THE TREND
(Boursier.com) – Again announced in the green thirty minutes from the start of the session, the CAC 40 continues its ascent towards its historic record dating from March 6 at 7,401.15 points. Before starting the session of the day, it shows 6 rises in a row and 10 progressions during the last 11 sessions.
Investors remain generally confident about interest rates given the decline in short-term bond yields and some even anticipate that the Fed will lower its interest rates during the course of the year. The yield on two-year US Treasuries was almost unchanged on Tuesday at 3.9740% after falling almost ten basis points yesterday in reaction to the figures from the US ISM manufacturing index.
WALL STREET
Wall Street was rather hesitant on Monday, although the S&P 500 gained 0.37% to 4,124 pts, and the DJ 0.98% to 33,601 pts, while the Nasdaq fell 0.27% to 12,189 pts .
ECO AND CURRENCIES
UNITED STATES :
– Orders of durable goods. (4:00 p.m.)
– Industrial controls. (4:00 p.m.)
– JOLTS report on job openings. (4:00 p.m.)
Europe:
– German trade balance. (08:00)
– European producer price index. (11:00)
The euro/dollar parity reached $1.0895 this morning. A barrel of Brent is trading at $85.19. An ounce of gold is traded at $1,979.
VALUES TO FOLLOW
Technip Energies won a contract, the amount of which is not disclosed, but deemed “significant” by the group, i.e. between 50 and 250 million euros in turnover, with Shaanxi LNG Reserves & Logistics Co. Ltd. for the “Xi’An LNG Emergency Reserve & Peak Regulation” project with a capacity of 3 million cubic meters per day, in China.
Sanofi : published in The Lancet and The Lancet Haematology, the results of two studies evaluating the efficacy and safety of fitusiran, an experimental small interfering RNA for the prophylactic treatment of hemophilia A or B, in adults and children. adolescent, testify that this experimental drug has the potential to transform current hemophilia care and address the unmet needs of people with the disease, regardless of the type of hemophilia and whether or not they have inhibitors.
L’Oreal announces today the signing of an agreement with Natura & Co for the acquisition of Aesop, the Australian luxury cosmetics brand. The project values Aesop at $2.525 billion in enterprise value. Founded in 1987, Aesop is globally recognized for its skin, hair and body products. With its iconic amber packaging, sustainable vegan formulas, natural ingredients, and personalized customer service, Aesop has become an iconic global brand available in high-end boutiques, beauty salons, and luxury hotels around the world. The brand achieved sales of $537 million in 2022.
Delta Plus Group: sales increased by +22.1% over the year 2022 (+2.9% at constant scope and exchange rates) to reach 420.2 million euros. Current operating income also increased compared to 2021 (+8.9%). It stands at 52.4 ME. Reduced as a percentage of revenue, it reached 12.5% of revenue (-1.5 points compared to the 2021 financial year). The net result of the consolidated group amounts to 34.7 ME. Net income Group share amounted to 33.8 ME (+4.2% compared to 2021).
Argan recorded rental income of 45.2 million euros, up sharply by +11% compared to the same period of the previous financial year. This strong growth is mainly linked to the full year effect of rents generated by developments in 2022, as well as to the rent review on January 1, 2023.
LATEST REVENUES/RESULTS PUBLICATIONS…
Gascony, Bio-UV Group, AdVini, Aelis Farma, Bluelinea
THE LATEST “RECOS” FROM ANALYSTS…
Berenberg is long on Beneteaubut with an adjusted target price of 22 to 21 euros.
jefferies preserves Holcim with a target that goes back to 63.20 CHF.
MARKET INFORMATION
LNA Santé has fully completed its share buyback program
FDE buys back nearly 1% of its own shares through its share buyback program
Verallia: Moody’s raises its rating from Ba1 to Baa3
IN SHORT
Hunyvers finalizes its 3rd acquisition in less than a year
Gaussin: the Canadian group Robert orders 6 Full Elec ATMs
PAT and Fytexia announce the signing of a strategic collaboration in nutrition
Air France-KLM and CMA CGM launch their strategic cargo partnership