THE TREND
(Boursier.com) — The CAC40 is hesitant this morning: an opening almost identical to yesterday’s closing, at 6,731.34 points for yesterday’s closing level of 6,731.37 points… It is still almost stable at 9:30 a.m., having fallen slightly during the first 30 minutes of trading. The Parisian index, however, remains above 6,700 points.
Caution returns, while the price of a barrel of oil has rebounded strongly. Regarding the war in Ukraine, Western countries, citing war crimes by Russian forces, are preparing to adopt further sanctions against Moscow, which could cause a further spike in commodity prices and consequently increase pressure on central banks to act against inflation. Investors are attentive to announcements that could intervene on the subject…
As for government bonds, the yields on US Treasury bonds vary little, but the segment of the two- to ten-year yield curve remains inverted, which is considered a reliable indicator of the risks of recession.
WALL STREET
The New York Stock Exchange started the week up, with tech and internet stocks surging on Monday in the wake of Twitter (+27%) and You’re here (+5.6%). The blue bird social network took off after Elon Musk revealed that he had acquired around 9% of its capital. WTI oil prices regained 4% as the EU considers new sanctions against Russia. The yield curve remains inverted on the US 2- and 10-year bond segment, still signaling fears of recession in the United States.
At the close, the Dow Jones rose 0.30% to 34,921 points, while the broad index S&P500 advanced by 0.81% to 4,582 pts, and that the Nasdaq Composite, rich in technology and biotech stocks, climbed 1.9% to 14,532 pts. Last week, the Dow Jones fell 0.1%, the S&P 500 remained nearly flat and the Nasdaq gained 0.7% after a week marked by bond tensions and an oil correction. , against the background of the Russian-Ukrainian conflict.
ECO AND CURRENCIES
France :
– Industrial production in France. (08:45)
– Markit final French PMI index for services. (09:50)
United States :
– March Auto Sales (BEA).)
– Trade balance. (2:30 p.m.)
– US final composite PMI. (3:45 p.m.)
– US final PMI services index. (3:45 p.m.)
– ISM US services index. (4:00 p.m.)
Europe:
– Markit Spanish final PMI services index. (09:15)
– Markit Italian final PMI for services. (09:45)
– Markit final German services PMI index. (09:55)
– Markit final European PMI index for services. (10:00 a.m.)
– Markit final UK services PMI. (10:30 a.m.)
The euro/dollar parity reached $1.10971 this morning. A barrel of Brent is trading at $109.19. An ounce of gold is traded at $1,930.
RISING VALUES
CGG (+1.70% to 1.013 Euro) announces today the signing of a strategic partnership with Kent, a leading energy services engineering company, to work together on decarbonization projects associated with the development of CCUS and to the production and supply of hydrogen.
Delta Plus Group (+2.10% to 91.50 Euros) achieves a turnover of 344.2 million euros (288.7 ME in 2020). Thanks to this increase in turnover, the good performance of margins and control of its structural costs, despite the sharp rise in the prices of certain materials and transport costs throughout the year, Delta Plus Group will show an increase in the value of its operating profitability in 2021. It reached a level of 48.1 ME (14% of revenue as of December 31, 2021), up 0.3 points compared to the level before the health crisis (13.7% as of December 31, 2019) . Consolidated net income increased by +13.2% as of December 31, 2021, to €32.7 million (€28.9 million for the previous financial year. Consolidated net profit, Group share amounted to €32.4 million at December 31, 2021 (+10.8%).
FALLING VALUES
Mauna Kea (-2.90% to 0.60 Euro): takes the lead of the biggest declines on the SRD this morning.
THEY PUBLISHED THEIR TURNOVER/RESULTS…
Biocorp, Argan
THE LATEST “RECOS” FROM ANALYSTS…
AlphaValue reverts from accumulating to ‘lightening’ on Agricultural credit.
JP Morgan resumes trackingHermes to ‘neutral’ by aiming for a price of 1,150 euros, Kering to ‘neutral’ by targeting 670 euros and LVMH to ‘overweight’ with a target price of 780 euros.
MARKET INFORMATION
Figeac Aero : agreement on the adjustment of the financial structure with Tikehau.
Casino balance its stake in Mercialys.
Pharnext : 9th bond tranche.
IN SHORT
Gaussin : first deliveries to Côte d’Ivoire Terminal.
claranova : Avanquest enters into a firm agreement to acquire PDF forge.
Gecina : a first lease at 157 Charles de Gaulle in Neuilly-sur-Seine.
SpineGuard : FDA approval.
Icade finalizes the sale of the Le Millénaire building for 186 ME.