AOF analysis closes France / Europe – Black Friday on the stock markets

(AOF) – European equity markets fell like all world markets. The assets at risk are carried away by the fear generated by the appearance in South Africa of a new variant potentially very contagious and resistant to current vaccines. In the turmoil, values ​​related to health logically draw their pin from the game. On the other hand, investors have deserted values ​​related to tourism, transport but also trade. The CAC 40 plunged 4.75% to 6,739.73 points while the Euro Stoxx 50 dropped 4.65% to 4,093.72 points.

In terms of European stocks, Telecom Italia sold 1.97% to 0.481 euros on the Milan stock exchange, outperforming its benchmark, the FTSE MIB, which is in scarlet red like almost all European stock markets. The day promises to be decisive for the future of the Italian telecommunications operator, since the meeting of its board of directors is taking place today. On the agenda are the latest (disastrous) results of the group, but also and above all the takeover offer of KKR and the future of the CEO, Luigi Gubitosi.

Covid stocks were at the party at the Paris Stock Exchange. And these are the only ones. Eurofins jumped nearly 8% to sign the largest increase in a CAC 40 down 4.75%. bioMérieux climbed 4.8%, Valneva 9% and Sartorius Stedim, which supplies biotechs, 7.2%. Investors believe that manufacturers of tests and vaccines should be overwhelmed with orders with the arrival of the new variant B.1.1.529, “the largest ever detected”, according to Britain. This umpteenth variation of the coronavirus is suspected of being resistant to current vaccines.

After Rémy Cointreau yesterday, it was Laurent Perrier who favorably surprised investors on Friday. The Champagne House gained 0.61% to 99.6 euros in a market environment that does not lend itself to the festivities. The independent group has unveiled its 2021-2022 half-year results, which have grown strongly thanks to the gradual lifting of health measures and the gradual reopening of places of consumption around the world.

Today’s macroeconomic figures

In November 2021, household confidence was stable in France. At 99, the indicator that synthesizes it is just below its long-term average (100).

Around 5:30 p.m., the euro gained 0.95% to $ 1.1315.