With low trading volumes during this final session of 2025, the trend is downward in European markets. They will close early in the afternoon. On the statistics front, investors will receive the weekly US jobless claims data at 2:30 p.m. Geopolitically, Moscow is accusing Kyiv of a drone attack on a residence belonging to Vladimir Putin. The CAC 40 is down 0.59% at 8,119.85 points but is on track to end the year with a 10% gain. The Eurostoxx 50 is slipping 0.28% to 5,779.90 points.

In Europe, Telecom Italia is posting one of the strongest gains of the EuroStoxx 600 in 2025, surging 108%. The telecommunications operator's stock is also ranked second for the year on the main Italian index, which closed this Wednesday in Milan. Having been TIM's main shareholder with a 23.75% stake, Vivendi announced last March, ten years after entering, that it had sold most of its holding to Poste Italiane.

Pernod Ricard has taken a hit and is set to end 2025 with a decline of around 34%. Shares of the world’s second-largest wine and spirits group have been in the red, notably impacted by a drop in activity during the first quarter of its 2025/2026 fiscal year. Over this period, sales fell by 7.6% organically and by 14.3% as reported, penalized in particular by a slowdown in business in China (-27%) and in the United States (-16%).

In 2025, within the CAC 40, the top performer has been Société Générale (+151.40%). The bank’s stock had suffered from a discount compared to its peers. Additionally, SG published very strong, often record, results throughout the year, with improved profits and profitability.

Macroeconomic Data

 In the United States, weekly jobless claims will be released at 2:30 p.m.

Around noon, the euro is down 0.05% at $1.1741.