(CercleFinance.com) – The CAC40 rose by 1.2% to 7,505 points while the scenario of a fairly clear victory for the Republicans currently seems to be taking shape on the other side of the Atlantic.
'As we write these lines, the New York Times gives Donald Trump a 93% chance of winning a second term and predicts that the Republican Party will take control of both houses of Congress', underlines Panmure Liberum.
'In this context, the American indices are reacting positively, with the S&P 500 up more than 1%. But it is above all the Russell 2000, bringing together small American capitalizations, which stands out,' notes Saxo Bank.
'In Europe, the reaction is more moderate: fears of an aggressive trade policy and geopolitical tensions, particularly due to NATO policy changes, are weighing on the indices,' continues the Danish bank.
If their attention should remain monopolized by the American elections this morning, investors will also take note of several macroeconomic data in Europe, including the composite PMI indices for the month of October.
The HCOB PMI composite index of overall activity in France, calculated by S&P Global, fell from 48.6 in September to 48.1 in October, signaling the sharpest contraction in French private sector activity since last February.
The HCOB composite PMI index of overall activity in the euro zone stood at 50 in October, reflecting perfect stability in private sector activity, after having reflected a slight contraction by standing at 49, 6 the previous month.
In stock news in Paris, Crédit Agricole reveals net profit share of the underlying group up 10.9% for the third quarter of 2024, notably pointing to the growth of its savings management and insurance business.
Among the points of activity on Tuesday evening or in the morning, also include those of the investment company Eurazeo, the chemists Solvay and Arkema, the renewable energy producer Neoen and the credit insurer Coface.
