CAC 40: Paris Stock Exchange in the green, Wall Street clings to its record

CAC 40: Paris Stock Exchange in the green, Wall Street clings to its record

The Paris Stock Exchange is in good shape this Wednesday. The CAC 40 is expected to rise 0.50% at the start of the trading session. On Tuesday, its opening rally did not prevent it from ending down 0.38% at 7,388.04 points. Alstom’s turnaround for the third quarter of its staggered financial year kicks off the earnings season at the index flagship. CAC’s little thumb in terms of stock market valuation has seen its share quarterly turnover increase of 2.6% year-on-year. It will be a luxury giant on Thursday after the deadline LVMH which will publish its annual results. Meantime, STMicroelectronics it will also provide an update on its activities in 2023. Financial publications are in full swing in the United States and are also getting to the heart of the matter in Europe. This report is in addition to the usual economic indicators. On Wednesday, investors will take note of January’s economic activity PMI for European countries.

“For the past 15 months, the French and German manufacturing sectors have been in decline (…) We expect a slight improvement in the January figures, but there are no signs of a significant recovery”, explains Michael Hewson of CMC Markets. The data will be valuable for the European Central Bank, which meets on Thursday for the first time this year. Investors are confident about the current state for this time, but above all, they are waiting for guidance on monetary policy for 2024. After betting on a key rate cut from March due to progress in inflation, they somewhat backtracked after hearing central bankers repeat that such a scenario was not realistic . The stock market could remain hesitant.

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Alstom : The group posted revenue of 4.3 billion euros in the third quarter of its staggered financial year, up 2.6% on last year, and intends to continue its cost-cutting plan to clean up its balance sheet, according to reports on Wednesday profits and losses. .

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Bouygues : The real estate subsidiary of the French construction giant announced on Tuesday that it will split its management by proposing to appoint Emmanuel Desmaizières as CEO and Pascal Minault, already CEO of Bouygues Construction, as president during a February 19 board meeting.

Airbus : Airbus Helicopters saw orders rise by nearly 10%, but its deliveries stagnated in 2023, reflecting “regular market recovery” but which has not reached its pre-Covid level, the group announced on Tuesday.

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Intermediate perfumes : the group announced record 2023 sales of 798.5 million euros thanks to a 13% increase in one year and said its operating margin should “over 19%” about the exercise, in a press release Wednesday.

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