(Boursier.com) — THE TREND
The CAC 40 showed a slight decline this Tuesday in Paris at the opening despite the new records broken on Wall Street last night and the 3rd rate cut expected on Thursday at the initiative of the ECB… The CAC40 lost 0. 25% to 7,580 points, weighed down by the oil sector which clearly corrects its surge of last week, in the wake of Brent which falls below $75. In companies, the first quarterly accounts are feverishly awaited with LVMH this evening in a luxury sector, still listening to recovery measures in China. Remarks from the Chinese Finance Minister which were expected this weekend left markets uncertain about the general scale of these economic decisions… The limited scope of efforts to stimulate consumption remains a major concern for investors, especially after data released on Sunday showed that consumer price inflation fell unexpectedly in China in September, adding to producer price deflation…
WALL STREET
Wall Street set new records on Monday, while Nvidia remains a driving force by returning to its historic peaks… Thus at the close, the S&P 500 gained +0.77% to 5,859 pts after a new session record of 5,871.41 pts . The Dow Jones was also firm, up +0.47% to 43,065 pts and a historic record of 43,139 pts. The Nasdaq gained +0.87% to 18,502 pts, after the day’s high of 18,547 pts.
Several major events are expected this week in American economic and business news.
Economic and financial news will thus be particularly provided this week on the American market. Among the notable events, retail sales will be important on Thursday. On the business side, publications will accelerate, with in particular TSMC and Netflix, but also many other results, banking in particular…
On Tuesday, the New York Fed’s Empire State Manufacturing Index is due for October (FactSet consensus of 3), as the Fed’s Mary Daly, Adriana Kugler and Raphael Bostic will speak. On Wednesday, September import and export prices will be announced at 2:30 p.m.
Thursday, the program will be expanded, with the traditional weekly unemployment registrations (2:30 p.m., consensus 270,000), but also September retail sales (2:30 p.m., consensus +0.4%, or +0.2% excluding automobiles and +0 .4% excluding automobiles and gasoline), the Philadelphia Fed manufacturing index for October (consensus 3), as well as the industrial production figures for September (3:15 p.m., consensus -0.1%), the inventories and business sales for August (consensus +0.3% on inventories) and the NAHB American real estate market index (consensus 42 for October).
Finally, on Friday, housing starts and building permits for the month of September will be revealed at 2:30 p.m. (consensus 1.35 million for construction starts and 1.45 million for permits). Raphael Bostic, Christopher Waller and Neel Kashkari from the Fed will also speak during the day…
On the oil side, the barrel of WTI crude has lost almost 4% to less than $71. OPEC further lowered its global oil demand forecast on Monday to reflect data received this year. The intergovernmental organization said global oil demand is expected to increase by 1.93 million barrels per day this year (2.03 million previously expected). This is the third consecutive monthly reduction in these forecasts, representing a drop of 106,000 barrels per day compared to the previous estimate. China represents the bulk of the revision, with growth expectations of 580,000 bpd now compared to 650,000 previously. OPEC also reduced its expectations for 2025, expecting growth in global demand of 1.64 million barrels per day, compared to 1.74 million previously.
The euro/dollar parity reached $1.09 this morning. An ounce of gold fell to $2,642. Bitcoin is at $65,315.
VALUES TO FOLLOW
Air France KLM rises by 4% followed by Chargeurs (+3%), Inventiva
Vicat : +2.5% with Seb
Mersen : +1.5% followed by Eutelsat, Teleperformance, Edenred, Accor, Elis and Amundi
JCDecaux (+1%) confirmed that its subsidiary in Brazil won the Urban Furniture for Information (MUPI) contract in Rio de Janeiro, following a call for tenders.
JCDecaux Brazil will operate at least 225 fully digital MUPIs located in strategic locations across the city, near bike-sharing stations, metro stations, pedestrian zones and busy roads. This 20-year contract allows JCDecaux to expand its activities to all areas of the city, including the South Zone neighborhoods, such as Copacabana, Ipanema and Leblon.
JCDecaux recalls that it has been present in Rio de Janeiro since 2016, operating bus shelters, clocks and MUPIs.
Saint-Gobain (+0.6%) announces that it has entered into a definitive agreement for the acquisition of Kilwaughter, a leading player in facade mortars in the United Kingdom and Ireland with the “K Rend” and “K Systems” brands. Kilwaughter operates a production facility near Larne in Northern Ireland which generated a turnover of approximately £50 million in 2024 (financial year ending at the end of April).
The transaction is expected to be completed in the first half of 2025 and is subject to the satisfaction of customary conditions. This acquisition is part of Saint-Gobain’s strategic plan “Grow & Impact” which aims to consolidate the Group’s leading position and accelerate its growth dynamic by expanding its range of solutions for the construction markets. sustainable.
Atos (+0.5%) announces the appointment of Philippe Salle as Chairman of the Board of Directors of the Company as of October 14, 2024 and as Chairman and Chief Executive Officer as of February 1, 2025.
In the context of the Group’s financial restructuring, the Nominations and Governance Committee, chaired by Elizabeth Tinkham, lead director, conducted a rigorous selection process, with the help of an internationally renowned recruitment firm and in consultation with certain creditors of the Company.
At its meeting on October 14, 2024, the Board of Directors unanimously approved, on the recommendation of the Nominations and Governance Committee:
*the co-optation of Philippe Salle as director, it being specified that the ratification of this co-optation will be submitted to a vote of shareholders at the next annual General Meeting;
*his appointment as Chairman of the Board of Directors with immediate effect; And
*his appointment as Chairman and Chief Executive Officer from February 1, 2025.
FALLING VALUES
TotalEnergies drop of 4%. Like every quarter, TotalEnergies publishes its main indicators and elements affecting the aggregates of the previous three months. The European refining margin indicator (ERM) stood at $15.4 per tonne, compared to $44.9 in the previous quarter and $100.6 in the third quarter of 2023. This market indicator for European refining , calculated on the basis of public market prices, uses a basket of crude oils, petroleum product yields and variable costs representative of TotalEnergies’ European refining tool.
The average price of Brent stood at $80.3 compared to $85 in the previous quarter with an average selling price of liquids of $77 compared to $81 in the previous quarter and $78.9 over the same period of the 2023 financial year. .
Hydrocarbon production is expected at 2.4 Mboe/d over the quarter, benefiting from the ramp-up of the Mero 2 project in Brazil, partially offsetting unplanned outages at Ichthys LNG and for security reasons in Libya. Exploration-Production results will reflect the drop in liquids valuation offset by the increase in gas prices. Downstream results are expected to decline sharply given the very sharp drop in refining margins in Europe and the rest of the world.
Maurel & Prom down 2% with Esso, Vallourec, TECHNIP Energies
Ubisoft : -1.5% followed by L’Oreal, SoiTec, LVMH, Nexity and Dior
Seymour Whyte, a subsidiary of Vinci (stable) Construction in Australia, won – as part of a group of companies with John Holland (50/50) – the contract to modernize a railway section located between Beerburrum and Nambour in the south-east of the State of Queensland.
The work, worth 432 million euros (695 million Australian dollars), will begin in 2025 for a duration of two years. They cover the doubling and realignment of rails, the modernization of a parking lot and signaling systems. They also include the construction and renovation of several viaducts.
This project constitutes the first phase of the renovation of the North Coast Line on behalf of the Department of Transport and Main Roads. This renovated and modernized line will increase traffic and optimize passenger and freight transport in a growing region.
In 2023, the group had already been designated for the preparatory phase which included design, consultation with stakeholders, geotechnical reconnaissance work and obtaining environmental and archaeological authorizations.
bioMérieux (stable) announced the CE marking of VIDAS(R) VITAMIN B12 TOTAL, an automated quantitative test running on the VIDAS immunoassay platform to measure the total concentration of vitamin B12 in human serum or plasma.
Vitamin B12, also known as cobalamin, is essential for well-being and cellular metabolism. This micronutrient, present mainly in food products of animal origin – particularly meat, fish, eggs and dairy products – is necessary for the normal functioning of the central nervous system, for DNA synthesis and for proper development. red blood cells.
Measuring vitamin B12 levels can help optimize patient care, knowing that a deficiency may be linked to anemia or neurological symptoms, including cognitive difficulties or altered gait.
VIDAS VITAMIN B12 TOTAL is an automated quantitative test to assess vitamin B12 concentration in adults with suspected vitamin B12 deficiency or in at-risk adults with low vitamin B12 levels.
This new test works on all VIDAS immunoassay instruments, which provide laboratory personnel with increased throughput and full traceability of diagnostic results. VIDAS VITAMIN B12 TOTAL completes the VIDAS routine test offering and strengthens the range of tests targeting anemia.
