(AOF) – European markets closed in the negative zone during a session mainly dominated by the victory of Donald Trump. Wall Street opened sharply higher with new records for the Dow Jones and the S&P 500. As a result of the election, the dollar is showing a clear rise. Stocks linked to oil exploration were sought after. On the other hand, Rémy Cointreau and Pernod Ricard fell, penalized by the prospect of increased customs duties in the United States. The CAC 40 fell by 0.51% to 7,369.61 points and the EuroStoxx 50 by 1.53% to 4,795.77 points.
A Europe,
Novo Nordisk
(+0.55% to 749.50 Danish crowns) finished in the green after the announcement of a 22% jump in its operating profit over the first nine months of 2024, to 91.60 billion Danish crowns ( 12.28 billion euros. The Danish pharmaceutical laboratory is riding the craze for its anti-diabetes and anti-obesity drugs with net sales up 24% to 204.72 billion crowns (27.45 billion euros). euros).
Strongest decline in the CAC 40,
Crédit Agricole SA
fell 3.77% to 13.77 euros due in particular to the disappointing performance of its insurance business in the third quarter. Last week, investors sanctioned the results of BNP Paribas and welcomed the publication of Société Générale. Between July and September, Crédit Agricole SA generated net profit, group share, down 4.7% to 1.666 billion euros.
STMicroelectronics
(-0.77% to 26.49 euros) ended in the red while technology stocks were at the start of the session supported by the victory of Donald Trump, who should continue deregulation. The semiconductor maker last week issued its third warning since the start of the year due to its exposure to automobiles and manufacturing: the decline in revenue between the fourth quarter of 2024 and the first quarter 2025 is expected to be well above normal seasonality.
Today's macroeconomic figures
In Germany, industrial orders increased by 4.2% in September while they were expected to increase by 1.6%. They fell by 5.4% in August.
In France, the Composite Purchasing Managers' Index (PMI), which takes into account the manufacturing and services sectors, stood at 48.1 in October against a consensus of 47.3, S&P Global indicated. It was 48.6 in September. In detail, the PMI for services increased from 49.6 to 49.2 between September and October. It was expected at 48.3.
In Germany, the Composite Purchasing Managers' Index (PMI), which takes into account the manufacturing and services sectors, came in at 48.6 in October compared to a consensus of 48.4, S&P Global said. It was 47.5 in September. In detail, the PMI for services increased from 50.6 to 51.6 between September and October. It was expected at 51.4.
In the euro zone, the Composite Purchasing Managers' Index (PMI), which takes into account the manufacturing and services sectors, stood at 50 in October against a consensus of 49.7, S&P Global indicated. It was 49.6 in September. In detail, the PMI for services increased from 51.4 to 51.6 between September and October. It was expected at 51.2.
In September, industrial producer prices fell by 0.6% in the euro area and the European Union, compared to August, according to estimates from Eurostat, the statistical office of the European Union. In August 2024, industrial producer prices had increased by 0.6% in the euro area and by 0.4% in the EU. In September 2024, compared to September 2023, industrial producer prices decreased by 3.4% in the euro area and by 3.3% in the EU.
At the close, the euro fell by 1.79% to 1.0734 dollars.
