Due to the political crisis in France, the CAC 40 and banking stocks closed in negative territory. Airbus is the biggest riser in the flagship Parisian index.
The market trend
The threat of a motion of censure, which could bring down the French government, as well as the increase in the gap between German sovereign rates have caused the Paris Stock Exchange and banking stocks to decline.
On the index side in France and around the world
| CAC 40 | – 0,72% | 7 143,03 points |
| SBF 120 | – 0,69% | 5 420,15 points |
| DAX | – 0,18% | 19 261,70 points |
| FTSE 100 | + 0,20% | 8 274,75 points |
| Nikkei | – 0,80% | 38 134,97 points |
| Dow Jones* | + 0,05% | 44 881,22 points |
| Nasdaq* | – 0,90% | 19 002,22 points |
| *index stopped at the close of European stock markets | ||
Fact of the day
The Paris Stock Exchange fell a little more sharply than certain European markets, due to the political crisis and the threat of a motion of censure agitated by the opposition to the government. If adopted, it would bring down the government as well as the draft budget for the year 2025.
This crisis also has effects on the sovereign debt market. The gap between French and German borrowing rates continues to widen. In this context, banking stocks fell. Among the biggest declines, Axa closed down 4.31% to 32.21 euros, Société Générale down 3.48% to 24.55 euros.
On the other side of the Atlantic, the markets took note of the PCE inflation index in October, an index particularly scrutinized by the Fed. Over one year, inflation rebounded to 2.3% compared to September (2.1%), in line with analysts' expectations.
Values in view
The Top
Airbus had a good session and finished at the top of the CAC 40. The title was boosted by the announcement by the engine manufacturer CFM to reallocate part of its production to European manufacturers. This news should allow it to achieve part of its delivery objectives. Airbus shares closed up 1.96% at 139.38 euros.
Le Flop
Soitec achieved the biggest drop in the SBF 120. After several sessions of strong increases, the stock of the company specializing in semiconductors fell by 6.06% to 78.30 euros.
The number of the day
320,10 cents
Due to the drought in Brazil, the pound of Arabica, the most expensive and best-selling variety, reached a record high since 1977 in New York on Wednesday.
The agenda for Thursday, November 28
American stock markets will remain closed to celebrate Thanksgiving. In the Eurozone, the consumer confidence index will be published at 11 a.m. before discovering German inflation for November at 2 p.m.
Among the expected results, Rémy Cointreau will publish its half-year results for the 2024-2025 financial year.
Editorial recommendations
The group Vivendi held two investor days to detail the ambitions of Canal+ and Havas before the split and listing of the two entities. The subsequent drop in the stock shows the disappointment of investors. Our action advice on Vivendi.
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