Paris (Agefi-Dow Jones)–The CAC 40 is expected to fall slightly on Monday, although the United States narrowly avoided a budgetary paralysis, or “shutdown”. This week will be marked by low trading volumes on the markets, due to the end-of-year holidays.
Around 8:50 a.m., the futures contract on the flagship index of the Parisian stock market fell by 0.2%, according to data from broker IG.
On Saturday, the American Congress adopted a law which ensures funding for the federal state until mid-March, thus allowing the United States to narrowly avoid a budgetary paralysis, or “shutdown”.
Trading volumes are likely to be limited on Monday, at the start of a week marked by the end-of-year holidays. On Tuesday, Christmas Eve, the Paris Stock Exchange will close early and there will only be half a session on Wall Street. On Wednesday, markets will be closed in Europe and the United States for Christmas. European markets will also be closed on Thursday.
In the United Kingdom, gross domestic product (GDP) ultimately “did not grow” in the third quarter of this year, compared to the second. Over the period, the British economy stagnated, the National Statistics Office (ONS) indicated on Monday, while the first estimate, published on November 15, showed an increase of 0.1%.
Among the member companies of the SBF 120 index, Sanofi announced the launch of a phase 3 trial for its pneumococcal vaccine VPC21 and the expansion of its collaboration with the South Korean company SK Bioscience, in order to develop a new generation of pneumococcal conjugate vaccines.
VusionGroup has signed an agreement with Walmart to extend the deployment of its solutions to all of the American mass distribution group's 4,600 stores in the United States. “The additional order intake of around 1 billion euros corresponding to this signature will be included in the figures for the coming quarters,” said the electronic label specialist in a press release.
Medincell, Planisware and Robertet shares join the SBF 120 index on Monday, replacing Casino, Euroapi and Eutelsat. Bureau Veritas joins the CAC 40, replacing Vivendi.
On Saturday, BNP Paribas signed the agreement to acquire the asset management activities of insurer Axa, grouped within Axa Investment Managers (Axa IM).
Friday evening, Unibail-Rodamco-Westfield announced that it had reached an agreement to sell 80% of its stake in the Trinity Tower in Paris to the Norwegian sovereign wealth fund Norges Bank Investment Management. The transaction will be carried out on the basis of a valuation of 450 million euros for 100% of the real estate complex, specified the commercial property company.
This Monday, Eurofins Scientific is launching its fourth share buyback program since 2022. This program, covering an amount which could represent up to 2% of the analytical laboratory's share capital, will run until December 22, 2026. later.
Ipsos has received approval from the German competition authorities to buy the Hamburg survey research group infas.
-Dimitri Delmond, Agefi-Dow Jones; [email protected] ed: ACD
Agefi-Dow Jones The financial newswire
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December 23, 2024 02:51 ET (07:51 GMT)
