(News Bulletin 247) – The Paris Stock Exchange weakened before a new burst of company results on both sides of the Atlantic. The CAC 40 lost 0.61% to end its run near the floor of 7,500 points.
A flashback for the Paris Stock Exchange which lost almost all of its gains made the day before. However, the CAC 40 was well oriented at the start of the session, before turning downward and losing 0.61% to 7,511.11 points, cooled by an indecisive trend on Wall Street.
Investors are opting for caution as American tech giants submit their copies this week. Alphabet will do so this evening, followed by Microsoft and Meta on Wednesday and then by Apple and Amazon on Thursday.
On the CAC 40, Saint-Gobain will publish its third quarter activity this Tuesday evening.
Investors are also monitoring developments in the American campaign before the November 5 election. “There is only a week left before the US election, and predictions, bets and financial markets are increasingly tilting in favor of a Trump victory,” observes Deutsche Bank.
The prospect of this major electoral event is tensing investors, as evidenced by the rise in yield rates on 10-year American debt, to 4.33% at the close of European markets, compared to 4.28% Monday evening.
Beneteau takes off
On the value side this Tuesday, Vusiongroup limited its decline to 3.8% after revealing activity lower than expectations in the third quarter.
Conversely, SMCP jumped 8.4% as the company reported a slight improvement in its dynamics from one quarter to the next. Oddo BHF describes this publication as “correct”.
Excluding company publications, Beneteau (+8.2%) and Trigano (+2.8%) accelerated upwards after the decision of the Competition Authority to validate the takeover of the mobile homes activity of Beneteau by the leisure vehicle specialist, and “without conditions”.
On other markets, the euro was down 0.2% at $1.0795. Oil is falling slightly again. The December contract on North Sea Brent lost 0.3% to $70.76 per barrel while the November contract on WTI listed in New York returned 0.2% to $67.25 per barrel.
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