published on 12/28/2020 at 9:30 a.m.
Photo credit © Reuters
(Boursier.com) – The trend is positive this Monday on the Parisian market, supported by the start of vaccinations against the coronavirus, the Brexit agreement and the American stimulus plan. The CAC 40 is oriented up 0.51% towards 5,550 pts. A barrel of WTI crude gained 0.4% to $ 48.4. Brent is trading at $ 51.5. An ounce of gold rose 0.3% to $ 1,888. The euro is trading at $ 1.223, up 0.2%.
Regarding the virus, the European Union yesterday launched vaccinations as part of an unprecedented cross-border campaign intended to contain the pandemic. The campaign is initially focused on the elderly and nursing staff. In France, a 78-year-old woman was the first to be vaccinated at René-Muret hospital in Sevran, in Seine-Saint-Denis. Mauricette said she was very moved after the injection. In Italy, a 29-year-old nurse is one of three medical staff to receive the first injection of the vaccine developed by Pfizer and BioNTech. The European Medicines Agency (EMA) gave the green light to the use of the vaccine last Monday …
AstraZeneca and Oxford are also eagerly awaited. Regulators need time to study data on the Covid vaccine from the University of Oxford and the AstraZeneca laboratory, the UK Department of Health said on Sunday in response to information from the Sunday Telegraph that the vaccine would be distributed from January 4.
On the Brexit deal, British Prime Minister Boris Johnson described the last minute deal with the European Union as a “huge” free trade agreement in line with the one in force between the EU and the Canada. Britain released the text of the agreement with the European Union on Saturday, five days before its official exit from the bloc. The agreement includes a 1,246-page trade agreement and provisions on nuclear energy and on the exchange of classified information as well as joint declarations. The EU and the UK reached an agreement on their future trade relations on Thursday, more than four years after the 2016 referendum in which the British voted for Brexit. The agreement therefore makes it possible to avoid a chaotic exit …
Trump, for his part, yesterday ratified a $ 2.3 trillion plan, restoring unemployment benefits to millions of Americans and thus avoiding the closure of federal administrations. The outgoing president, who will cede power to Joe Biden on January 20, has therefore reversed his decision to block the program adopted last week by Congress after being under pressure from parliamentarians. The president asked that direct aid to families in difficulty be increased from 600 to 2,000 dollars. Democrats have proposed increasing direct aid to Americans to $ 2,000 as part of the economic stimulus package, responding to one of Trump’s demands. But the Republicans rejected the proposal deemed too expensive. Many Republicans refused to go back on a proposal they had already voted on … Ratifying the stimulus package, Trump claimed to have sent a strong message that shows Congress that the unreasonable points must be removed …
Senate Republican Majority Leader Mitch McConnell thanked Trump for ratifying the plan. House Speaker Nancy Pelosi said the president must now call on Republicans in Congress to follow his lead and support a rise in the amount of checks to $ 2,000 …
On the economic front, news is very limited today. The preliminary figures for Japanese industrial production were stable, against an expected increase of 1.4% for the month of November. Tomorrow Tuesday, the day will not be much busier, with only the S&P Case-Shiller index of US house prices for October.
Rising values
Lysogene (+ 26%!) Today publishes positive biomarker data with LYS-SAF302 in the ongoing AAVance clinical trial for the treatment of MPS IIIA (NCT03612869).
Agricultural credit (+ 0.3%) informs the holders of subordinated securities (FR0014000TE6) that the final amount of the issue of Crédit Agricole SA Subordinated Notes at fixed rate and quarterly interest December 2020 / December 2030 is 67.38 ME represented by 4.492 securities with a par value of 15,000 euros. The operation was for a nominal amount target of ME 30, which could be raised to a maximum nominal amount of ME 450 for a fixed rate and quarterly interest of 1.15% over the period December 2020/2030.
Getlink (+ 1.4%). In the context of Brexit, Eurotunnel welcomed the agreement concluded between the United Kingdom and the European Union. “This decision is beneficial to people and companies because it puts an end to a long period of uncertainty,” said the management of the company.
Airbus (+ 0.2%) also welcomed Thursday the agreement between the EU and the United Kingdom on their post-Brexit trade relations. The aircraft manufacturer will take the time to analyze the impact on its activity.
AB Science, Rallye and Abivax gain 3% to 4%.
Falling values
Showroom private give up 6%, SQLI About 3% and Haulotte almost 2%. Nanobiotix also returns 2% …
Baccarat was informed by the funds Tor Investment Management and Sammasan Capital, arrangers of loans granted to the company Fortune Fountain Capital (FFC) and its indirect subsidiary Fortune Legend Limited (FLL) that the lenders, led by Tor Investment Management, hold 100 % of the capital and voting rights of FLL, which holds 97.1% of the capital and voting rights of Baccarat. The lenders also intend to ask the AMF to implement a squeeze-out procedure following completion of the takeover bid.
Planet Media announces an unfavorable judgment in the dispute between it and the cedants of Addict Media. In fact, by decision of the Paris Commercial Court, rendered on December 18, Planet Media was ordered to buy back 226,808 of its own shares at a unit price of 6.615 euros from the sellers of Addict Media with provisional execution. The company has already appealed against this decision on the merits and will order a stop of the provisional execution.
Global EcoPower, victim of embezzlement, postpones its General Assembly. The Board of Directors considered it preferable to postpone the General Meeting to decide on the going concern of GEP. The GA is now set for February 5, 2021.
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