After gaining up to +1.1% during the day, up to 8057 points, the Paris Stock Exchange suddenly lost ground at the end of the session: at the final gong, the Parisian index must therefore be content with a more modest gain of 0.34%, to 7981 points, helped by BNP Paribas (+4.4%) and LVMH (+1.6%) but slowed down by the auto sector with -3% for Stellantis, -2.4% for Michelin or -2% for Renault.
On Wall Street, the Nasdaq gained 1.2% ahead of the S&P (+0.9%).
The solid results published overnight by Nvidia relieved markets which were wondering about valuation levels in AI. Thus, the world’s largest company in terms of stock market valuation did not disappoint by revealing accounts well above expectations and forecasts also above estimates.
In the opinion of analysts, the chipmaker had an exceptional quarter by generating a record turnover of 57 billion dollars (USD), up 62% year-on-year, which allowed it to generate a net profit of 31.8 billion dollars (USD) (+59%) and a profit per share of 1.30 dollars (USD), where the consensus was targeting 1.26 dollars (USD).
The Californian group anticipates sales of around 65 billion dollars (USD) for the quarter ending in December, accompanied by a gross margin improving to 75%, compared to 73.6% for the past quarter. After gaining more than 5%, the stock suffered profit taking and is now up less than 1%.
Highly awaited by the markets, the American employment figures for the month of September reveal creations 2.5 times more numerous than expected at +120,000 (the consensus of economists was for 50,000 job creations after 22,000 in August), but the unemployment rate increased from 4.3% to 4.4%.
Confirming the strength of the labor market, registrations for unemployment benefits from November 10 to 15 were down -8,000, to 220,000, compared to 228,000 the previous week.
Initially scheduled for Friday, October 3, the Labor Department’s report was postponed due to the partial closure of federal administrations due to ‘shutdown’.
The US bond market seems to have resigned itself to a ‘pause’ in the fall in rates on December 17 (consensus of barely 30%) and US T-Bonds are improving marginally with -1.3 pt on the 30 year at 4.739%, the 10 year erases -1.4 pt towards 4.1200%, the 2 year -1.6 pt at 3.582%.
In the European bond compartment, the 10-year OAT increased by +2 pts to 3.484% compared to +1.6 pts for a Bund of the same maturity at 2.727%.
On FOREX, the euro is stable around 1.15 USD.
The ‘cryptos’ are trying to recover but it is laborious: bitcoin (-2%) peaks below 90,000 (at 88,400 USD) and ethereum does not manage to get back beyond 3000 USD (-2.5% at 2950 USD).
Finally, in London, Brent fell by 0.4%, to 63.4 USD per barrel.
In French company news, BNP Paribas announced on Thursday that it had increased its ‘CET1’ capital ratio target to 13% by 2027 and launched a share buyback program of 1.15 billion euros, two pieces of news which were applauded by investors on the Paris Stock Exchange this morning.
Valeo announces its Elevate 2028 plan, in which it aims for a continued steady increase in profitability, significantly increased cash generation from 2025, and a return to revenue growth from 2027.
Soitec, which disappoints with a profit falling by -36%, dividing its organic growth objectives by 5 for Q4 2025, fell from -27% to -30% this afternoon.
Getlink lost almost 2% after the announcement by the British Valuation Office Agency (VOA) of its plan to increase by almost 200% the amount of the taxable value used as a basis for calculating the business rates of its subsidiary Eurotunnel.
Schneider Electric announced Thursday the inauguration alongside its Canadian partner Albesol of a new ultra-modern facility which was the subject of an investment of 20 million dollars (USD) in Mississauga, in the province of Ontario.
TotalEnergies announces that it categorically contests a complaint filed with the National Anti-Terrorism Prosecutor’s Office for ‘complicity in war crimes’ in Mozambique, deeming these allegations unfounded.
Finally, Edenred announced Thursday that it would integrate Tesla’s ‘super-charger’ network into its fast charging offer intended for electric and hybrid vehicle fleet managers in Europe.
