THE TREND
(Boursier.com) — Investors are having trouble buying Parisian stocks above 8,200 points! Unlike yesterday when the records of the American indices had propelled the CAC 40 to a new absolute record from the opening, this morning, the Parisian index lost ground (-0.30% to 8,155 points), even though its counterparts Americans finished in the green again last night…
The CAC 40 therefore remains at a peak of 8,229.25 points recorded on Thursday, while its closing high, at 8,201.05 points, dating from Wednesday, was not beaten yesterday.
The Fed confirmed on Wednesday that it still plans three rate cuts this year despite the strength of inflation and the economy across the Atlantic, while the Central Bank of Norway and the Bank of England have hinted at a relaxation of their policy monetary in the coming months. The Swiss National Bank did not wait and lowered its key rate by 25 basis points on Thursday.
Quoting…
WALL STREET
Fourth consecutive session of increase on Wall Street. Optimism prevailed this Thursday, the day after the Fed’s general policy statement on its key rates. Indeed, the American central bank seemed to maintain its stance regarding further rate cuts this year, despite recent data that was a little less positive than expected regarding inflation. Jerome Powell notably estimated that despite recent statistics, the narrative relating to a gradual decline in inflation had not changed…
In this context, the S&P 500 gained +0.32%, ending at 5,241 pts. The Dow Jones gained +0.68% to 39,781 pts. The Nasdaq is also on a positive trend, with a gain of 0.2% to 16,401 pts…
ECO AND CURRENCIES
Europe:
– Import price in Germany. (08:00)
– GfK UK Consumer Sentiment Index. (08:00)
– UK retail sales. (08:00)
– German Ifo Business Climate Index. (10:30 a.m.)
The euro/dollar parity reached $1.0808 this morning. A barrel of Brent is trading at $85.49. An ounce of gold sells for $2,167.
RISING VALUES
Renault (+0.40% to 45.30 Euros) and Volvo have obtained the necessary regulatory approvals to officially launch a new company to develop a completely new generation of 100% electric vans based on a Software Defined Vehicle (SDV) architecture, and dedicated services. “The new company will respond to the growing needs for efficient and carbon-free urban logistics and will be based in France,” explains Renault, which plans to invest 300 million euros over the next three years, as Volvo is also committed to doing. Following the non-binding agreement signed on October 6, CMA CGM Groupe confirmed its interest in a strategic investment of up to 120 million euros in Flexis SAS through PULSE, its 1.5 billion investment fund. euros aimed at promoting the decarbonization of the logistics value chain. The new range of 100% electric SDV vans will be presented later by the new company. Production is expected to begin in 2026.
FALLING VALUES
Samse (-1.80% to 188 Euros): Samse’s turnover stands at 1,889 ME as of December 31, 2023, down 1.2% compared to 2022. The group’s Current Operating Result stands to 104.3 ME, down 16.8% compared to 2022. The net profit of the integrated companies thus stands at 79.3 ME and decreases by 18.5 ME, or -18.9%. The group’s share of net income follows roughly the same trend, reaching €76.4 million.
Wallix (-14% to 8.70 Euros): the operating result is -9.49 ME in 2023 (-7.13 ME in 2022), and reveals a net result of -8.53 ME (-6 ME in 2022). “2023 was a pivotal year marking the end of an investment cycle focused on enriching our offering and developing our human capital in the 16 countries where the company is present today,” explains Jean-Noël by Galzain, Chairman and CEO of Wallix Group. At the end of 2023, the Group has a solid financial base to ensure the next stages of its development, with gross cash flow of 17.6 ME, up 4.1 ME over 1 year. Cash flow net of financial debts stands at 8.9 ME for equity of 15.1 ME.
LATEST SALES/RESULTS PUBLICATIONS…
Bernard Loiseau, Balyo, Touax, i2S, IT Link, Burelle, Ateme
THE LATEST “RECOS” FROM ANALYSTS…
Barclays moves to ‘overweight’ on Bureau Veritas aiming for 33 euros.
MARKET INFO
Clariane: employees support the refinancing plan
Clasquin: Takeover bid in sight at 142.03 euros per share
DBT: selected by Bouygues Energie Services and Ineo
Orpea: the new shares will be eligible for the SRD
IN SHORT
TotalEnergies: start-up of the Tyra offshore complex, in the Danish North Sea