(AOF) – European stock markets are moving in the red after the publication of the PMI indices. In the euro zone, the manufacturing PMI is almost in line with expectations in December. On the values side, the split of the Vivendi conglomerate into 4 entities has been effective since Monday with the first listing of Canal+ in London, Havas in Amsterdam, and Hachette in Paris. Vivendi's market capitalization is now divided by four compared to the end of last week. Around 12:05 p.m., the CAC 40 lost 0.69% to 7,358 points and the Eurostoxx 50 lost 0.43% to 4,946 points.
Allianz
(-0.13% to 301.70 euros) announced that it had withdrawn its offer to take a majority stake in the Singaporean insurer Income Insurance. The German insurer submitted a proposal on July 17. This withdrawal decision comes this Monday following the announcement made by the Singaporean government on October 14. Singapore has expressed concerns about the proposed transaction. The Minister for Culture, Community and Youth, Edwin Tong, said that “this operation would not be in the public interest”.
After four previous sessions in the red,
Vivendi
recovered in a very good way, surging by 35.92% to 2.50 euros. Since this Monday, the split of the conglomerate into 4 entities has been effective, with the first listing of Canal + (-23.22% to 244.92 pence) in London, of Havas (+6.93% to 1.91 euros) in Amsterdam and Hachette (+26.43% to 1.41 euros) in Paris. Vivendi's market capitalization is now divided by four compared to the end of last week and the effective split of the shares, at just over 2.5 billion euros.
Hops
(-23.75% to 0.006 euros) sees its price collapse after the presentation on Friday of its draft recovery plan, which provides for a capital increase for the first quarter of 2025 with a target amount of 8 million euros , implying significant dilution for shareholders who do not or partially participate. This decision “is a continuation of the strategic refocusing of its activity on the development of fuel cell systems for the heavy transport market”, specifies the company.
Macroeconomic figures
In France, the manufacturing purchasing managers' index (PMI) stood at 41.9 in December against a consensus of 43.2 after 43.1 in November, S&P Global said. The services PMI stood at 48.2 versus the consensus 46.9 after 46.9 the previous month.
In Germany, the manufacturing purchasing managers' index (PMI) stood at 42.5 in December against a consensus of 43.1 after 43 in November, S&P Global said. The services PMI stood at 51 against the consensus 49.5 after 49.3 the previous month.
In the euro zone, the manufacturing purchasing managers' index (PMI) stood at 45.2 in December against a consensus of 45.3 after 45.2 in November, S&P Global indicated. The services PMI stood at 51.4 versus the consensus 49.5 after 49.5 the previous month.
In the United States, purchasing managers' indices for the manufacturing and services sectors in December will be published at 3:45 p.m.
Around 12:05 p.m., the euro fell 0.27% to 1.0491 dollars.
