PARIS (Agefi-Dow Jones) – The Paris stock market is expected to open higher on Wednesday, with investors finding reassuring the words of United States President Joe Biden, who called on Americans to be vaccinated and tested against the Covid-19, without tightening travel restrictions linked to the pandemic. In addition, trade volumes should continue to decline as Christmas approaches.
At 8:30 am, the CAC 40 index futures contract was gaining 26.2 points, or 0.4%, according to data from broker IG.
The reluctance of many governments to impose a new strict containment before Christmas is perhaps linked to the fact that such a measure would risk being little respected by populations disillusioned in the face of the pandemic, notes Michael Hewson, analyst at CMC Markets.
In addition, many investors believe that the Omicron variant of the coronavirus will have “only a temporary impact on economic activity and should not be a problem for the overall positive trend” of the equity markets, believes for his part Ipek Ozkardeskaya , analyst at Swissquote.
On the business side, Crédit Agricole Consumer Finance, the consumer credit subsidiary of Crédit Agricole SA, has invested 100 million euros in the capital of Cosmobilis, the holding company of ByMyCAR, a French automobile distribution group. At the same time, Crédit Agricole Consumer Finance and Cosmobilis entered into exclusive negotiations to create a pan-European joint venture in automobile financing activities.
Saint-Gobain has entered into an agreement to acquire the Indian rock wool producer Rockwool India from its parent company Alghanim. The amount of the transaction was not disclosed.
McPhy has been selected as the preferred supplier to install a 100 megawatt (MW) electrolysis platform in Sines, Portugal, as part of the GreenH2Atlantic project.
Albioma has entered into exclusive negotiations with Turcas Petrol for the acquisition of a second geothermal power plant in Turkey, for an undisclosed amount.
-Alice Doré, Agefi-Dow Jones; +33 (0) 1 41 27 47 90; [email protected] ed: LBO
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December 22, 2021 02:32 ET (07:32 GMT)