THE TREND
(Boursier.com) — Well below 7,400 points, the CAC 40 started the session in the red this morning (-1.05% to 7,350 points in the first half hour of trading) losing the ground gained yesterday (+1 .20%).
The markets are awaiting the first indicators this Tuesday which should make it possible to confirm the trajectory of the European economies with final inflation in Germany or even data on unemployment in the United Kingdom. CPI inflation in the United States, which will be published on Wednesday, as well as producer prices will also be scrutinized tomorrow.
In terms of currencies, the dollar reached a four-month high against the Euro at $1.0625, supported by investors who continue to bet on American stocks after Donald Trump’s victory.
WALL STREET
The US rating remained oriented in the green on Monday, at the top while awaiting a battery of statistics and in particular certain inflation figures this week in the United States… It is especially Tesla which stands out once again on the rise , continuing its rally from last week (+8.9%!). The main Wall Street indices are therefore still breaking records, still in the wake of the election of Donald Trump last week: The S&P 500 even exceeds 6,000 pts, at 6,001 points, up 0.1%, while the Dow Jones gained 0.69% to 44,293 pts. The Nasdaq rose 0.06% to 19,298 pts.
ECO AND CURRENCIES
Europe :
– Final German consumer price index. (08:00)
– British employment figures. (08:00)
– German ZEW economic sentiment index. (11:05 a.m.)
The euro/dollar parity reached $1.0636 this morning. A barrel of Brent is trading at $71.71. An ounce of gold sells for $2,606.
RISING VALUES
Much & Cie (+2.25% to 11.30 Euros): over the first 9 months of the year, the consolidated turnover of the operating subsidiaries stood at 879.7 million euros, compared to 804.9 million euros over the same period in 2023, up 9.3% at current exchange rates. At constant exchange rates, turnover increased by 11.1% to 894 million euros. Viel & Cie continues to grow its activity in the 3rd quarter of 2024 with a turnover of 282.4 million euros, up 12.4% at current exchange rates. At constant exchange rates, quarterly turnover shows an increase of 14.1%.
FALLING VALUES
Bureau Veritas (-0.90% to 28.72 Euros) announces the acquisition of Versatec Energy BV, an independent technical consulting company specializing in the offshore and onshore energy industry. This acquisition is part of the LEAP strategy | 28 to create a new stronghold in the fast-growing renewable energy segment. This transaction underlines the Group’s commitment to energy transition and consolidates its position as a key player in building a sustainable and secure energy sector.
TURNOVER/RESULTS
Forsee Power
THE LATEST “RECOS” FROM ANALYSTS…
– RBC Capital begins monitoringEiffage with an ‘outperform’ rating and a target of 125 euros.
– RBC Capital initiates coverage of Vinci with an ‘outperform’ rating and a target of 130 euros.
– Morgan Stanley lowers its target to Air France KLM from 7.1 to 6.45 euros (‘underweight’).
– Goldman Sachs adjusts the look south Nexans from 125 to 127 euros (‘neutral’).
MARKET INFO
DBV Technologies announces its intention to modify the AD ratio
IN BRIEF
Dekuple takes control of CoupdePoing
