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Further decline expected on European markets – 11/27/2024 at 08:32

(AOF) – European markets are expected to be on a bearish note. Yesterday, Wall Street ended in a positive zone, driven by technology and after the Fed minutes. Federal Reserve officials appeared divided on the extent of future interest rate cuts. The US PCE index will be closely monitored early this afternoon. On the geopolitical front, a ceasefire came into force between Israel and Hezbollah, as part of an agreement negotiated by the United States and . In Tokyo, the Nikkei index fell by 0.8%, penalized by automobile stocks.

Values ​​to follow today

Aramis

Aramis posted a gross margin up 28.9% over the past year, for an annual turnover up 15% to 2.23 billion euros. The specialist in the online sale of used cars to individuals highlights the “strong growth” (+21.9%) in the volumes of vehicles sold to individuals, in “clear outperformance compared to the used car market” . “The used vehicle market continued to normalize in 2024, returning to traditional balances with prices well below the levels reached at the peak of the crisis,” comments the group.

Neons

Neoen, a specialist in the production of exclusively renewable energy, announces a revision of its 2024 adjusted Ebitda target. It is now expected between 475 and 490 million euros, compared to a previous range of 530 to 560 million euros. “This revision has no impact on the current transaction with Brookfield, the completion of the public tender offer [OPA] still planned for the first quarter of 2025”, the group specified in a press release. Neoen also confirmed its ambition to see its adjusted Ebitda exceed 700 million euros in 2025.

Teleperformance

Teleperformance announced the signing of a definitive agreement to acquire ZP Better Together, an American specialist in language solutions and technological platforms for deaf and hard of hearing people, from the investment company Kinderhook. ZP has experienced double-digit average annual revenue growth over the past seven years and expects to achieve revenue of more than $230 million in 2024.

Valneva

Valneva announces that it has submitted an application for an extension of indication for its chikungunya vaccine Ixchiq to the US Food and Drug Administration (FDA). The objective of the vaccine specialist is to expand the use of its product to adolescents aged 12 to 17 years, after requests for extension of indication submitted to the European Medicines Agency (EMA) and Health Canada. two months ago, based on positive Phase 3 data obtained in adolescents announced in May 2024.

Macroeconomic figures

8:45 a.m. in France

Household morale

2:30 p.m. in the United States

Household income and consumption in October

PCE Price Index in October

New estimate of GDP in the third quarter

Weekly unemployment registrations

Durable goods orders in October

4:00 p.m. in the United States

Real estate sales promises in October

4:30 p.m. in the United States

Weekly evolution of oil stocks

Weekly evolution of gas stocks

Around 8:30 a.m., the euro crumbled by 0.02% to $1.0485.

Yesterday in

European stock markets ended in the red, not having digested Donald Trump's statements the day before on customs duties. The future tenant of the White House has relaunched its commercial offensive against China, Mexico and Canada. The automotive sector made a grimace, like Stellantis which brought up the rear of the flagship index of the Parisian market. Among the many American statistics on tomorrow's menu, the PCE index will be one to watch. The CAC 40 fell by 0.87% to 7,194 points while the EuroStoxx 50 lost 0.79% to 4,762 points.

Yesterday on Wall Street

US stock markets closed in the green after the Fed's minutes. These last few hours have been marked by declarations from Donald Trump, who intends to impose customs duties of 25% on all products from Mexico and Canada on his first day in office. The Dow Jones recorded a new record as did the S&P 500. The day's economic statistics came out in line with expectations. The Dow Jones rose 0.28% to 44,860 points while the Nasdaq gained 0.63% to 19,174 points.

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