THE TREND
(Boursier.com) — The CAC 40 should start again at the opening according to the pre-opening elements available 30 minutes from the start of the session. Yesterday it gave up 6,400 points in session, falling to 6,388.23 points after the unexpected warning shot from the BoJ which is also won by a stricter monetary policy, like those of the Fed and the ECB.
The rebound that seems to be taking shape would somewhat break the negative spiral into which the equity markets have been plunged since last week and the remarks of the Fed and the ECB not as favorable as expected.
The week that is ending will also be shortened with the closure on Friday at mid-session, while the stock markets in Europe and the United States will observe a break on Monday, the day after the Christmas holidays.
WALL STREET
Despite an opening in the red, Wall Street ended close to balance on Tuesday after four consecutive sessions of decline… The S&P500 advancing timidly by 0.10% to 3,821 points, the Dow Jones gained 0.28% to 32,849 points and the Nasdaqstill more sensitive to rising rates, remains stable at 10,547 pts.
Investors remain on the defensive overall, as global growth concerns remain high after aggressive rhetoric from the Fed and the ECB last week, “ready to do anything” to win their fight against inflation, including seeing their respective economy fall into recession.
ECO AND CURRENCIES
UNITED STATES :
– November Auto Sales (BEA).)
– Balance of current accounts. (2:30 p.m.)
– Conference Board Consumer Confidence Index. (4:00 p.m.)
– Resales of existing homes. (4:00 p.m.)
Europe:
– German GfK consumer sentiment index. (08:00)
The euro/dollar parity reached $1.0624 this morning. A barrel of Brent is trading at $80.27. An ounce of gold is traded at $1,792.
VALUES TO FOLLOW
Technip Energies won a contract for the supply of proprietary cracking furnaces for the 2,000 kta ethane cracker. of the Golden Triangle Polymers project, a joint venture between Chevron Phillips Chemical (CPChem) and QatarEnergy, along the Gulf Coast in Orange, Texas. This contract represents revenue of more than €250 million for Technip Energies.
Company of the Alps announces that on December 16 it has signed a new term loan type financing, maturing in 5 years, with its main banking partners for 200 million euros. While the RCF line is intended to constitute the group’s confirmed liquidity, this new loan must be used to finance future general needs, in particular those linked to growth. It will be drawable as needed, for a period of availability of 12 months. The amortization is in fine, on December 16, 2027.
THEY PUBLISHED THEIR TURNOVER/RESULTS…
Tronics
THE LATEST “RECOS” FROM ANALYSTS…
Societe Generale switches from ‘hold’ to ‘buy’ on BioMerieux targeting a course of 113 euros.
Stifel is for purchase on Soitec targeting a course of 205 euros.
MARKET INFORMATION
Advini : green light for transfer to Euronext Growth.
IN SHORT
PCAS : The 2022 results will remain “very loss-making”.
Celyad Oncology discusses its strategy…
artea doubles its hydraulic production capacity in France.
Kerlink : deployment of a remote monitoring system in Nigeria.
Altheora announces the completion of the acquisition of Chris-France Plastiques.
Abivax : FDA approval for pediatric development plan with obefazimod.
HRS : order for a hydrogen refueling station for a bus depot.
2CRS : contract of 14.8 ME over 3 years.