European stock markets are expected to be on a cautious note at the opening of this session this Tuesday. The CAC 40 should fall by 0.18%. This day will be marked by the presidential election in the United States. Americans are going to the polls to choose between Kamala Harris, Democratic candidate, and Donald Trump, Republican candidate. In addition, the markets will react to the results of the Bouygues group. The company announced this morning a 1% increase in its turnover over the first 9 months of 2024 to 41.5 billion euros. She also announced that she would maintain her outlook.
Values to follow today
Bouygues
Bouygues' turnover for the first nine months of 2024 stood at 41.5 billion euros, up 1% compared to the same period in 2023. This increase is mainly driven by Equans and Bouygues Construction. At constant scope and exchange rates, turnover increased by 2% year-on-year. The group's net profit amounted to 687 million euros, an increase of 22 million euros over one year. Current operating income from activities (ROCA) came to 1.72 billion euros, an increase of 96 million euros over one year.
Oeneus
In a difficult context for the wine and spirits market, the Oeneo group returned to growth in the second quarter (+1.5%) of its 2024-2025 financial year, thus continuing the gradual improvement in the trend observed for several quarters. Its turnover thus amounts to 78.7 million euros. This performance allows us to post, in the first half, a turnover very close to that achieved during the previous financial year: 153 million euros compared to 154.3 million euros.
Solutions 30
In the third quarter, Solutions 30 generated turnover of 225.4 million euros, down 10.1%. According to the specialist in solutions for new technologies, it reflects the continuation of the trends of the second quarter. It fell by 8.3% to 82.1 million euros in the Benelux. In this area, activity was “temporarily reduced in fiber in Belgium due to continued negotiations between operators with a view to pooling their investments”.
Vicat
Vicat's consolidated turnover in the third quarter of 2024 reached 979 million euros, up 0.7% at constant scope and exchange rates and down 6.6% on a reported basis, impacted by the negative development exchange rates and an unfavorable base effect. With growth of 26.8% at constant scope and exchange rates, the group's turnover in the third quarter of 2023 was marked by high levels of activity, particularly in the United States and India.
Macroeconomic figures
Data on industrial production in France in September will be published at 8:45 a.m.
In the United States, data on the trade balance in September will be published at 2:30 p.m.
At 3:45 p.m. in the United States, the purchasing managers index (S&P) for the services sector in October will be known. It will be followed at 4 p.m. by the purchasing managers' index (ISM) for the services sector in October.
Around 8:25 a.m., the euro gained 0.08% to 1.0888 dollars.
Yesterday in Paris
In the green at mid-session, the European indices ended in decline with the exception of the Foostie 100, on the eve of the American presidential election. In Europe, PMIs came out in line with expectations in October and still signal a contraction in the manufacturing sector. In Paris, Schneider Electric suffered the biggest decline in the CAC 40 index after the announcement of the surprise departure of its general director Peter Herweck. The CAC 40 lost 0.5% to 7371.71 points while the Eurostoxx 50 fell 0.42% to 4857.22 points.
Yesterday on Wall Street
American markets ended in the red on the eve of the presidential election. Although this promises to be close, some weekend polls indicate that Kamala Harris is gaining ground. On the statistical side, industrial orders fell by 0.5% in September in the United States after a drop of 0.8% in August. On the value side, Marriott fell back after issuing its second warning on its results since this summer. The Dow Jones lost 0.61% to 41794.60 points and the Nasdaq Composite lost 0.33% to 18179.98 points.
source: AOF
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