The CAC 40 is expected to fall at the opening in the wake of the scattered close of American markets. Investors are playing it safe after Jerome Powell’s reappointment as head of the Fed and against a backdrop of rising Covid-19 cases. Having been an exceptionally “dove” central banker during his first term, this moderate Republican might be tempted to win over the “hawks” camp in the second in the face of inflationary risk.

Joe Biden has made the choice of continuity by maintaining in his post a moderate Republican. The task before it is immense: to calm the overheating of an economy threatened by inflation without shattering growth. For the markets, the choice to keep Jerome Powell could encourage the latter to accelerate the timing of the rate hike. The Dow Jones gained 0.05% to 35,619.25 points. The Nasdaq lost 1.26% to 15,854.76 points, penalized by the rise of the 10-year American.

>> To read also – Inflation, growth … the stock market risks a historic crash in the event of stagflation, warns UBS!

In Europe, investors will react to news of the Covid resurgence and November PMI indices. The purchasing managers’ indices for the manufacturing and services sectors in November are expected for France at 9.15 a.m., for Germany at 9.30 a.m. and for the euro zone at 10 a.m. In the United States, the purchasing managers’ indices for the manufacturing and services sectors in November will be published at 3:45 p.m.

Orange Belgium, a subsidiary of Orange, has entered into exclusive negotiations with Nethys for the acquisition of 75% of the capital less one share of VOO SA on the basis of an enterprise value of 1.8 billion euros for 100% of capital. VOO SA is a telecom operator which owns the cable network in the Walloon region and part of the Brussels region. VOO offers a portfolio of fixed and mobile telephony, very high speed Internet and television services.

Bureau Veritas announced that its cybersecurity system had detected a cyber attack on Saturday, November 20. “As a preventive measure, the decision was taken to temporarily put our servers and our data offline, in order to protect our customers and the company, while further investigations and corrective measures are underway”, explained the specialist of inspection, certification and laboratory testing. These operations generate partial unavailability or slowdown of its services and customer interfaces.

>> To read also – “The Fed and the ECB have become dangerous pyromaniac firefighters, the stock market risks a crash!”

Trigano lifted the veil on Monday evening on its results for the 2020-2021 fiscal year (ended end of August). Over the period, the king of the motorhome saw its net profit jump 59.7% to 222.9 million euros and its current operating income take off 98.2% to 357.9 million. As for the turnover (already published), it reached 2.93 billion euros, up 34.3%. The performance is significant, especially when one takes into account the tensions observed on the deliveries of various components and motorhome chassis which have disrupted certain production lines.

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