THE TREND
(Boursier.com) — After opening in the green, the CAC 40 gave up a few points as it approached 9:30 a.m. (-0.10% to 8,160 points) without showing itself capable of approaching 8,200 points, with a plus high of the day at 8,179.81 points. He remains not far from the absolute record of 8,218.07 points, established last Thursday. On Friday, the closing record was pushed back to 8,164.35 points.
Last week, the resilience of the economy and the surprise rise in consumer prices (CPI) and producer prices (PPI) reawakened inflationary fears. The American central bank is expected to announce a new status quo on its rates on Wednesday. Goldman Sachs indicated on Monday that it now anticipates a rate cut in the United States of only 75 points this year compared to 100 points previously, while JP Morgan reduced its forecast in this area from 125 points to 75 points.
WALL STREET
Wall Street ends the session with a further decline on Friday, still digesting the poor inflation figures (consumer and producer prices) announced this week across the Atlantic. On this day of the Four Witches and an anthology of macroeconomic publications, the S&P 500 lost -0.65% to 5,117 pts, but remained more or less stable over the week. The Dow Jones dropped -0.49% to 38,714 pts (-0.14% weekly). The Nasdaq fell by -0.96%, sliding below 16,000 points. The technology stock index ended at 15,973 pts (-0.29% during the week).
Quoting…
ECO AND CURRENCIES
UNITED STATES :
– NAHB U.S. Housing Market Index. (3:00 p.m.)
Europe:
– Final consumer price index in the euro zone. (11:00)
The euro/dollar parity reached $1.0887 this morning. A barrel of Brent is trading at $85.70. An ounce of gold sells for $2,148.
RISING VALUES
TotalEnergies (+0.30% to 62.67 Euros) reached more than 1.5 GW of electricity purchase agreements (Power Purchase Agreement, PPA) signed with more than 600 industrial and commercial customers around the world, for self-consumption on their sites and injection into the network. Of this total of 1.5 GW, 1.1 GW of on-site solar capacity has already been commissioned, producing 1.5 TWh of electricity per year, while 400 MW will be commissioned by the end of the year.
Valneva (+4.75% to 3.62 Euros) has concluded an agreement with the American funds specializing in the health sector Deerfield Management Company and OrbiMed aiming to defer the start date of repayment of its loan by 18 months. The repayment of the first tranche of 100 million dollars will now begin in January 2026 instead of July 2024. The end of repayment of the first tranche of the loan is maintained in the first quarter of 2027. The terms of repayment of the second tranche of 100 million dollars remain unchanged.
FALLING VALUES
Catana Group (-3.15% to 4.74 Euros): biggest drop on the SRD this morning.
LATEST SALES/RESULTS PUBLICATIONS…
Hoffmann Green Cement
THE LATEST “RECOS” FROM ANALYSTS…
HSBC downgrades Gecina to ‘keep’ with a target set at 105 euros.
HSBC goes ‘buy’ on Covivio aiming for 52 euros.
MARKET INFO
Boostheat will initiate the consolidation of its shares
IN SHORT
Waga Energy starts a biomethane production unit in New York state
Alstom: first laps in Ile-de-France for the Tzen 4 electric bus
Thales wins a railway contract in Spain