CAC40 rises 2.3%, inflation slows!
TREND
(Boursier.com) – The Paris Stock Exchange had a third bullish session on Wednesday. The CAC40 rose 2.3% to 6,776 points, showing a 4% gain at the start of 2023… Among the good news driving the trend, inflation in France eased slightly in December, while energy prices continued to decline. landing Oil fell to $78 per Brent tonight…
France’s year-on-year inflation rate slowed in December, mainly due to cooling energy prices, according to a preliminary estimate published by INSEE on Wednesday. Thus, the index increased by 5.9% in the twelve months to the end of December, against 6.2% at the end of November.
Crude output from OPEC countries rose in December on oil prices, as a Reuters poll on Wednesday showed the cartel agreed with OPEC+ allies, particularly Russia, to cut production to support prices… Oil Exporting Countries 29 million barrels a day last month (bpd) produced, which is 120 thousand barrels more than November. The increase is particularly driven by the recovery in production in Nigeria (up from 1.18 million bpd in one month to 1.35 million bpd), as the country has been plagued by crude oil theft and “security” problems for months… except for Nigeria – which now has 1,000 bpd in the first quarter. 6 million bpd target – and to a lesser extent, Angola has increased production, some countries such as Kuwait and the United Arab Emirates have maintained their production, while Saudi Arabia and Iraq have reduced it slightly. ..
In currencies, the euro is back at 1.06/$ tonight.
INCREASING VALUES
MedinCell It rose by 20%. The pharma company is boosted by the note from IT CAP Midcap, which has initiated value monitoring with a ‘buy’ recommendation and a target price of €15. The progress of projects in development should allow the marketing of the first drug in the first half of 2023, possibly with other releases in terms of pipeline maturity, with two products in phase III, the broker explains.
four Gains 8.8% after signing its largest contract for Intelligent Communication Automation solutions as part of a two-year contract extension with “one of the world’s top 5 US-based health insurance companies.” In early 2022, this long-standing mail solutions customer selected Quadient’s customer communications management solutions to create, manage and distribute personalized and relevant communications across multiple touch points and channels. As the group decided to transform the Quadient platform into its single, centralized CCM hub, the latest contract extension includes comprehensive professional services to successfully migrate dozens of existing systems across the organization to Quadient Inspire. The project extension represents an average additional revenue of $6 million per year, with partial contribution beginning in the fourth quarter of this fiscal year and ending on January 31, 2023.
score : +7.5% laterElior with Alstom (+6.5%)
It stands out with luxury LVMH and Kering increased by an average of 5%.
Karmat but also rises by more than 5%. The designer and developer of Aeson, the world’s most advanced total artificial heart, has announced the completion of the first implantation in the EFICAS clinical study in France. Stockbroker Portzamparc now recalls its assumptions of 36 implants (6.5 ME or €180,000 per prosthesis) in 2023, noting that 2023 should be the first full year of operation for Aeson.
JCDecaux : +5% laterL’Oreal, Veolia, Chargers, Nakon, Guerbet
Atos : by +4.5% Saint Gobain, Seb, Air France-KLM, Dior and Renault
Bank stocks confirm a good start to the year: BNP Paribas and Societe Generale earns almost 4% with Credit Agricole (+2.6%).
FALLING VALUES
Unlike the market, the energy sector has a complicated beginning. Against the background of oil and gas prices, the Stoxx 600 Oil & Gas index fell by more than 2% in the middle of the week. TotalEnergies (2.5%). U.S. light crude oil for February delivery fell another 2.5% to $75 a barrel after falling 4.2% yesterday, penalized by a lingering mild winter in Europe and an unfavorable short-term economic outlook with a health crisis in China and a likely recession. In the United States and the Old Continent.
Benchmark European gas futures are trading below 70 euros in Amsterdam, compared with a peak of 345 euros in March 2022 after the outbreak of war in Ukraine. The wave of mild weather has reduced the need for heating and eased concerns that Europe is running out of gas supplies too quickly. The sought-after sector in 2022 is completely neglected in this environment, in the early days of 2023…
Maurel & Prom : -8% later rally, Congenital (-7%)
OVH : with -5% Vallourec, LFE, SES Imagotag
Dassault Aviation : with -3% Esso, Infotel, Nexans
GTT : -2.5% later bc, Edenred, CGG,Thales and Angie
trigano decreased by 0.1% after the presentation of quarterly earnings. The leisure specialist saw its turnover fall 8.2% (at constant scope and exchange rates) to 782.3 ME in Q1 FY2022-23. “As expected, the strong demand for motorhomes in Europe, confirmed by the influx to the main national trade fairs in recent months, failed to translate into an increase in turnover due to the reduction of production distribution bases by car manufacturers”, explains the group. Management nevertheless reiterates its confidence for the remainder of the financial year: “Demand is still ‘structurally strong’ with well-oriented growth prospects for 2023: Trigano’s order books saturate production capacity for the season and vehicle inventory levels remain historically low across distribution networks Mobile the supply of bases has improved significantly since the end of November, which allows us to envisage an increase in production at the Trigano factories from the second quarter of 2022/2023 and throughout the year.”
