THE TREND
(Boursier.com) — After three previous sessions below 7,000 points, the CAC40 regained 0.4% this Friday noon to around 7,030 points but the trend remains uncertain and nervous as we saw yesterday with the impressive fall in the share price. ‘Alstom after a disappointment with its operating cash flow level.
The justice of the peace of the session is located at 2:30 p.m. with the American unemployment figures for the month of September which will close a series of indicators published this week which have highlighted the persistent tensions in the American labor market. In the event of a surprise, a violent market reaction is to be expected because this could influence the Federal Reserve’s next interest rate decision.
RISING VALUES
* Among the biggest increases in the CAC40, Axa climbs by almost 2% to 27.8 euros. Sectoral news is marked by the sharp increase inAviva in the wake of information from the “Times” which evokes “conversations which do not want to fall again”, regarding the expressions of interest in the British insurer… The Aviva group announced last month that it had bought the AIG’s life insurance business in the UK for £460 million, the largest acquisition to date by its chief executive, Amanda Blanc. The current share price values Aviva at around 11 billion pounds (12.72 billion euros). Speculation around the issue is boosting other stocks in the sector in Europe, starting with the leader Axa.
* Renault (+0.7%) and the Volvo group are joining forces to meet the growing need for low-carbon and efficient logistics, by creating a company dedicated to the development of an entirely new generation of electric vans. Both groups are delighted that CMA CGM is joining the new company. Renault Group and the Volvo Group will continue to seek other investors and partners.
* LDC gains 4.4% to 119 euros. The group announced its turnover for the first half of the 2023-2024 financial year. Over the period from March 2023 to the end of August 2023, the group’s sales amounted to €3,022.3 million, compared to €2,735.5 million in the first half of 2022-2023, up 10.5% and +8.2% in the first half of 2022-2023. identical scope and constant exchange rate. Over the entire half-year, the volumes sold fell by 1.9%, despite a more favorable trend observed in the 2nd quarter with the gradual return of production after the episodes of avian influenza…
FALLING VALUES
* Sanofi yields 0.2% 102.7 euros. Mirati Therapeutics soared by 45% last night on Wall Street to more than $62, for a market capitalization of approximately $4.4 billion, on the rumor of interest from the French Sanofi in the San Diego laboratory.
* Alstom loses another 3% to 13 euros with a market capitalization which falls to 5 billion euros, the lowest in the CAC40 index now after a fall of 38% yesterday following the warning on its level of cash flow. HSBC remains a buy on Alstom, but has significantly reduced its price target, from 35 to 23 euros.
* Rémy Cointreau lost 1.6% to 112.7 euros. Deutsche Bank is retaining the spirits group, but with a target reduced from 154 to 125 euros.