(News Bulletin 247) – The Parisian index ended stable this Monday, while the news remained very measured.
A hesitant session for the CAC 40 this Monday, and especially without large volumes. The Parisian index ended in balance (+0.00%) at 8,151.60 points.
The news this Monday turned out to be very scanty. Even if Boeing, in the midst of turmoil because of the structural failures of the 737 Max, has decided to turn the page on Dave Calhoun. The group announced the departure of its general director by the end of 2024, which allowed the action of the American aircraft manufacturer to gain 1.6% on Wall Street.
“We view the leadership changes as positive for investors, the aerospace and defense industry, and passengers in general. We have written in previous notes that Boeing needs a drastic cultural change, which is grown from the top, but sprouts from the bottom,” explains Bank of America.
“We view these changes as the first steps in eliminating the ‘old guard’ and establishing a new team that can work from a cleaner slate,” continues the American bank.
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Dassault Aviation carried by Exane
On French stocks, Dassault Aviation gained 7.3% driven by an advisory upgrade from Exane BNP Paribas to “outperformance” compared to “neutral” previously.
Societe Generale fell 1.9% as Morgan Stanley moved from “overweight” to “line weighting”.
Believe advanced 4.4% while a major obstacle was removed to allow a stock market battle around its takeover.
In terms of macroeconomics, if investors had little to sink their teeth into this Monday, the agenda will be busier in the coming days.
Durable goods orders (Tuesday), the consumer confidence index (Tuesday), the second revision of GDP in the fourth quarter (Thursday) as well as the PCE index (Friday) will constitute the main indicators of the week in the United States. United. In the euro zone, inflation figures in France and Italy for March will be published.
On other markets, the euro advanced 0.2% against the dollar to 1.0832 dollars. Oil accelerated its gains during the day. The May contract on Brent from the North Sea gained 1.5% to 86.10 dollars per barrel, while that of the same maturity on WTI in New York gained 1.7% to 82.02 dollars per barrel.
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