(CercleFinance.com) – Down 0.9% to nearly 7,315, the CAC40 begins 2025 in the red, after a much duller past year on the Paris Stock Exchange than on other major Western markets.
Over the whole of 2024, the flagship Parisian index has in fact fallen by a little more than 2.1%, going against the trend of the FTSE in London (+5.7%), and above all well far from the DAX in Frankfurt (+18.8%), as well as the S&P500 (+23.3%) or the Nasdaq (+28.6%) in New York.
While Wall Street took full advantage of the enthusiasm for AI and the hopes raised by Donald Trump's victory, Paris suffered from a more difficult context, particularly due to political uncertainties since the dissolution of the Assembly. national.
'However, the general outlook for eurozone equities depends more on growth and profit fundamentals than on French policy,' said Claudia Panseri, CIO at UBS WM France, in a note published on December 20.
While she said she expects a slow recovery in euro zone profits in 2025, she saw reasons for optimism for this year, including a more stable German coalition and progress in peace talks between Russia and Ukraine.
For this first session of the year, operators took note of the PMI indices for the manufacturing sector for the month of December, in France and in the euro zone this morning. We expect the publication of the index in the United States this afternoon.
Falling from 43.1 in November to 41.9 last month, the HCOB PMI for French manufacturing, produced by S&P Global, signaled the sharpest deterioration in manufacturing conditions since May 2020.
The HCOB PMI index for the euro zone manufacturing industry, produced by S&P Global, fell very slightly from 45.2 in November to 45.1 in December, illustrating a continued deterioration in the sector's economic situation for two years and a half.
In stock news, we will only note the announcement by Wavestone of the launch of a share buyback campaign covering a maximum amount of 10 million euros, a campaign which will end on March 31 at the latest.