PARIS (Reuters) – The main European stock markets moved in a dispersed order on Friday morning in a session marked again by company publications, particularly in the luxury sector, where Hermès shines, while L’Oréal disappoints.
In Paris, the CAC 40 lost 0.23% to 7,647.89 points around 08:50 GMT. In London, the FTSE 100 gained 0.04% and in Frankfurt, the Dax gained 0.11%.
The EuroStoxx 50 index lost 0.10%, while the FTSEurofirst 300 gained 0.08%. The Stoxx 600 fell by 0.02% but remained very close to its absolute record at 487.66 points.
Futures contracts on Wall Street foreshadow stagnation for the Dow Jones and the Standard & Poor’s 500 against an increase of 0.29% for the Nasdaq the day after a session in the green where the S&P-500 briefly reached the threshold 5,000 points for the first time, thanks in particular to announcements from Walt Disney (+11.5%) and ARM (+47.9%).
In Europe, a new burst of corporate results once again dominates with mixed fortunes in luxury, which advances by 1.66%.
Hermès, which reported a larger than expected increase in its sales in the fourth quarter of 2023 and announced an increase in its prices this year, jumped 4.72%.
L’Oréal, on the other hand, fell by 5.91%, its sales in Asia being considered disappointing, the “travel retail” activity (sales to travelers) continuing to feel the effects of the new regulations on the parallel resale market. in China.
LVMH fell 0.43%, while Kering gained 0.70%. Elsewhere in Europe, the Richemont group advanced by 0.82 and Burberry lost 0.84%.
In other publications, Ubisoft climbed 15.31% after reporting on Thursday quarterly net reservations higher than its forecasts.
The Austrian sensor manufacturer AMS OSRAM jumped 11.15% after a quarterly turnover higher than its forecasts in a context of strong demand for products intended for automotive applications, particularly from China.
In today’s macroeconomic indicators, inflation in Germany was confirmed at 3.1% year-on-year in January, after an increase of 3.8% in December.
François Villeroy de Galhau, the governor of the Bank of France, estimated on Friday that inflation was heading towards “2% next year”.
On the bond market, the yield on the ten-year German Bund is practically stable, at 2.366%, after having increased more than five points the day before.
(Writing by Claude Chendjou, edited by Kate Entringer)
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