tackle the subject of support for growth head on. .
The news takes precedence over concerns about global inflation, tighter monetary policies in both the US and Europe and the risk of recession in the US that have dominated market sentiment in recent days…
The euro/dollar parity reached $1.0585 this afternoon. A barrel of Brent is trading at $112.
RISING VALUES
claranova : up 9%, followed by Vallourec which takes up 8% and Valneva which takes another 6%.
Valeo regains 5% in the automotive sector with Faurecia, Renault, Plastic Omnium and Stellantis (+4%)
BioMerieux : +4% with Atos, Veolia
Air France-KLM : +3%. Following the announcement, during the presentation of the 2021 annual results, of the second stage of measures to strengthen its equity, Air France-KLM announced today that it has entered into exclusive discussions with Apollo Global Management regarding the injection of 500 million euros of capital into an operating subsidiary of Air France, owner of a fleet of Air France spare engines dedicated to its engineering and maintenance activity. The proceeds of the transaction would enable Air France-KLM and Air France to partially repay the perpetual obligations of the French State, in accordance with the European Commission’s “Temporary Framework for State Aid Measures” aimed at supporting the economy in the current context of the Covid-19 epidemic”, and would also facilitate the financing of the future acquisition of spare engines necessary for the ongoing renewal of the Air France aircraft fleet.
The structure will not result in any operational and social changes. Therefore, there will be no change in the way spare engines are used, nor any impact on Air France or Air France-KLM employee contracts.
This capital would be recognized as equity under IFRS, which would strengthen the balance sheet of Air France-KLM and Air France.
Derichebourg up 3% with Tikehau, Gensight, Mersen, Michelin
EDF (+2.5%) announced that it had finalized the revision of the timetable and the cost of the construction of the two nuclear reactors at Hinkley Point C, in Great Britain. In a press release, the group indicated that the start of the electricity production of unit 1 was now planned for June 2027, while the risk of postponing the delivery of the two units is estimated at 15 months assuming the absence of a new pandemic wave and the additional effect of the war in Ukraine.
Spie : +2% with TechnipEnergies, Engie, Nexans, AXA, SG, Vicat, Euronext, Manitou, FDJ
Orange (+1%): the General Meeting held on Thursday under the chairmanship of Stéphane Richard, voted in favor of the appointment as independent directors of Jacques Aschenbroich and Valérie Beaulieu-James for a period of four years. The Orange Board of Directors, which met afterwards, elected Jacques Aschenbroich Non-Executive Chairman of the Group’s Board of Directors. He confirmed Christel Heydemann as Chief Executive Officer and Ramon Fernandez as Deputy Chief Executive Officer.
FALLING VALUES
rally (-4%) biggest drop on SRD with Nanobiotix, Showroomprivé.
Hermes : -2.5% with Carrefour
Altamir : -1.5% with LVMH, MdM, Coface, Neurones and Dior