THE TREND
(Boursier.com) — The CAC 40 began the session with an increase of around 0.50%, to 7,465 points, thus extricating itself from the zone of 7,400 points around which it has been evolving for several sessions at the start of 2024.
The imminent publication of monthly inflation figures in the United States could, however, somewhat restrain investors who, for several sessions, have been reassessing the timetable for rate cuts by the major central banks. Depending on its content, the figure, expected at 2:30 p.m., could revive or remove doubts about this timetable and the extent of a potential shift in the monetary policy of the American central bank.
WALL STREET
At the close on Wall Street, the markets ended in the green this Wednesday, supported by a few technology stocks. The S&P 500 gained +0.57% to 4,783 pts. The Dow Jones rose +0.45% to 37,695 pts. The Nasdaq signs a 4th consecutive increase with a gain of +0.75% to 14,969 pts. Despite the index optimism, operators maintain a certain amount of caution while awaiting this weekend’s inflation figures, and the first quarterly publications…
ECO AND CURRENCIES
UNITED STATES :
– American Consumer Price Index. (2:30 p.m.)
– Weekly unemployment registrations. (2:30 p.m.)
– American budgetary balance. (8:00 p.m.)
Europe:
– Spanish industrial production. (09:00)
– Italian industrial production. (10:00 a.m.)
The euro/dollar parity reached $1.0986 this morning. A barrel of Brent is trading at $77.44. An ounce of gold sells for $2,034.
RISING VALUES
OVH (+2.25% to 8.59 Euros) reveals a turnover of 240 million euros in the first quarter of 2024, up 12% on a comparable basis compared to 2023. The company confirms its 2024 annual objectives, namely organic revenue growth of between 11% and 13%, an adjusted EBITDA margin greater than 37%, recurring Capex of around 16% of revenue, growth Capex of around 24% of turnover and a generation of “Unlevered Free cash flow” in the second half of 2024.
Casino (+2.30% to 0.60 Euro): the Financial Markets Authority granted on January 9, an exemption from the obligation for the members of the Consortium acting in concert (composed of EP Equity Investment III sàrl, Fimalac and Attestor) and their investment vehicle (France Retail Holdings) to file a proposed public offer for the shares.
FALLING VALUES
Ekinops (-0.40% to 5.16 Euros): down the day after the announcement of a quarterly turnover of 30.3 ME, down -4%. At the end of the year, Ekinops continued to suffer from a degraded market environment, marked by the economic slowdown and a drop in demand, penalizing sales of Access equipment. Over the entire 2023 financial year, consolidated turnover stood at €129.1 million, up +1% (+2% at constant exchange rates). Ekinops confirms its 2023 objective of an EBITDA margin of between 13% and 17%.
LATEST SALES/RESULTS PUBLICATIONS…
Klarsen, SMTPC, Logic Instrument, Archos, SpineGuard, Ekinops
THE LATEST “RECOS” FROM ANALYSTS…
BNP Paribas Exane takes over monitoring of Teleperformance to ‘outperform’.
Jefferies goes ‘purchase’ on Mercialys.
MARKET INFO
ESI Group: results of the offer
Gévelot: Sopofam above 50% capital
Inventiva: drawing of 25 ME from the EIB
Vinci renews its syndicated credit line
AXA places 1.5 billion Restricted Tier 1 bonds
IN SHORT
Obiz enters into a strategic partnership with Sportyneo
Eiffage: contract of more than 63 ME in Paris
Freelance offers the STA group