THE TREND
(Boursier.com) — Risk appetite materialized yesterday with a sharp rise in the first session of the year (+1.87%), while most other international markets were closed. This morning profit taking is announced and the CAC 40 should lose some of the ground gained yesterday. But in proportions which do not call into question the whole of the progression recorded yesterday.
The next important meetings for investors are known, such as the minutes of the Federal Reserve’s December meeting, which will be published on Wednesday and could provide indications on the direction of rates in 2023. follow, the first estimate of inflation in Germany.
In the economic news of the day, the results of the Chinese surveys of purchasing managers in the manufacturing sector show a further deterioration in activity with the impact of the COVID-19 epidemic on production chains, the index Caixin-Markit PMI down to 49 and the official PMI to 47.
WALL STREET
Closed yesterday.
ECO AND CURRENCIES
UNITED STATES :
– Markit U.S. Final Manufacturing PMI. (3:45 p.m.)
– Building expenses. (4:00 p.m.)
Europe:
– Unemployment rate in Germany. (10:00 a.m.)
– British CIPS End Manufacturing PMI. (10:30 a.m.)
– Preliminary German consumer price index. (2:00 p.m.)
The euro/dollar parity reached $1.0652 this morning. A barrel of Brent is trading at $86.20. An ounce of gold is traded at $1,841.
VALUES TO FOLLOW
Orpea announces the latest drawdowns of €205 million under the €3.2 billion financing agreement concluded with its main banking partners in June 2022. Two new drawdowns have thus been carried out by Orpéa , end of December 2022.
GTT announces that it is ceasing its activities in Russia. As already specified in several press releases issued in 2022, GTT is engaged in Russia in the design of the tanks of 15 icebreaker LNG carriers under construction by the Zvezda Shipbuilding Complex (Zvezda) shipyard, as well as in the design tanks of three underwater tanks for the company Saren. On October 1, 2022, a turnover of 74 ME remained to be recognized for icebreaker LNG carriers by 2025 and 12 ME for underwater tank tanks by 2027, i.e. an exposure representing, in total, less than 6% of the order book.
THEY PUBLISHED THEIR TURNOVER/RESULTS…
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THE LATEST “RECOS” FROM ANALYSTS…
Jefferies switches from ‘hold’ to ‘buy’ on Rolls-Royce with 125 GBp target, retains Saffron with a target price raised from 112 to 118 euros. Finally, Jefferies switches back from buy to ‘hold’ on Thales with a target price of 135 euros and is still for purchase on Airbus with an adjusted objective of 132 to 135 euros.
MARKET INFORMATION
vinci offers shares at 80.08 euros to its employees.
IN SHORT
Sensorion : first patient in the Phase 2a proof-of-concept trial of SENS-401.
Vergnet : the Servian site concludes a contract with the Outremer shipyard in La Grande Motte.