The Cac 40 had not known such a day since July 2. Well oriented in the morning, thanks to the good health of Wall Street on Monday, the Cac 40 further increased its lead in the afternoon, driven, this time, by the hope of a Russian vaccine against Covid-19. At the close, the flagship index of the Paris Stock Exchange rose 2.41%, to 5.027.99 points, in a trading volume of 3.43 billion euros. At New York, le Dow Jones is up (+ 1.09%) for the eighth session in a row and the S&P 500 flirts with its historic record set on February 19 at 3,393.52 points. Only the Nasdaq Composite is in limited decline (-0.12%).
To believe Vladimir Poutine, who was speaking during a video conference, the Russia would have developed the first vaccine against the new coronavirus. ” This morning, for the first time in the world, a vaccine against the new coronavirus was recorded “He said, adding:” I know it is quite effective, that it gives long lasting immunity. Named “Sputnik V”, after the name given to the family of satellites launched by the USSR, the vaccine was administered to one of the Russian president’s daughters. Industrial production will be launched in September and release to the population will take place from 2021. Twenty countries have already pre-ordered a billion doses, according to official sources.
The stocks that would benefit the most from a vaccine, which are also those that have suffered the most in recent months, are rebounding. The land Klépierre, the automotive supplier Valeo, the ready-to-wear group SMCP, the hotelier Accor, the multimedia and household appliance brand Fnac Darty and the collective catering group Elior Group thus appear among the largest increases in the SRD. The aeronautics sector (Safran and Airbus) is also in the bundle.
« Markets expect better days, comments Jeff Buchbinder, equity strategist at LPL Financial. While the timing is uncertain, the market is expressing confidence that the pandemic will eventually end with one vaccine – or more vaccines – and with the help of better treatments in the meantime. »
Other news likely to support the trend: the ZEW index of morale of German analysts and investors recovered by 12.2 points in August, to 71.5, while the consensus on average expected a decline to 55, 8. The component of the current situation, however, sinks into the red, to -81.3 points, not far from -80.9 points in July.
Thales can say thank you to JP Morgan
Under these conditions, operators pay little attention to the rise in tensions between Beijing and Washington and the legal risk weighing on the new plan to help the economy, decided by decrees by Donald Trump. Indeed, it is to Congress that the American constitution confers the budgetary decisions of the country.
Among other stocks, the automotive compartment was supported by the strong 16.4% increase in vehicle sales in China over one year in July. Renault and Peugeot respectively gained 4.11% to 5.83%.
Finally, Thales jumped 7.06%. JP Morgan raises its recommendation from “neutral” to “overweight” and sets its new price target at 88 euros, against 82 euros previously.
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