The Paris Stock Exchange (CCA 40) benefits from the recovery of Wall Street at the end of Wednesday’s session, with numerous corporate results and American growth on the agenda. The CAC 40 salutes the optimistic tone of You are here, whose insurance and $12.6 billion in 2022 profits pleased investors. The day before, the CCA 40 had limited losses, after three bullish sessions. The New York Stock Exchange closed Wednesday in no particular order, not far from equilibrium after a sharp decline in the first part of the session, where investors ended up seizing cheap opportunities. Some notable corporate results continued to enliven US intersessions, particularly with Tesla
In France, STMicroelectronics kicked off its annual results with better-than-expected data. LVM extension follows after the closure of the Paris Stock Exchange. Alstom was solid in the third quarter of its fiscal staggered on Wednesday. But the macroeconomic news will also keep investors busy, with the first estimate of the US gross domestic product, expected at around 3% by analysts, even if “given the signs of a slowdown in consumption observed in recent months, one can think that there may be considerable downside risks to that estimate,” Hewson said. The durable goods consumption indicator is also expected at 14:30 in Paris.
Stock market, rates… “2023 will be the year of all dangers”… and opportunities?
Several values will be followed this Thursday, starting with STMicroelectronics. French-Italian semiconductor maker STMicroelectronics doubled its net income in 2022 and its revenues increased by a quarter, thanks in particular to “strong demand” for chips in the automotive and industrial sectors, which is prompting the group to invest in new establishments. Its forecast for the first quarter of 2023 is higher than analysts’ expectations.
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The values of companies such as Legrand, Getlink, Elior or Navya will also be given special attention this Thursday.
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