Rise in the CAC 40 in a vacuum thanks to Wall Street – 12/24/2024 at 12:58

(AOF) – European markets are progressing in the wake of Wall Street, which experienced a favorable second part of the session. On Christmas Eve, the Paris Stock Exchange will close at 2 p.m. The one in Frankfurt is closed today. News on the business front is scant and today's economic agenda is blank. Around 1 p.m., the CAC 40 gained 0.54% to 7,311.23 points while the FTSE 100 gained 0.57% to 8,148.67 points. Paris will be closed Wednesday and Thursday. The volumes traded remain very low.

A Europe,

AstraZeneca

(+ 1.41% to 12.30 pence) progresses on the London Stock Exchange despite the announcement of the decision taken with Daiichi Sankyo to withdraw the application for marketing authorization (AMM) in the Union European Commission for datopotamab deruxtecan (Dato-DXd) for the treatment of adult patients with locally advanced or metastatic non-squamous non-small cell lung cancer (NSCLC). The group specifies that the decision was taken based on comments from the Committee for Medicinal Products for Human Use of the European Medicines Agency (EMA).

Red lantern of the CAC 40 this year,

STMicroelectronics

lost more than 49% to 25.29 euros, even if it gained 2.68% today in the wake of the good stock market performance of several big names in the sector yesterday in the United States, including Nvidia. The Franco-Italian group has issued 3 warnings since January 1 and postponed its target of 20 billion in revenue by 3 years to 2030, at the end of November. This year, the semiconductor maker was mainly hurt by weaker-than-expected demand for its products aimed at the automotive and industrial sectors.

The aeronautical equipment manufacturer

Latecoere

revealed improved accounts in the first half thanks in particular to the progression of its activity. It recorded a net loss, group share of 49.3 million euros, compared to a loss of 59.6 million euros in the first half of 2023. Recurring Ebitda is negative at 1.8 million euros. euros, an improvement compared to the loss of 17.6 million euros recorded a year earlier. On the stock market, Latecoere shares gained 3.30% to 0.0094 euros.

Today's macroeconomic figures

Around 11:30 a.m., the euro fell 0.10% to 1.0394 dollars.