THE TREND
(Boursier.com) — The Paris Stock Exchange is open on Pentecost Monday, but the volumes traded could turn out to be significantly lower than normal, with many investors continuing their weekend, and the absence of published macroeconomic data not leading to decision-making. Investors are awaiting PMI data on activity in the main economies this week. They will be judged by the slowdown in inflation, paving the way for an upcoming rate cut by central banks. In the meantime, the CAC 40 is expected to increase slightly at 9 a.m.
WALL STREET
Wall Street finished slightly higher this Friday, posting a fourth consecutive week of progress, a first since February… Enough to propel the Dow Jones to more than 40,000 points at closing, at 40,003 pts, up 0 .34%, new historic record! The S&P 500 gained 0.12% to 5,303 pts, while the Nasdaq lost 0.07% to 16,685 pts.
ECO AND CURRENCIES
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The euro/dollar parity reached $1.0880 this morning. A barrel of Brent is trading at $84.37. An ounce of gold sells for $2,442.
VALUES TO FOLLOW
Atos : the group’s bond creditors would have rejected the takeover offer from billionaire Daniel Kretinsky, considering that the project was “incompatible” with their intentions, reported ‘La Tribune’ this weekend… The financial media specifies that the bondholders judge that the plan to erase almost all of Atos’ debt carried by Daniel Kretinsky, in partnership with the Attestor fund, as well as the fear of a piecemeal sale, are not compatible with their desire to convert a lower level of debt into capital and maintain the integrity of the group.
Danone : announces that it has completed the sale of its EDP activities in Russia to Vamin R LLC, following obtaining the required Russian regulatory authorizations as announced on March 22.
TURNOVER/RESULTS…
Poxel, Sirius Media, Saint Jean Groupe, Paulic Meunerie, Abionyx, Altamir
THE LATEST “RECOS” FROM ANALYSTS…
JP Morgan confirmed its neutral opinion on Hermes with an unchanged price target of 2,160 Euros.
MARKET INFO
DBV Technologies announces its intention to modify the ADS ratio
Société Générale: Description of the share buyback program
McPhy Energy: issue of OCEANEs for the benefit of EDF Pulse Holding and EPIC Bpifrance
Eiffage: Success of the capital increase to employees and cancellation of treasury shares
IN SHORT
Europlasma: Bizzell Europe takes 25% of Valdunes Industries for 5 MEUR
Gaussin: Metalliance has been placed in receivership
Adomos in cessation of payment