Morning meeting AOF France / Europe – Rebound in sight: watch out for the good economic news in the US!

(AOF) – European markets should rise slightly in the wake of Wall Street. Although the US indices ended in the red, they still limited their losses at the end of the session. The final trend for the day will depend on the US economic data due this afternoon, including income, household consumption and the November PCE price index. Like Thursday, encouraging data for the US economy would be punished as it would reinforce the scenario of a longer aggressive Fed.

The values ​​to follow today

Stellantis

Stellantis plans to take a stake in the capital Symbio, a joint venture between Faurecia and Michelin in hydrogen and a leader in fuel cells for the mobility sector. The three groups have started exclusive negotiations from today. “Symbio’s technology roadmap fits perfectly with Stellantis’ plans to roll out hydrogen solutions in Europe and the US,” said Carlos Tavares, CEO of Stellantis.

Gaussian

The Gaussin Group, which bills itself as “the pioneer in clean and intelligent transport of goods and people”, announces that it has initiated arbitration proceedings in the case of the license granted in May 2022 to the Canadian Charbone Hydrogen and terminated the 14 October per the last. This is for the group to claim 14.1 million Canadian dollars (9.74 million euros) plus interest and costs to this former partner.

PAREF

PAREF has announced the delivery of “The Go” office building, located in Levallois-Perret. The building develops more than 6,000 square meters of bright offices and offers gardens, terraces and a roof terrace. Located in the heart of Levallois-Perret, “The Go” also benefits from a strategic location and several links to public transport. The tenant, a leading European multinational, which is establishing its French headquarters there, signed a 9-year long-term lease in March 2022.

The Neo

Neoen has launched construction of its first asset in Canada, the Fox Coulée solar facility located in Starland County, Alberta. The construction of this plant, 100% owned by the French group, was entrusted to Goldbeck Solar under a turnkey contract. With a capacity of 93 MWp, the plant will be locally connected to ATCO Electric’s 24.5 kV distribution network, which will contribute to the achievement of the goal of carbon neutrality by 2035 set by the province of Alberta and the federal government.

Macroeconomic figures

In the US, investors expect November household income and consumption, November PCE price index and November durable goods orders at 2:30 p.m.

University of Michigan Consumer Confidence Index for December and New Home Sales for November from

This morning, the euro rose 0.14% to $1.01614.

Yesterday in Paris

European markets closed lower. They suffer, paradoxically, from the publication of two reassuring statistics for the US economy: growth in the third quarter and jobless claims. Two pieces of good news that are not good for the stock market because they reinforce the scenario of a longer aggressive Fed in its monetary tightening policy. In Paris, Orpea fell after raising the amount of expected asset write-downs. The CAC 40 lost 0.95% to 6,517.97 points and the Eurostoxx 50 1.26% to 3,823.29 points.

Yesterday on Wall Street

The US stock markets fell significantly. They suffered, paradoxically, during the release of two reassuring statistics for the US economy: growth in the third quarter and jobless claims. These two good news are not in the stock market. They actually reinforce the scenario of a longer aggressive Fed in its monetary tightening policy. The index of leading indicators disappointed. The Dow Jones index lost 1.05% to 33,027.49 points and the Nasdaq Composite fell 2.18% to 10,476.12 points.

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