(AOF) – European stock markets are expected to be on a bearish note. Investors are focusing their attention on the US inflation data which will be released early this afternoon. These figures will have an influence on the trajectory of the Fed's policy, which will make its decision on December 18. As for the ECB, it will deliver its verdict tomorrow. The latest published indicators confirm the sluggishness of economic activity on the Old Continent. On the political level, Emmanuel Macron indicated yesterday that he would appoint a Prime Minister within 48 hours.
Values to follow today
Argan
Before the presentation of its strategic plan on January 16 during the publication of its annual results, Argan announces its objective to continue the pace of its debt reduction. “Our debt is under control with a controlled cost of 2.25% at the end of 2024 and expected at 2.10% by the end of 2025,” specifies the real estate specialist in warehouses in a press release.
Atos
Following the announcement on December 2 by Atos of the results of its capital increase of 233 million euros with maintenance of shareholders' preferential subscription rights, the group announces having completed the settlement-delivery of the securities and the admission new shares for trading on the regulated Euronext market in Paris.
GL events
Candidate for the takeover of the Stade de France concession, GL events confirms that it is entering a phase of exclusive negotiations with State services. “Although decisive, this step does not make the group the winner of the contract. It is only at the end of this decisive negotiation which should end by the end of January 2025 that the final decision will be taken”, specifies the event specialist.
Medincell
In the first half of the 2024/2025 financial year, Medincell posted a turnover of 8.62 million euros compared to 6.98 million euros a year ago. On the other hand, it posted a net loss of 14.56 million euros compared to 8.15 million euros a year before. The operational loss stood at 7.52 million euros compared to 8.98 million euros a year ago. For this half-year ending September 30, 2024, Medincell has cash and cash equivalents of 31.6 million euros as well as 7.2 million euros in term deposits recorded as financial investments.
Macroeconomic figures
In the United States, inflation in November will be known at 2:30 p.m. before the weekly evolution of oil stocks at 4:30 p.m.
Around 8:30 a.m., the euro lost 0.12% to 1.0517 dollars.
Yesterday in Paris
The bullish streak has ended for European equity markets. Caution and wait-and-see attitude animated this Tuesday session as investors have their sights set on data on American inflation (tomorrow) and the ECB's monetary policy decision (Thursday). German inflation was confirmed at 2.2% in November after 2% in October. On the values side, Euroapi faltered after the announcement of new management and despite the confirmation of its 2024 objectives. The CAC 40 lost 1.14% to 7,394 points and the EuroStoxx 50, 0.67% to 4,951 points.
Yesterday on Wall Street
American stock markets closed lower before the publication of inflation data which will be the center of attention this Wednesday. Although the increase in productivity in the third quarter was confirmed, the increase in labor costs was revised downwards. In terms of values, the IT services giant Oracle finished in the red in the wake of quarterly results below analysts' expectations. The Dow Jones fell 0.35% to 44,247 points while the Nasdaq fell 0.25% to 19,687 points.
