The Palais Brongniart, former headquarters of the Paris Stock Exchange. (Photo credits: – L. Grassin)
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(CercleFinance.com) – The Paris stock exchange continues its inexorable rise this morning and gains nearly 0.3%, to 7180 points. The Parisian index is notably driven by luxury stocks such as Hermès (+ 2.5%) or LVMH (+ 1%) and seems to ignore the poor performance of the US markets which closed yesterday’s session in conceding between 0.2 and 0.6%.
This morning, analysts at Aurel BGC evoke the concerns and uncertainties of the ECB around inflation in the euro zone, inflation which should ‘remain high longer than expected, even reaching a historic peak in November, before declining at a delicate pace to anticipate, ‘according to Isabel Schnabel, member of the central bank’s executive board.
In this context, the ECB confirms that it wants to avoid the mistake of premature tightening of its monetary policy.
If buyers therefore seem to be keeping control this morning, risk-taking could be more limited as the ‘three witches’ session approaches tomorrow, which will be marked by the expiry of many derivative products.
In the meantime, today’s session will be marked by a relatively busy macroeconomic agenda for the United States, with the Philadelphia Fed index and the Conference Board leading indicators expected in the afternoon.
Investors will also closely follow the figures for claims for unemployment benefits, which will be unveiled before the opening of Wall Street.
In the news of French stocks, Airbus announced this morning that it had won orders and commitments for 408 aircraft during the Dubai air show which ends today. The aircraft manufacturer specifies that it has secured firm orders for 269 aircraft, as well as commitments for 139 aircraft.
Airbus has also registered an order from the Indonesian Ministry of Defense for two A400Ms in a multi-role refueling and transport configuration, a contract which will take effect in 2022 and will bring the number of countries operating the A400M to ten.
Thales Alenia Space, a joint company between Thales (67%) and Leonardo (33%), has signed a contract with the operator SES for the supply of two geostationary satellites which will allow the transmission of content from the major European broadcasters of SES and will offer connectivity services across Europe.
Finally, Sanofi announces an investment of $ 180 million in the capital of Owkin, a company specializing in artificial intelligence and precision medicine that develops predictive artificial intelligence models applied to biomedicine.
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