(AOF) – European equity markets should mark time at the start of the session. Investors will digest the new records set on Wall Street as in Paris. The CAC 40 yesterday broke its closing record dating from September 4, 2000, in the heart of the internet bubble. Above all, they should adopt a cautious stance within hours of the Fed’s verdict. The markets largely anticipated the start of “tapering”, ie the start of the reduction in the Fed’s asset buybacks. However, they will be attentive to comments on inflation in the prospect of a rate hike.
The values to follow today
Nexans
Nexans published “standard” nine-month sales of 4.494 billion euros, up 8.2% organically, reflecting a dynamic recovery and selective growth linked to the SHIFT program, despite tensions on the chain. supply. In the third quarter, “standard” sales rose 0.4% to 1.382 billion euros. Over the first nine months of 2021, “current” turnover growth reached 27.2% to 5.448 billion euros, in line with the inflation of the price of copper.
AST Group
AST Groupe recorded revenue of € 30.2 million for the third quarter of 2021, compared to € 41.3 million a year earlier. The builder and developer of single-family homes was penalized by raw material supply issues, which significantly slowed down construction over the period.
Imerys
On the occasion of the publication of strong growth third quarter results, Imerys said it was targeting current EBITDA of between € 735 and € 755 million in 2021, a significant improvement compared to the € 631 million recorded in 2020 The group estimates that demand for its specialty mineral solutions is expected to remain strong in most market segments through 2022.
Roctool
Roctool’s Board of Directors has decided to suspend the right to exercise as well as the listing of all of the 2020/2 share subscription warrants issued by the company (the “BSA2020 / 2”) from 18 next November at 12:01 a.m. Paris time for a period of 17 days, i.e. until December 5, 2021 at 11:59 p.m. Paris time.
Macroeconomic figures
The business climate index for October in the euro zone is expected at 10 a.m. The September unemployment rate for the euro area will be released at 11 a.m.
In the United States, investors will learn about the ADP survey on private employment at 1:15 p.m. in October. The September trade balance will be released at 1:30 p.m. The purchasing managers’ indices for the services and composite sectors for October are due at 2:45 p.m. and the ISM for services for October at 3:00 p.m., along with September’s industrial orders. The weekly evolution of oil stocks will be announced at 3.45 p.m. The Fed’s monetary policy decision will be communicated at 7 p.m.
Around 8:30 am, the euro gained 0.07% to 1.1587 dollars.
Yesterday in Paris
The European equity markets signed a fourth consecutive session of increase after a historic session for the Paris Stock Exchange. The CAC 40, in fact, broke in the middle of the day its historic closing record of 6,922 points dating from September 4, 2020, at the height of the Internet bubble. The flagship index managed to preserve its feat to close with a gain of 0.49% to 6,927.03 points. Investors were reassured by the positive orientation of Wall Street, which is awaiting the Fed, and the easing in rates following disappointing manufacturing PMI indices in Europe.
Yesterday on Wall Street
After an indecisive start to the session, the US equity markets resumed their march towards new records. The S&P 500 finally gained 0.37% to 4,630.63 points, the Dow Jones, 0.39% to 36,052.63 points and the Nasdaq, 0.34% to 15,649.60 points. The trend was notably supported by high quality quarterly results from Pfizer. Optimism has prevailed as the Fed is due to render its monetary policy decision on Wednesday. Investors are anticipating the announcement of the start of “tapering”, ie the start of the reduction in asset repurchases.
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