Modest rebound expected on the Paris Bourse

The Paris Bourse was preparing to progress very modestly at the opening Wednesday, cautious in the face of the worsening health situation and political unrest in the United States.

The futures contract on the flagship CAC 40 index gained 0.13% forty minutes before the opening. The day before, the Parisian odds had ended in small decrease (-0.20%) to 5,650.97 points.

“There is not much hope that the restrictions will be lifted soon. Governments are promoting vaccination but the process will take time,” said David Madden, analyst at CMC Markets.

The United States surpassed its previous record for single-day coronavirus deaths on Tuesday (4,470) as the list of restrictions grows around the world.

Greek Prime Minister Kyriakos Mitsotakis on Tuesday called on the European Union (EU) to adopt a “standardized” vaccination certificate to give a boost to the tourism industry, devastated by the coronavirus pandemic.

On the political side, one week before the end of his term, outgoing President Donald Trump is facing the threat of impeachment proceedings against him.

After US Vice President Mike Pence refused to invoke the 25th Amendment to the Constitution to dismiss Donald Trump, Democrats will submit to the House of Representatives for consideration on Wednesday the act accusing the outgoing president of “inciting to the insurrection “during the violence against the Capitol on January 6.

After seeing his accounts suspended on Facebook and Instagram and that of Twitter deleted after the riots on Capitol Hill last week, Donald Trump is now deprived of his channel on Youtube which was suspended Tuesday for “at least seven days” in order to avoid risks of violence.

Part of the market perceives that inflation will make a comeback in the United States this year. Expectations of price increases are rising and have led to gains taking from the first week of January.

Against this backdrop, the US Consumer Price Index (CPI) for December will be closely watched during the session.

VALUES TO FOLLOW

Carrefour: the French distribution giant has been requested by the Canadian food group Couche-Tard for a “rapprochement”, the two companies said Tuesday evening in separate press releases.

Marie Brizard Wine & Spirits: the group said on Tuesday that it could launch in the coming days the capital increase intended to bail it out, following an agreement with its supplier modifying its bulk supply contract for Scotch Whiskey.

EDF: the four main energy industry union confederations on Tuesday called on President Emmanuel Macron to give up the highly contested “Hercules” project to split the group into three entities.

Canal +: favorite to take over the TV rights of the French Football Championships, the group on Tuesday put pressure on the Professional Football League (LFP) by asking for the organization of a new call for tenders for all matches of Ligue 1.

Esker: the group specializing in dematerialization solutions for management documents expects to record organic growth in its “double-digit” activities in 2021, after + 9% during the past financial year.

pan / mon / sleep

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