(News Bulletin 247) – The Parisian index fell this Wednesday mid-session, during a session rich in company results. Dassault Systèmes takes the spotlight while Worldline bites the dust with a dizzying fall of more than 50%.

The results season is in full swing and the market’s nervousness is clearly illustrated in the various market reactions that punctuate company publications.

The CAC 40 fell back a little at mid-session this Wednesday, losing 0.22% to 6,878.35 points after having experienced two days in the green.

“The slight easing of rates and the absence of additional bad news from the Middle East allow for a stabilization of risky assets, but macro and micro uncertainties limit the potential for a rebound,” underlines Xavier Chapard of LBPAM.

>> Access our exclusive graphic analyses, and gain insight into the Trading Portfolio

Worldline in agony

It is mainly company publications that make the headlines. And first of all the dizzying plunge of Worldline (-56%). The payments group delivered a publication with the perfect cocktail to be punished by investors: growth well below expectations in the third quarter, annual objectives drastically revised downwards, 2024 outlook thrown in the trash, and savings plan announced .

Kering recorded a decline of 3.6% after publishing an even more pronounced drop in revenue than expected, with a drop in its turnover of 9% on a comparable basis in the third quarter.

Clariane (the new name of Korian) plunges by 12.8%. The retirement home specialist has been worrying the market for several months regarding its balance sheet. However, the group expects to display a debt leverage of 3.8 at the end of December, compared to 3.5 previously. Not very reassuring in a context of rising interest rates…

Fortunately, there are (still) good surprises, with Dassault Systèmes gaining 7% after exceeding expectations in its third quarter.

On Wall Street, Microsoft gained 3.6% in pre-opening trading while Alphabet fell 6.8%. The first delivered thunderous growth in its cloud services while the second disappointed expectations in this same activity.

On other markets, the euro lost 0.15% against the dollar at 1.0575%. Oil contracts are sluggish. The December contract on North Sea Brent for delivery in December advanced 0.1% to $87.24 per barrel, while that on WTI listed in New York was almost stable at $83.71 per barrel.