The CAC 40 is expected to change little at the opening. Investors will learn about industrial production in the euro zone at 11 a.m. in September. In the United States, the first estimate of the Household Confidence Index from the University of Chicago is expected at 11 a.m. European markets ended up slightly on Thursday, despite the publication of accelerating US inflation. The country of Uncle Sam indeed experienced in October its strongest surge in consumer prices since 1990, reinforcing fears of a monetary tightening faster than expected.
Investors could however count on the support of certain quarterly results, such as those of Engie or Siemens. the CAC 40 thus gained 0.2% to 7,059.55 points, and the Euro Stoxx 50, 0.21% to 4,358.10 points. US equity markets closed on Thursday in dispersed order. Investors continued to digest the inflation figures. However, the day saw limited volumes due to the celebrations of November 11, a public holiday. In terms of values, Disney lost more than 7% after disappointing results. The Dow Jones fell 0.44% to 35,921.23 points but the Nasdaq gained 0.52% to 15,704.28 points.
>> To read also – Will inflation cause the stock market to falter?
The values to follow today
Renault
Renault finished second to last in the CAC 40 Thursday, with a drop of 4.01% to 32.93 euros, in the wake of Daimler’s announcement of the sale of its stake in the French manufacturer. The German group thus sold, via its retirement fund, all of its 9.2 million Renault shares for an amount of 305 million euros, representing 3.1% of the capital and 5% of the voting rights. from the firm to the diamond. Daimler ensures, however, that its industrial partnership with Renault remains unchanged.
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ArcelorMittal
First of the CAC 40 Thursday, ArcelorMittal (+ 4.9% to 24.48 euros) published a net profit in the third quarter of 2021 of 4.6 billion dollars, up 15% sequentially, its highest level since 2008. The metallurgist had recorded a loss of 261 million a year ago. Its EBITDA is also at a record level for more than 10 years since its growth of nearly 20% compared to the second quarter allows it to stand at 6.1 billion dollars. Operating profit has increased more than 7.4 times in one year and sales jumped 153% to 20.23 billion.
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