(CercleFinance.com) – The CAC40 gained nearly 0.3% this morning, round 7,595 factors, benefiting specifically from the rise in luxurious, with +1.3% for Kering and Hermès.
Buyers are ready for the re-opening of Wall Road, which was closed yesterday for the day celebrating the abolition of slavery (‘Juneteenth’) and which might give new impetus to the markets.
The ‘futures’ on the New York indices are at present pointing to a gap in constructive territory after the brand new data established on Tuesday evening, thanks specifically to the continued rise in Nvidia, which -now the most important capitalization on this planet.
In Europe, few bulletins are anticipated from the BoE, which can announce its resolution on charges at 1pm.
The current slowdown in inflation, which final month reached the two% goal set by the central financial institution, is, nonetheless, beginning to gas hypothesis about an impending fee reduce.
‘The indicators despatched by the British financial system are contradicting one another’, verify the Oddo BHF analysts, who present on the one hand ‘sturdy’ development and a rise in wages and costs of companies, but additionally a stage of rising unemployment and a closed labor market. to a turning level’.
‘There isn’t any expectation of a fee reduce this week however the down cycle ought to begin in August or September,’ the non-public financial institution predicts.
Earlier than the BoE, it’s anticipated that the Swiss Nationwide Financial institution will preserve the suitable place of its financial coverage within the morning, presumably by making one other fee reduce.
A number of statistics will cease the session in america, with the publication of the newest actual property figures, the Philadelphia Fed index and registrations for unemployment advantages.
On the bond market, the hole between the yield on the ten-year German Bund (2.42%) and the equal French fee of the identical maturity (3.17%) is stabilizing at just below 80 foundation factors, on the highest stage since 2012.
the euro weakened once more to return to round $1.0735.
In French firm information, Bic reveals that it’s updating its turnover development expectations for the yr 2024, resulting from a troublesome macroeconomic setting together with a medium to excessive single-digit decline within the lighter market in america (in worth)’.
Dassault Systèmes publicizes that Mahindra & Mahindra, an Indian car and agricultural equipment producer, has chosen its 3DEXPERIENCE cloud platform to speed up the general growth strategy of its new merchandise.
Technip Energies publicizes that it has gained a ‘important’ contract (between 50 and 250 million euros in turnover relying on its wording) from Indian Oil Company Restricted (IOCL), which might be included within the order in -accepted for the second quarter 2024.
The group Canal +, a subsidiary of Vivendi, introduced on Thursday that it had elevated its curiosity within the Asian streaming service Viu to 36.8%, in keeping with the settlement concluded with PCCW Hong Kong the -last yr
2024-06-20 08:56:00
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