(AOF) – European stock markets are moving into negative territory, still impacted by Donald Trump's statements on customs duties. Paris stands out unfavorably, weakened by the increase in French political risk. This is evidenced by the widening of the Franco-German spread to 87.5 points after reaching its highest since 2012. The government led by Michel Barnier could be subject to censure. In this context, the Parisian index is weighed down by financial stocks. In Paris, the CAC 40 fell by 1.18% to 7,109.34 points and the EuroStoxx 50, by 0.98% to 4,715.48 points.
Easyjet
(+1.48% to 548.40 pence) posted one of the biggest increases in the Footsie 100 after the presentation of its annual results and favorable outlook. The low-cost airline announces that its taxable profit reached £610 million, up 34% year-on-year, due to a record performance last summer, with turnover up 14 % to 9.3 billion pounds. Jefferies remains a buy on the stock with a price target of 680 pence, particularly welcoming the performance of the Holidays division.
Teleperformance
(-3.72% to 84.98 euros) shows one of the strongest declines in the CAC 40. The group announced last night the signing of a definitive agreement with the Kinderhook Industries fund with a view to the acquisition of ZP Better Together. The acquisition price of this specialist in linguistic solutions and platforms intended for deaf and hard of hearing people is set at $490 million, subject to customary adjustments. This acquisition should, according to UBS, restrict the room for maneuver available to the group to launch a new share buyback program.
Lumibird
jumped 9.42% to 7.90 euros and is in second place on the SRD market. Responding to market rumors, the laser technology specialist confirmed that it is currently exploring the potential sale of its medical division. Lumibird specifies that it is “at a very preliminary stage of the process and there is no certainty as to its outcome”. The company will communicate in due time, in accordance with current regulations.
Today's macroeconomic figures
Household confidence deteriorated again in November, INSEE indicated this Wednesday. At 90, the indicator which summarizes it decreases by three points and remains below its long-term average (100 between January 1987 and December 2023).
In the United States, household income and consumption in October, but also the PCE price index in October are expected at 2:30 p.m., at the same time as the new estimate of GDP in the third quarter, orders for durable goods in October and weekly unemployment claims. Promises for real estate sales in October will be known at 4:30 p.m.
The weekly evolution of oil stocks is expected at 4:30 p.m.
Around 12:30 p.m., the euro gained 0.23% to 1.0512 dollars.
