CAC40: back to 8100 pts, driven by STMicro

(CercleFinance.com) - The Paris stock market gained a little more than 0.
3% this morning, around 8100 points, supported by STMicro (+3.7%), Renault (+2.2%) and BNP Paribas (+1.9%).

Michael Brown, strategist at Pepperstone, warns, however, that "geopolitical events" remain the focus of attention.
In his view, this positive start to the week could be seen as "the calm before the storm", given the busy calendar for the days ahead.

This includes, of course, today's Trump-Putin call, five G10 central bank decisions, as well as results from Micron and FedEx, on top of a fairly busy data calendar", points out Michael Brown, who also points to uncertainty over US trade policy.

On the statistics front, the Eurozone's trade surplus fell slightly to 14 billion euros in January, from 14.2 billion in December 2024, with a slightly stronger increase in imports (+2.3%) than in exports (+2.1%), according to Eurostat's seasonally adjusted data.

In addition, the ZEW index of economic sentiment for Germany again showed a strong increase in expectations in the March survey: at 51.6, it rose by 25.6 points, its biggest month-on-month increase since January 2023.

'The more positive mood is probably due to positive signals regarding future German fiscal policy, such as the agreement on the multi-billion euro financial envelope for the federal budget', argues Achim Wambach.

In the early afternoon, investors will also take note of industrial production and residential construction figures in the USA.

'After suffering severe weather disruptions, construction activity is expected to rebound. In industry, activity has shown signs of recovery since the end of 2024. This should continue," says Oddo BHF, commenting on the latest data.

UK inflation figures, originally scheduled for today, have been postponed until next week.

In other French company news, Bolloré reports net income (group share) of 1.82 billion euros for 2024, compared with 268 million euros the previous year, but EBITA of one million euros, compared with 61 million euros in 2023.

Interparfums announces the acquisition of all intellectual property rights relating to Maison Goutal -known for lines such as L'Eau d'Hadrien and Petite Chérie- held by Amorepacific Europe worldwide, a transaction whose financial terms are not specified.

Lastly, Vinci Energies reports this morning that it acquired Holtermann Regeltechnik on February 28, thereby expanding its portfolio in building automation.


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