Paris: crosses 5500Pts, new Pfizer announcement

(CercleFinance.com) – The Paris Bourse handily crosses the 5,500 mark thanks to an outbid by Pfizer on its own 9/11 announcement: its vaccine candidate would ultimately be 95% effective (compared to 94.5% for Moderna ) and could be available in a version that does not require conditioning at -70 °.

The CAC40 index welcomed this press release with an additional gain of + 20Pts which propelled it to a new (provisional?) Intraday high of 5.520.5Pts.

The Parisian market had ended on a modest increase yesterday, taking up 0.2% to 5482 points, very close to its highs of the day (5487 points) and a few cables from the threshold of 5500 points.

In Asia, variations remained limited on Wednesday, especially in China, where the CSI 300 index of large caps retroceded less than 0.1% at the end of the session.

On the Tokyo Stock Exchange, the Nikkei index showed losses of around 1.1%, victim of logical profit-taking after soaring 13% in ten sessions.

Stock markets remain under the influence of news around the evolution of the coronavirus epidemic, and especially the development of new vaccines.

‘Yesterday, the chief financial officer of AstraZeneca said that the results of phase III would be available within a few days, or even a few weeks’, it is stressed however at Danske Bank.

“The CEO of Pfizer announced for his part that the group was preparing to file its data with the US Food & Drug Administration”, adds the Danish bank.

In fact, the FDA has just indicated at mid-day that it will study the requests for approval of vaccine candidates from mid-December.

The day’s session, however, promised to be relatively calm in terms of statistics: the figure of the day concerned housing starts.

They rose 4.9% on a seasonally adjusted basis last month in the United States according to the Commerce Department, to 1,530,000 at an annualized rate, a level above the consensus.

The number of building permits for housing, supposed to foreshadow future starts, on the other hand stagnated at 1,545,000 in October, while economists expected it to increase slightly.

In Paris, Alstom takes the lead with + 4%, ahead of Renault (+ 3.2%) whose sales are stable compared to October 2019 (+ 0.2%).

LVMH climbs + 2.5% towards 486E and flirts with its all-time high of 488E.

Total announces that it has won the call for tenders from the City of Paris for the modernization and extension of the park of public charging stations for electric vehicles, as part of a 10-year service concession contract.

Thales announces the signature with the shipbuilder Damen of a contract for the supply and integration of the Thales mission and combat system on board four MKS 180 frigates for the German Navy. This contract is estimated to be worth around 1.5 billion euros.

Eutelsat Communications has signed an agreement with TIM for the sale of capacity on the Eutelsat Konnect and Konnect VHTS satellites. This agreement will allow Italian households to benefit from very high speed fixed by satellite from January 2021. It should represent a total contractual value of nearly 150 million euros for Eutelsat.

Berenberg raises its recommendation on Orpea to ‘sell’ to ‘keep’, with a price target raised from 81 to 100 euros, highlighting a ‘surprising resilience’ of the dependency care group.

Invest Securities reiterates its’ buy ‘opinion on Dassault Systèmes with a price target revised from 196 to 200 euros, after an investor day’ confirming the solid medium to long-term growth dynamic and the merits of the acquisition of Medidata in 2019 ‘.

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