(Boursier.com) — THE TREND
The Paris stock market moved forward this Monday, following the rebound on Wall Street. The CAC40 recovered 0.72% to 8,119 points at the close.
The markets will be punctuated this week by the meeting of the European Central Bank on Thursday. The challenge will be to obtain confirmation of the hypothesis of a rate cut in June, after encouraging signs regarding inflation.
In the United States, on the other hand, the horizon for rate cuts has moved away a little and the CME Fedwatch barometer now only gives a 46% probability of an easing in June… The rise in oil prices, with a barrel of Brent which remains above 90 dollars, has notably thwarted hopes of a faster drop in rates, especially as the American job market remains solid. The markets will follow the US inflation index on Wednesday to get a new idea.
On currencies, the euro stands at 1.0850/$. Oil prices at $90 per Brent, while bitcoin rises to $71,830.
RISING VALUES
Atos rebounded by 19%, boosted by the latest announcements… Butler Industries has indeed announced that it is joining the consortium formed by Onepoint, led by David Layani, whose ambition is to makeAtos the European digital, cybersecurity and artificial intelligence platform, and the leading European sovereign cloud operator. The strategic plan supported by the consortium is structured around three priority areas: protecting and conserving all of the Group’s assets; enable the Group to return to a profitable growth trajectory as soon as possible; ensure the restructuring of Atos’ debt. Onepoint has confirmed that the consortium will present its project for Atos to the Board of Directors by the end of April.
Quoting…
Adocia : +15% followed by Orpea (+6%), Innate, SMCP and Remy Cointreau
Lhyfe : +5.5% with Euroapi
Eutelsat : +5% in the company of MdM
Derichebourg : +4.5% with Air France KLM, Ubisoft
Clariane : +3.5% with Catana, S30, CGG, Nexans, Ekinops, Voltalia
Eurazeo : +3% followed by Eramet, BioMerieux, Esso, Teleperformance, FNAC Darty, Seb, P&V, M6 and Bonduelle
TotalEnergies evolves to new highs above 67 euros (+1.7%) The group has signed an agreement to acquire the 20% stake held by Lewis Energy Group in the Dorado operating permits operated by EOG Resources (80 %) in the Eagle Ford Basin in Texas. This operation increases TotalEnergies’ natural gas production capacity and strengthens its integration into the liquefied natural gas (LNG) value chain in the United States. The transaction will allow TotalEnergies to increase its net gas production in the United States by 50 million cubic feet per day (Mcf/d) in 2024, with a potential growth of an additional 50 Mcf/d in 2028.
Saffron rises 1.2% to 208 euros in Paris. The news around the equipment manufacturer and Defense group is marked by a note from Bank of America which revalued the file from 230 to 260 euros while remaining at ‘purchase’. The next meeting for the company led by Olivier Andriès is scheduled for April 26 with the publication of first quarter turnover.
Worldline rises 1.6% to 11.55 euros, while on the broker side, Mediobanca is ‘neutral’ with a price target of 13 euros, while Stifel maintains the file by targeting 13.50 euros.
FALLING VALUES
Believe logically stumbles almost 10% below 15 euros after the withdrawal of WMG. Warner Music Group has decided not to submit an offer for the digital music group a month after approaching the French company. “Warner Music Group announces today that it has decided, after careful consideration, not to submit a binding offer for Believe,” WMG said over the weekend. The latter had indicated that he was ready to offer a minimum of 17 euros per Believe share.
Elior : -3% followed by LFE, Medincell
Soitec : -2.5% with Veritas, Exail, Edenred, Guerbet, Quadient
OVH : -1.7% in the company of Sodexo, Bic, JC Decaux
Vicat : -1% with Veolia, Equasens, Orange, Accor, STEF, Arkema
Michelin yields 0.1%. Jefferies downgraded the tire manufacturer’s title to ‘underperformance’, targeting 30 euros. The analyst explains that the Clermont-based group is currently trading at the highest premium to Continental, and also at a premium to Pirelli for the first time in 3 years. The broker favors the Italian firm which focuses on the most profitable areas and has the best exposure of profits to positive trends in the mix…
Alstom (stable). Oddo BHF adjusted its target from 25 to 24 euros ahead of the company’s annual publication on May 8.