THE TREND
(Boursier.com) — The situation in China is worrying. Protests in major Chinese cities against drastic COVID-19 restrictions are reigniting investor concerns about the growth of the world’s second-largest economy. Even as the number of new COVID cases there hit a record high, with more than 40,000 new infections recorded on Sunday.
Several hundred demonstrators clashed with police on Sunday evening in Shanghai as the protest movement against the “zero COVID” policy seems to have spread to many Chinese cities, a wave of disobedience unprecedented since Xi’s accession to power. Jinping in 2012.
In this context, the CAC 40 will start in the red at 9 am, according to the precedence indicators.
WALL STREET
Wall Street showed no underlying trend this Friday, after its break the day before for Thanksgiving… A very calm half-session for the occasion: The S&P 500 stagnated (-0.03%) at 4.0326 pts, the Dow Jones rose 0.45% to 34,347 pts. The Nasdaq, on the other hand, lost 0.52% to 11,226 pts with Apple, which fell 2% on the major concerns in China of its subcontractor Foxconn. There were no notable statistics or quarterly publications from companies listed on the American market today.
ECO AND CURRENCIES
UNITED STATES :
– Dallas Fed Manufacturing Index. (4:30 p.m.)
The euro/dollar parity reached $1.0381 this morning. A barrel of Brent is trading at $81. An ounce of gold is traded at $1,753.
VALUES TO FOLLOW
Casino announces the launch of the sale of part of its stake in Assaí in the amount of 140.8 million shares (including in the form of ADS) representing 10.4% of Assaí’s capital, in order to accelerate its deleveraging. This number may be increased by a maximum of 49.5 million shares (including in the form of ADS) representing 3.7% of Assaí’s capital.
THEY PUBLISHED THEIR TURNOVER/RESULTS…
aquila, Dekuple
THE LATEST “RECOS” FROM ANALYSTS…
Barclays reverts from ‘line weight’ to ‘overweight’ on BNP Paribas aiming for 70 euros.
MARKET INFORMATION
UFF : Takeover bid by Abeille Assurances at 21 Euros.
2CRSi : effective transfer of shares to Euronext Growth.
IN SHORT
Europlasma : first delivery of asbestos waste from Italy.
Boostheat : hearing on December 6 on the continuation of the safeguard procedure.