THE TREND
(Boursier.com) — The precedence indicators announce a CAC 40 quite close to its closing level yesterday. It should therefore remain above 7,500 points, after going up to 7,475.78 points yesterday.
Many Fed officials are speaking out this week, as market forecasts now call for a quarter-point rate cut at the next monetary meeting, rather than a new strong gesture of half point. On Tuesday, Governor Adriana Kugler indicated that she strongly supported the Fed’s decision last month to cut rates by 50 basis points to begin its easing cycle. She favors further rate cuts if inflation continues to ease. According to the CME FedWatch tool, there is now more than 88% probability that the Fed will lower its rates by a quarter of a point on November 7, at the end of the next monetary meeting.
WALL STREET
At the close of the market, Wall Street rebounded this Tuesday, stimulated in particular by the surge in Nvidia. The S&P 500 is very firm with a gain of +0.97% to 5,751 pts. The Dow Jones gained +0.3% to 42,080 pts. The Nasdaq soars +1.45% to 18,182 pts.
ECO AND CURRENCIES
UNITED STATES :
– Wholesaler stocks. (4:00 p.m.)
– Minutes du FOMC (Fed). (20h00)
Europe :
– German exports. (08:00)
– German trade balance. (08:00)
The euro/dollar parity reached $1.0966 this morning. A barrel of Brent is trading at $77.72. An ounce of gold sells for $2,613.
VALUES TO FOLLOW
Thales has decided to pay an interim cash dividend of 0.85 euros per share for the current 2024 financial year. This deposit will be detached on December 3 and paid on December 5, 2024. Thales will also reduce its capital by canceling 4,268,227 treasury shares held in registered form, representing 2.03% of the share capital, with immediate effect. .
Cumulus Vape has signed a distribution agreement with British American Tobacco (BAT), distributor of the Vuse and Velo brands, representing more than 50% of the global market for so-called ‘closed’ systems.
Sanofi : new data on Beyfortus presented at IDWeek confirm its effectiveness in real-world situations against RSV infections and the risk of hospitalization in infants. Doses of Beyfortus continue to be shipped to meet global commitments ahead of the 2024-2025 RSV circulation season. A second production-filling line has been approved by regulatory authorities in the United States, Canada and Europe and will ensure the production of the majority of doses for the 2024-2025 season. A third filling line, which is expected to produce additional doses for the 2024-2025 season, has been approved by the European Medicines Agency and is being evaluated by the U.S. Food and Drug Administration.
Dry announced the appointment of Stefano Cantino as Managing Director of the Gucci brand, reporting to Francesca Bellettini, Deputy Managing Director of Kering in charge of Home Development. Stefano Cantino joined Gucci in May 2024 as Deputy Managing Director after a five-year career at competing brand Louis Vuitton. He will sit on the Kering Executive Committee, succeeding Jean-François Palus as of January 1, 2025.
TURNOVER/RESULTS…
Implanet, Ecomiam, Upergy
THE LATEST “RECOS” FROM ANALYSTS…
JP Morgan is still a buy on TotalEnergies with an unchanged price target of 72 Euros.
MARKET INFO
Capgemini: will repurchase 2.7 million shares to neutralize the dilution of the ESOP operation
Dolfines: end of the bond financing agreement with Negma
IN BRIEF
Klea Holding (formerly Visiomed): satisfied with Q3, Q4 is off to a good start…
Dassault Aviation: launches a combat drone program
Novacyt closes IT-IS and improves its EBITDA by £1m per year
