CAC40: almost stable before US results kick off

(CercleFinance.com) - The Paris Bourse begins the session close to equilibrium at 7530Pts, awaiting JPMorgan Chase's results to kick off the quarterly earnings season in the US.


"I remain optimistic, as I have been for most of the year", says Michael Brown, senior research strategist at Pepperstone, while conceding that "the start of the third-quarter earnings season this Friday presents a risk".

With consensus EPS figures lowered by around 4% in the last quarter, companies have room to surprise positively", points out the strategist, who is therefore expecting a fifth consecutive quarter of overall profit growth.

The financial sector is set to open the US earnings season before Wall Street opens, with the publication of JPMorgan Chase, but also those of Wells Fargo and asset and investment management giant BlackRock.

On the macroeconomic front, US producer prices and the UMich consumer confidence index are due for release this Friday.

In Paris, Sanofi announced that it had entered into negotiations with CD&R for the potential sale of a 50% controlling interest in Opella, its consumer healthcare business, which employs over 11,000 people and operates in 100 countries.000 people and operates in 100 countries.

Stellantis reports targeted organizational changes effective immediately within its management team, led by Carlos Tavares who will retire at the end of his CEO mandate in early 2026.

Euroapi reports that it has finalized and secured financing for its FOCUS-27 strategic plan, and signed with Sanofi a new amendment to the global manufacturing and supply contract signed in 2021.

Edenred announces that its greenhouse gas (GHG) emissions reduction targets have been approved by the Science Based Targets (SBTi) initiative, placing the Group on a trajectory in line with the climate objective set by the Paris Agreement.

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