THE TREND
(Boursier.com) — The CAC 40, unable to regain 7,600 points on Monday and Tuesday, achieved this this morning at 7,604.96 points thanks to an increase of around 0.30%.
After beating its historic session record last Thursday, at 7,653.99 points, and Friday its closing record at 7,596.91 points, the CAC 40 had since shown itself incapable of crossing 7,600 points and investors quite logically paused and gave in to profit-taking.
Last night, the Dow Jones finished at an all-time high, while the S&P-500 moved closer to its closing record reached on January 22.
This morning, the numerous macroeconomic indicators published, particularly in Germany, confirm the good disposition of investors on the Paris Stock Exchange.
WALL STREET
Wall Street remained oriented in the green on Tuesday, the S&P 500 gaining another 0.59% to 4,768 pts, very close to its historic highs, while the Dow Jones is at its highest, up 0.68% to 37,557 pts. The Nasdaq increased by 0.66% to 15,003 pts.
ECO AND CURRENCIES
Producer prices in Germany fell more than expected in November, recording an annual decline of 7.9%, show data published Wednesday by the Federal Statistical Office. Analysts polled by Reuters had forecast a contraction of 7.5% year-on-year in November. On a monthly basis, these prices fell by 0.5% last month, compared to -0.1% in October and a forecast of -0.3%.
German consumer sentiment is expected to improve at the start of next year but it is unclear whether this recovery will mark the start of a lasting trend after a sharp deterioration in 2023, shows a survey published on Wednesday. The consumer sentiment index for Europe’s largest economy fell from -27.6 (revised) in December to -25.1 for the month of January while economists polled by Reuters expected -27.0.
UNITED STATES :
– Current account balance. (2:30 p.m.)
– Conference Board Consumer Confidence Index. (4:00 p.m.)
– Resales of existing housing. (4:00 p.m.)
Europe:
– Flash European consumer confidence index. (4:00 p.m.)
The euro/dollar parity reached $1.0957 this morning. A barrel of Brent is trading at $79.35. An ounce of gold sells for $2,042.
RISING VALUES
Fermentalg (+8.90% to 0.27 Euro) has just unveiled its 2024-2026 strategic plan on December 19. It marks a crucial step in its commitment to profitable and sustainable growth. Defined under the leadership of the new Managing Director, Pierre Josselin, the strategic plan aims for sustained growth, with a goal of exceeding 25 million euros in turnover by 2026, an increase of more than 6 compared to to sales of around 4 ME in 2023.
FALLING VALUES
Verallia (-1.40% to 34.90 Euros): following the sharp devaluation of more than 50% of the Argentine peso on December 13, the group updated its turnover forecasts for 2023 and estimates that the impact of converting its local turnover into euros will not allow it to achieve its annual growth objective of at least 20% of its consolidated turnover in 2023. Verallia also confirms its objective of generating an EBITDA in 2023 adjusted 1 greater than 1.1 MdE.
LATEST SALES/RESULTS PUBLICATIONS…
Bleecker, MedinCell, Grolleau
THE LATEST “RECOS” FROM ANALYSTS…
Barclays is ‘market weighted’ on Sartorius Stedim with an adjusted objective of 185 to 210 euros.
HSBC remains a buy on BioMérieux with a target which goes from 108 to 110 euros.
RBC Capital remains at ‘outperform’ on BNP Paribas with an adjusted objective of 75 to 82 euros and is at ‘market performance’ on the Societe Generale with a target which increases from 29 to 30.50 euros. RBC Capital remains at ‘sector performance’ on Agricultural credit but raises its target from 13.50 to 15.50 euros.
MARKET INFO
Adeunis: finalization of the acquisition by Flexitron Group of a majority stake in the capital
Egide: a Vatel Capital fund holds more than 7% of the capital
McPhy Energy renews an equity financing line with Vester Finance
Orpea: the group becomes majority shareholder of the group
IN SHORT
Enertime: signing of a contract with Stolect
Hoffmann Green extends its strategic partnership with the CSTB