(News Bulletin 247) – The Parisian index is changing little in mid-session, while investors will follow this week the publication of many company results.
Vigil of arms for the markets. At the dawn of a week that will include many corporate publications, the Paris Stock Exchange is moving on a hesitant note. At mid-session, the CAC 40 was almost stable at 7,519.18 points.
The opening in the green nevertheless allowed the index to set a new session record at 7,552 points, at 9:35 a.m.
Investors are showing a wait-and-see attitude at the start of the week before several meetings, notably the publication of China’s first-quarter gross domestic product on Tuesday. On Friday, they will dissect the “flash” PMI indices, which measure private sector activity, for the month of April.
It is above all the publications of companies that will animate the week. In particular in the United States where, after Wells Fargo, JPMorgan and Ctigroup, the market will wait for the accounts of Goldman Sachs and Bank of America, Tuesday, and Morgan Stanley, Wednesday. Tesla, Netflix, IBM or Lockheed Martin will also publish their results.
In France, L’Oréal, Renault, EssilorLuxottica and FDJ will publish their activity for the first quarter.
Worldline leads the CAC 40
Forvia, automotive supplier which now brings together Hella and Faurecia (+0.8%), has already delivered its milestone. The automotive supplier recorded sales up more than 17.5% in the first quarter, like-for-like.
Worldline for its part wins 4%, the largest increase in the CAC 40. The payments specialist benefits from cross-reading, while one of its competitors, the British Network International, has received an offer to buy investment funds CVC and Francisco Partners with a generous premium, which underlines the low valuation of the sector.
On the other markets, the euro lost 0.1% against the dollar at 1.098 dollars. Oil prices are losing ground. The June contract on Brent from the North Sea lost 0.2% to 86.22 dollars a barrel while that of May on WTI quoted in New York fell 0.2% to 82.37 dollars a barrel.
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