The Paris Stock Exchange should get the green light again, it will go smoothly for Netflix

The Paris Stock Exchange should recover. After yesterday’s slight decline, the Cac 40 could gain a little more than 30 points (+0.45%) at the open this Wednesday, inspired by new highs hit by the S&P 500 and Nasdaq 100 on the fence.

Futures for the latter gained around 0.4% this morning, mainly thanks to Netflix’s 8% jump in OTC transactions. The global video streaming giant managed to attract 13.1 million subscribers during the fourth quarter, stronger growth than the consensus analysts expected of nearly 9 million. Performance made possible by the end of password sharing, advertising formulas to increase group income, and a solid program offering.

Today’s session will focus on several leading US companies such as Tesla and IBM, but we’ll have to wait until the close of Wall Street for that, while numbers from telecommunications group AT&T will emerge in the early afternoon.

Robust U.S. economic growth, strong earnings and the prospect of a Federal Reserve rate cut continue to support equity valuations, although record highs and near-overbought market conditions for the S&P 500 call for — at least — a minor near-term correction. Tesla will release its latest results today, and they’re unlikely to be as glamorous as Netflix’s. But overall, investors don’t want to miss Wall Street’s rise to new heights. And if the trend is your friend, the trend is clearly positive said Ipek Ozkardeskaya of Swissquote Bank.

PMIs in the Eurozone are expected to improve slightly

Europe has no shortage of publications. French rail group Alstom posted organic growth of 4.6% in its third-quarter turnover, confirmed its outlook for the current financial year and said it had started implementing a 2 billion euro debt reduction plan unveiled in November. ASML, a major supplier of equipment to the semiconductor industry, posted a better-than-expected quarterly net profit and turnover thanks to the momentum of its activity in China, but the Dutch group expects its sales to stagnate in 2024, a transition year ahead of strong expectations. growth in 2025.

The news is not limited to results, as this morning we expect January PMIs for activity in the Eurozone services and manufacturing sector. According to the Bloomberg consensus, an improvement is expected, but so weak that the numbers should have remained below the 50 mark that characterizes the contraction zone. At 15:45, the same indices will be published for the United States. The Bank of Canada is expected to leave its key rate unchanged at the end of its afternoon session, a path already taken by the Bank of Japan yesterday and while the European Central Bank is expected to follow suit tomorrow.

Word from Asia, where Hong Kong’s Hang Seng index is gaining more than 2%, led by Alibaba (+6%), whose founder Jack Ma reportedly bought shares in the Chinese e-commerce giant, according to press reports.

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