European stock markets are expected to be hesitant this Wednesday at the opening of the session. The CAC 40 should gain 0.06%. Investors are cautious ahead of the Fed’s decision this evening and will be paying attention to President Jerome Powell’s speech, as well as the central bank’s updated forecasts. It should lower its rates by 25 basis points. On the values side, yesterday, Crédit Agricole SA appointed Olivier Gavalda to the position of general manager. On the statistical side, inflation in the United Kingdom increased, at an annual rate, by 2.6% in November after +2.3% in October.
Values to follow today
Credit Agricole
Meeting on December 17, 2024, the Board of Directors of Crédit Agricole SA, under the chairmanship of Dominique Lefebvre, and on the proposal of the Appointments and Governance Committee, decided to appoint Olivier Gavalda as Chief Executive Officer of Crédit Agricole SA , following the General Meeting of May 14, 2025. The transition within the general management of Crédit Agricole SA will be organized over the coming months.
Drone Volt
Drone Volt, manufacturer of professional civilian drones and expert in embedded solutions, announces “the implementation of a strategic plan to rationalize its costs in order to confirm its trajectory towards profitability”. In this context, the group will close its subsidiary Aerialtronics, which “employs 3 employees and records low turnover”. The Belgian subsidiary will also be closed, its employee taken on as a service provider and its turnover will now be recorded by Drone Volt France.
Theranexus
Theranexus announces that its available cash flow as of December 12, 2024 stands at 1.5 million euros compared to 1.9 million euros as of September 30, 2024. This biotech specialist in the treatment of rare neurological diseases anticipates the short-term strengthening of this position for a total of 4.8 million euros, taking into account the collection of several payments due in the coming weeks. The receipt of the above-mentioned amounts will allow the company to extend its cash flow horizon from the end of the first quarter of 2025 to the end of the first quarter of 2026.
Voltalia
Voltalia, a specialist in renewable energies, has entered into a partnership with three brands: Auchan, Décathlon and Leroy Merlin. “This collaboration provides for the installation and operation of charging points for electric vehicles in more than 350 car parks in France, helping to support their customers towards more sustainable mobility. These infrastructures will be installed and operated by the electric mobility subsidiary of Voltalia , operating under the Yusco brand”, details the renewable energy specialist in a press release.
Macroeconomic figures
On an annual basis, in the United Kingdom, consumer prices rose to 2.6% in November as expected after 2.3% the previous month. On a monthly basis, they increased by 0.1% in November after +0.6% in October.
In the euro zone, data on inflation in November will be published at 11 a.m.
In the United States, data on building permits in November and data on housing starts in November will be published at 2:30 p.m.
Data on crude oil stocks in the United States will be known at 4:30 p.m.
The Fed will make its monetary policy decision at 8 p.m.
Around 8:30 a.m., the euro gained 0.17% to 1.0511 dollars.
Yesterday in Paris
European indices ended on a mixed note after several statistics and on the eve of the Fed’s decision. A further easing of 25 basis points is expected. In terms of values, Vivendi plunged after yesterday’s surge, penalized by a lowering of recommendation from Deutsche Bank. For its part, Sanofi finally closed at the top of the flagship index of the Parisian market after positive results against inflammatory bowel diseases. The CAC 40 gained 0.12% to 7,365.70 points while the Eurostoxx 50 fell 0.13% to 4,940.52 points.
Yesterday on Wall Street
American stock markets closed in the red, before the Fed’s decision on Wednesday evening. A further easing of 25 basis points is expected. Retail sales came out better than expected in November. On the value side, Pfizer posted the largest increase in the S&P 500 after announcing its 2025 forecasts in line with expectations. The pharmaceutical company expects adjusted earnings per share of between 2.80 and 3.00 dollars (compared to 2.88 expected). The Dow Jones lost 0.61% to 43,449 points while the Nasdaq fell 0.32% to 20,109 points.
source: AOF
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