(AOF) – European stock markets are expected to open higher on Monday following Friday’s session which finished higher. However, concerns about the ECB’s monetary policy persist. Yesterday, ECB Governing Council member Klaas Knot pushed for an interest rate hike of 50 basis points in February and March, while signaling that the central bank would continue to tighten monetary policy in the coming months. The euro reached a peak of $1.0903 this morning, the highest since April 21st.
The values to follow today
edf
On January 19, 2023, the State passed the threshold of 90.00% of EDF’s capital and theoretical voting rights on a fully diluted basis, according to a press release from the Ministry of Economy. Consequently, the State will be able, at the end of the offer, to proceed with the implementation of the squeeze-out on the EDF shares once the EDF OCEANE already in its possession have been converted.
GT extension
As announced, GTT appealed on December 22, 2022 the decision of the Seoul High Court, pronounced on December 1, 2022. This appeal was accompanied by a request for suspensive effect. It should be recalled that the appeal filed by GTT before the Supreme Court of Korea concerns the obligation for GTT to separate the technology license agreement from the technical assistance should the shipyards request it. On January 17, 2023, the Supreme Court of Korea decided to stay the implementation of the decision of the Seoul High Court.
Ipsen
Phase III Naples 3 data demonstrate positive survival outcomes for the investigational drug Onivyd in previously untreated patients with metastatic pancreatic ductal adenocarcinoma (mPDAC). This was announced by the Ipsen laboratory, welcoming “a potential advance in an aggressive and difficult to treat tumor”. Ipsen announces that it intends to file an application for approval with the American regulatory authorities (FDA).
Thales
Emmanuel Macron announced on Friday that a budget of 413 billion euros would be allocated to the French army budget for 2024-2030 under the future military planning law (LPM), i.e. a budget that increases by “one-third” . Thales posted the largest increase in the CAC 40 last week, gaining more than 6.5%. The aerospace, defense and security equipment maker continues its upward movement that started since the beginning of 2022.
Macroeconomic data
In the US, the S&P Case-Shiller November Home Price Index will be known at 3pm.
January Consumer Confidence in the Eurozone will be released at 16:00.
In the US, the December Leading Indicators Index will be released at 16:00.
At 8:30 the euro gained 0.35% to $1.0894.
Friday in Paris
European stock markets gained tentatively in the close. The indices offered a technical rebound after yesterday’s sharp decline, due to fears of recession and the willingness expressed by central banks to continue raising interest rates. On the values side, Michelin is the red lantern of the CAC 40 and Faurecia among the biggest drops in the SBF120 after their degradation by analysts. At the close, the CAC 40 gained 0.63% to 6,995.99 points (-0.40% in five days) and the EuroStoxx50 rose 0.63% to 4,119.90 points.
Friday on Wall Street
US stock markets closed higher, led by technology stocks. They benefited from the announcement of job cuts at Alphabet and a better-than-expected subscriber acquisition from Netflix. They are resisting the continued rise in long-term rates. Fed member Esther George wants more evidence of a slowdown in services before she’s sure she’s on track to meet the Fed’s 2% inflation target. The Dow Jones gained 1% to 33,375 points while the The Nasdaq rose 2.66% to 11,140 points.