(AOF) – European stock markets are expected to be in the red in the face of political risk in France. The National Rally has indicated that it will vote to censure the Barnier government in the event of 49.3, “barring a last minute miracle”. On the statistics front, the PMIs will be worth monitoring, as will the unemployment rate in the euro zone. On the values side, Stellantis announced yesterday in a press release the resignation with immediate effect of its CEO Carlos Tavares, who was supposed to retire at the beginning of 2026, at the end of his mandate. In Tokyo, the Nikkei index ended up 0.8% on Monday.
Values to follow today
Airbus
The biggest increase in the CAC 40 index, Airbus gained almost 7% to 147.56 euros last week. Aircraft engine maker CFM has agreed to redirect some engines, initially allocated to the aftermarket, to Airbus, Reuters reported on Wednesday, citing three people familiar with the matter. The group would thus be in a better position to achieve its objective of 770 deliveries this year.
Icade
Icade now anticipates a 2024 group net current cash flow within the upper limit of the revised guidance of between 3.78 euros and 3.93 euros per share. This is made up of the net current cash flow from strategic activities, announced in the upper limit of the guidance of between 2.75 euros and 2.90 euros per share (unchanged vs previously) and the net current cash flow from activities abandoned of 1.03 euros per share. Icade made this announcement following the decision of the board of directors of Præmia Healthcare to distribute an interim dividend for the 2024 financial year.
Dekuple
Over the first nine months of the 2024 financial year, the Dékuple group recorded a consolidated turnover of 155.4 million euros, up 6.8% compared to the same period in 2023. The gross margin reached 121.7 million euros, an increase of 3.5% compared to the previous year. “Our digital marketing activities, which now represent 64% of our consolidated turnover (compared to 58.8% a year ago), continue their growth dynamic despite a more cautious economic climate,” explains Bertrand Laurioz, CEO of Dekuple.
Stellar
Stellantis announces that the company's Board of Directors, meeting yesterday under the chairmanship of John Elkann, accepted the resignation of Carlos Tavares as CEO of Stellantis with immediate effect. “The process of appointing the new permanent CEO, managed by a special committee of the board of directors, is on track and will be completed during the first half of 2025,” said a press release from the car manufacturer. In the meantime, a new temporary executive committee, chaired by John Elkann, will be established.
Macroeconomic figures
In France, the purchasing managers' index for the manufacturing sector in November will be communicated at 9:50 a.m. before the purchasing managers' index for the manufacturing sector in November in Germany at 9:55 a.m. and that in the euro zone at 10:00 a.m.
The unemployment rate in November will be communicated at 11:00 a.m. in the euro zone.
In the United States, the Purchasing Managers' Index (S&P Global) for the manufacturing sector in November will be published at 3:45 p.m. before the Purchasing Managers' Index (ISM) for the manufacturing sector in November at 4:00 p.m. as well as the construction spending in October.
Around 8:30 a.m., the euro lost 0.56% to 1.0519 dollars.
Friday in Paris
European stock markets ended on a positive note in a week dominated by increasing French political risk and Donald Trump's first offensive on customs duties. The French government remains in an impasse over the budget despite recent concessions from Michel Barnier intended to avoid censorship. The Franco-German spread, however, fell to 80.2 basis points compared to more than 90 points at the highest of the week. The CAC 40 gained 0.78% to 7,235.11 points, limiting its losses over the week to 0.30%. The EuroStoxx50 gained 1.04% to 4807.93 points.
Friday on Wall Street
American markets closed on a positive note at the end of a shortened session the day after the Thanksgiving holiday. On the values side, Microsoft finished in the green while, according to Bloomberg, the group is the subject of an investigation by the American competition watchdog concerning its practices in the areas of cloud computing, AI and cybersecurity. Against a backdrop of less trading than usual, the Dow Jones, which recorded a new closing record, increased by 0.42% to 44,910 points while the Nasdaq advanced by 0.83% to 19,218 points.
