The Paris Stock Exchange is chewing ahead of the company’s new results

Paris and other European markets fell slightly this Tuesday as they await a series of corporate results and key economic indicators in the coming days, not forgetting the European Central Bank’s announcement.

At mid-session, the Cac 40 lost 0.24% to 7,395.73 points on a trading volume of 500 million euros. Futures contracts on US indices are stable or even slightly declining. The S&P 500 rose to new highs on Monday, as did the Dow Jones, which closed above 38,000 for the first time in its history. The surge, which can be explained in part by expectations of monetary easing by the Federal Reserve and unwavering optimism about artificial intelligence. Tech company results will grab investors’ attention with Netflix starting tonight after the Wall Street close, followed by Tesla and Intel. Microsoft, Apple and even Alphabet will be on the agenda next week. ” So far, there are no signs of a recession in the United States, which is why the fourth quarter earnings season is so importantcommented Kenneth Broux, strategist at Société Générale. Investors will want to know the companies’ 2024 forecasts for consumer demand and profit margins “.

Oddo prefers TF1’s new streaming service

3M, Johnson & Johnson, Procter & Gamble and Verizon Communications, the four members of the Dow Jones accounting for nearly 8% of the index’s weight, are on the grill ahead of the opening of the US market. In premarket trading, United Airlines gained more than 6% after beating expectations for quarterly results, benefiting its rivals. However, the airline warned that a loss is expected in the current quarter due to the grounding of the Boeing 737 Max 9, the model involved in the Alaska Airlines accident in early January.

In Europe, the Stoxx index of basic resources recorded the the performance of the day (+1.3%) thanks to information from the Bloomberg agency, according to which Beijing plans to mobilize 2000 billion yuan (256 billion euros) for a series of measures to stabilize struggling stock markets. Hong Kong’s stock exchange also fell to fifth place among the world’s largest capitalizations, falling behind India’s market, seen as more promising, for the first time.

As for French companies, TF1 climbed 9.4% after advisory Oddo BHF’s rating was upgraded to “outperform”, with analysts bullish on the TV group’s new streaming platform.

At the macroeconomic level, two indicators are on the agenda at 4:00 p.m.: January’s Eurozone Consumer Confidence Index and the Federal Reserve’s January manufacturing survey in Richmond.

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