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Monday October 10
CAC 40: -0.45% to 5,840.55 pts
The fact of the day
We start this week with a 4th consecutive session of decline and still volatility, a direct consequence of the low volumes: as we judge, the CAC 40 ends at -45% towards 5840 points and only 2.5 billion euros exchanged only, it’s not heavy…
Value(s) in sight
Renault ends the day foot to the floor. Negotiations “accelerate” between the French and its partner Nissan concerning the restructuring of their alliance. Several media have reported that Renault might reduce its stake in the capital of the Japanese from 43% currently to 15%. In return, the latter would invest in “Ampère”, the future electrical entity of its French partner.
Tuesday, October 11
CAC 40: -0.13% to 5,833.20 points
The fact of the day
The CAC 40 seems stuck in a bearish sequence that would take place in slow motion. Another day of decline, the fifth, and volumes still as low, less than 3 billion euros traded. It is more mixed across the Atlantic with a Dow Jones which gained 0.12% to 29,239.19 points but a Nasdaq which lost 1.10% to 10,426.19 points.
Value in sight
Imerys climbed 5.2%, supported by favorable comments from Oddo BHF. The management company’s analysis department reaffirms its “outperformance” opinion with a price target raised from 45 to 55 euros.
Wednesday October 12
CAC 40: -0.25% to 5,818.47 points
The fact of the day
After oscillating several times between positive and negative territory, the Paris stock market ended on a new limited drop. Wall Street also ended down in a session marked in particular by the publication of the report of the last Fed monetary policy committee . The FOMC “minutes” which show that Fed officials are much more concerned regarding the risks linked to inflation than regarding the repercussions of the tightening of monetary policy on employment.
Value(s) in sight
LVMH pleasantly surprised with the publication of activity figures much better than expected in the third quarter. Growth was driven by Europe. Above all, the most profitable division, Fashion and Leather Goods, posted a good performance. Over the period, the organic growth of the world leader in luxury stood at 19% to 19.76 billion euros in turnover.
Thursday October 13
CAC 40: +1.04% to 5,879.19 points
The fact of the day
If we look at the chart of the CAC 40 over the day, we see a nice break at 2:30 p.m., French time for the publication of inflation figures in the United States. Those numbers clearly disappointed with a consumer price index (CPI) accelerating to 0.4% last month following rising 0.1% in August. Over one year, it stands at +8.2%, following a gain of 8.3% in August. Economists polled by Archyde.com on average had expected September to rise 0.2% month-on-month and rise 8.1% year-on-year. However, following the initial shock, the French index quickly and powerfully rebounded to end in the green… just like Wall Street.
Value in sight
The rate context benefits banks which end up clearly in the green like Société Générale (+3.89% to 22.06 euros) or BNP Paribas (+2.59% to 43.44 euros).
Friday October 14
CAC 40: +0.90% to 5,931.92 points
The fact of the day
The Paris Stock Exchange continues its rebound from the day before despite the decline on Wall Street.
Value in sight
Second session of net rebound for Orpea while the new general manager Laurent Guillot announced Monday the establishment of a new management team. The group of retirement homes will organize two investor conferences on November 15 and 17.
