(AOF) – Up sharply yesterday at the close, the European stock markets started this second session of the week in the red before moving into the positive zone, with the exception of the British footsie. Inflation in the euro zone in December was in line with forecasts, at 2.4%, while unemployment stagnated at 6.3% in November, according to data provided by Eurostat. In terms of values, Sodexo is sinking after a disappointing quarterly performance. The CAC 40 rose by 0.55% to 7,486 points while the EuroStoxx 50 rose by 0.43% to 5,008 points.
To London,
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rose 3.24% to 9,861 pence. The British retail group, which recorded better-than-expected Christmas sales, raised its annual profit forecast for the fourth time in a year after reporting stronger-than-expected growth in non-promotion sales for the nine weeks to December 28: + 6% compared to the previous year. “The conditions are met for another satisfactory year for shareholders,” notes Jefferies, Buy on the stock.
In the green yesterday,
Sodexo
brings up the rear of the SBF 120 index, falling 9.15% to 71.95 euros. The collective catering specialist revealed disappointing first quarter revenues on Tuesday while confirming its annual objectives. The group posted a turnover up 1.9% to 6.4 billion euros, over the period from September to November 2024. Analysts were expecting a turnover of 6.5 billion euros. euros, organic growth of 5.3% (compared to growth of 4.6%).
Unibail RW
(+2.85% to 76.42 euros) peaks at the top of the CAC 40 index after Jefferies’ increase in recommendation. The broker moves from Hold to Buy with a price target raised from 73 to 92 euros, estimating that “the dynamic which is building on the stock should improve next year” and that “the redefinition of the American strategy should act as a catalyst. The net debt which has been reduced drastically “is expected to reach 23 billion euros at the end of 2025”.
Today’s macroeconomic figures
Over one year, according to the provisional estimate made at the end of the month by INSEE, consumer prices in France would increase by 1.3% in December 2024, as in November. The slight rebound in energy prices would be offset by the slightly more pronounced drop than in November in the prices of manufactured products and by the slowdown in those of food which should stabilize. The prices of services and tobacco should evolve over a year at the same rates as those of the previous month.
The euro zone inflation rate is estimated at 2.4% in December 2024, at an annual rate compared to 2.2% in November according to a rapid estimate published by Eurostat, the statistical office of the European Union. It meets expectations.
The euro area’s seasonally adjusted unemployment rate was 6.3% in November, stable compared to the rate recorded in October 2024 and down from the rate of 6.5% recorded in November 2023. EU unemployment stands at 5.9% in November 2024, also stable compared to the rate recorded in October 2024 and down from the rate of 6.1% recorded in November 2023. These figures are published by Eurostat, the statistical office of the European Union.
Data on the trade balance in November in the United States will be known at 2:30 p.m. before the non-manufacturing purchasing managers’ index (ISM) in December and the Jolts report on job openings in November at 4:00 p.m.
At mid-session, the euro advanced 0.41% to 1.0432 dollars.
