The Paris stock market gained nearly 1.2% this morning to 7,620 pts, driven by Teleperformance and LVMH (2.2 to 2.3% each) and the day after Joe Biden announced his withdrawal from the race for a second term in the White House.

Michael Brown, strategist at Pepperstone, expects this news to lead to higher asset volatility, as 'the race for the White House is probably much more open than it was a day or two ago'.

On the statistics front, no major macroeconomic data is expected on Monday. On the other hand, the following days will see the publication of preliminary PMI indices, business climate indices in France and Germany, and second-quarter US growth figures.

Above all, the week will see an increasing number of earnings releases in Paris, with operators awaiting those of LVMH, Carrefour, Orange, Dassault Systèmes, Hermès, Renault, Sanofi, TotalEnergies and Air Liquide, for example.

More broadly, the week promises to be a busy one in terms of results at European level, with groups such as SAP, Deutsche Bank, Unilever and Eni, as well as in the USA, with Coca-Cola, Lockheed Martin, AT&T and Tesla, for example.

In other French company news, Vivendi reports that its study to date has demonstrated the feasibility of its demerger project under satisfactory conditions, and has identified the most appropriate stock markets for the three companies once separated.

Canal+ would be listed on the London Stock Exchange, Havas, whose activities are mainly international, would be listed as a joint stock company under Dutch law (NV) on the Euronext Amsterdam market, while a company called Louis Hachette Group would be listed on Euronext Growth in Paris.

Air France-KLM announces the addition of Swiss railroads SBB/CFF to its Air France Smart Connect combined booking system, enabling a combined ticket offer combining an Air France flight and an SBB/CFF train ticket to/from six cities in Switzerland.


Copyright (c) 2024 CercleFinance.com. All rights reserved.