Airbus group: Driven by the increase in Airbus, the CAC 40 is gaining some ground

(BFM Bourse) – The Parisian index rose mid-session on Tuesday, supported by the increase in the aircraft manufacturer, noted for purchase by Deutsche Bank.

The CAC 40 is struggling to find direction. At mid-session on Tuesday, the Parisian index rose 0.32% to 7,380.79 points. But the trend appears fragile and the volumes exchanged (500 million euros around 12 p.m.) remain modest.

Investors risk limiting risk-taking before the outcome of the meeting of the American Federal Reserve (Fed) which begins this Tuesday and ends on Wednesday.

“There should be no major surprises from the Fed. A cut of 25 basis points (0.25 percentage points) is expected by 94% of market participants. However, the big unknown concerns the speed of the rate cut next year,” explains William Gerlach of iBanfirst.

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Airbus and Safran powered by Deutsche Bank

In terms of indicators, the markets are taking note of the drop in the Ifo, which gauges the morale of German investors. This index fell to 84.7 in December, compared to 85.6 in November, the lowest since May 2020.

On the value side, the CAC 40 is driven by two of its largest capitalizations, namely Airbus and Safran. Deutsche Bank has moved to purchase both stocks, judging that Airbus should better control its supply chain in 2025. For Safran, the bank believes that the recent decline in the stock after its disappointing investor day constitutes a point of improvement. entrance.

Luxury is trending well, with LVMH taking 1.3% and Hermès 1.45%. In a note published this Tuesday, HSBC reiterated its positive bias on the sector, with a buy advice on both stocks. The Sino-British bank reiterated that it saw signs of increases in sales in the United States.

Vivendi fell 7.25% after jumping 41.7% the day before, when the group split from Canal+, Havas and Louis Hachette Group.

On other markets, the euro lost 0.25% against the dollar to 1.0488 dollars. Oil is falling a little. The February contract on North Sea Brent fell 0.8% to $73.30 per barrel while the January contract on WTI listed in New York fell 1% to $70.02 per barrel.

Julien Marion – ©2024 BFM Bourse