(AOF) – European markets are expected to open timidly higher on Monday, amid the return of the covid-19 epidemic. While Austria last week decided on new containment, the explosion of cases of contamination in Europe worries investors, who fear that new restrictive measures will be taken, inciting risk aversion. The scarce economic statistics and quarterly results will offer little support to the markets today. The middle of the week will be more full of indicators, just before the Thanksgiving celebrations.
The values to follow today
CMA CGM and Airbus signed a memorandum of understanding for the purchase of four A350F cargo planes. This order, which must be finalized in the coming weeks, will bring the Airbus fleet operated by the maritime transport and logistics specialist to nine aircraft, including five A330-200F. The aircraft will be operated by CMA CGM AIR CARGO, the air cargo activity recently launched by the Marseille group.
Enertime has announced that it has been selected for the third time this year by ADEME for a subsidy of around 1.5 million euros as part of the implementation of a new ORC project of 1.4 MW net of recovery of waste heat from the Recytech group plant, specializing in recycling zinc and located in Hauts-de-France. This installation should make it possible to cover all of the site’s electricity consumption. Enertime’s ORC machines transform heat into electricity.
LNA Santé announces the upcoming strengthening of its capital through the combination of an operation involving 700 employees in the investment company LNA Ensemble, 1,100 employee subscribers of the FCPE NOBELIA, a reinvestment of Siparex, Unexo and Sodero Gestion who have supported the group since 2011 and finally the arrival of two new investors, the SMA group and BNP Paribas Développement alongside the founders.
Technip Energies and Svante have entered into a memorandum of understanding to develop Svante’s solid absorber carbon capture technology and provide integrated solutions from concept to project delivery. The partnership will explore opportunities in the markets of Europe, the Middle East and Africa and Russia where the Canadian technology would be selected by end customers for industrial carbon capture projects, particularly for cement and limestone. , blue hydrogen, refineries, petrochemicals, steel, or even ammonia.
The consumer confidence index in the euro zone in November will be published at 4 p.m. The time that US sales of older homes will also be released in October.
Around 8:10 a.m., the euro fell 0.08% to $ 1.1271.
Yesterday in Paris
Well oriented this morning in the wake of the S&P 500 and Nasdaq Composite records, European markets turned red at the end of the morning to no longer change color. The euphoria seen on the stock markets in recent weeks has been swept away by the new strong wave of Covid sweeping across Europe. Therefore, Austria has announced a national lockdown of up to 20 days and Germany is not ruling out following its example. The CAC 40 thus closed down 0.42% to 7,112.29 points, limiting its weekly increase to 0.29%.
Yesterday on Wall Street
Wall Street ended out of order at the Friday close. Concerns about the resumption of the Covid epidemic in Europe have prompted investors to limit their risk-taking. This resulted in the fall in bond yields, the 10-year American thus falling to 1.549%. In terms of values, Applied Materials’ results and outlook were disappointing. The Dow Jones lost 0.75% to 35,601.98 points while the Nasdaq Composite gained 0.4% to 16,057.44 points. On a week, the first gave up 1.38%, while the second rose 1.24%.
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