The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)
The Paris Stock Exchange ended slightly up 0.22% on Monday, starting a week with numerous company results and several important macroeconomic indicators in the United States.
The flagship CAC 40 index gained 17.95 points, to 8,040.36 points. On Friday, the index finished stable. Over the week, the Parisian rating gained 0.14%, after two weeks of decline.
“This is a calm session before perhaps a little more action, since we will have company results and also economic statistics which will be interesting, particularly in the United States”, comments Guillaume Chaloin, director of equity management at Delubac AM.
Investors will in fact learn on Thursday the first estimate of American GDP for the first quarter, then on Friday the PCE price index for March in the United States, the preferred inflation indicator of the American Federal Reserve (Fed).
This second indicator will be particularly closely monitored because the Fed has indicated that it is dependent on macroeconomic data to define the trajectory of its monetary policy.
However, “the previous inflation indicators came out a little above what was expected, which gives the impression that it is slowing down less quickly”, recalls Guillaume Chaloin.
The microeconomic agenda is also busy with the publication of the results of four of the seven largest companies in the technology sector, all American: Microsoft, Google, Meta and Tesla.
In Paris, Hermès, TotalEnergies, Schneider Electric, Sanofi, BNP Paribas, Kering and Pernod Ricard and Renault will present their quarterly accounts.
TotalEnergies continues to invest in LNG
Extension of gas extraction rights, liquefaction plant and solar park to power it: TotalEnergies (+0.92% to 67.90 euros) announced on Monday additional investments in the Sultanate of Oman to produce LNG ( liquefied natural gas), with a contract worth more than 500 million euros for Technip Energies (+0.79% to 22.84 euros).
The French group also announced an agreement with the company Sapura Upstream Assets (SUA) to acquire its 50% stake in the capital of the Malaysian gas operator SapuraOMV, a transaction worth $530 million.
Sanofi cuts costs
Concern is growing for Sanofi unions after the announcement of an employment protection plan (PSE) initiated by the French pharmaceutical giant, which provides for the elimination of 1,200 positions worldwide, including 330 in France in the research and development. The group’s shares increased by 1.47% to 88.17 euros.
Alstom on the right track
The railway manufacturer Alstom increased by 2.25% to 15.44 euros after announcing the sale of its conventional signaling activities in North America to the German Knorr-Bremse AG for 630 million euros, an operation which is part as part of its debt reduction plan.
“Net of taxes and transaction costs, Alstom is expected to receive approximately 620 million euros” and “the transaction marks an important step in the implementation of the group’s 2 billion euro debt reduction program, which is expected be detailed on May 8″, underlines a Deutsche Bank analyst.
Eurazeo grows
The investment company Eurazeo (+1.17% to 81.95 euros) announced an agreement to purchase a majority stake in Eres Group, the “main independent French player” in the management of employee savings and pension plans. retirement and employee shareholding.
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