Despite a bearish market due to geopolitical tensions, the airport group ended strongly up.
Market trends
First-time use, of American long-range missiles to attack Russian soil rekindled investor fears of new geopolitical threats to financial markets.
Indexes in France and around the world
| CAC 40 | – 0,67% | 7,229.64 points |
| SBF 120 | – 0,68% | 5,485.93 points |
| DAX | – 0,67% | 19,061.16 points |
| FTSE 100 | – 0,13% | 8,099.02 points |
| Nikkei | +0,51% | 38,414.43 points |
| Dow Jones* | -0,33% | 43,251.12 points |
| Nasdaq* | +0,54% | 18,893.88 points |
| *index closed at the close of European stock markets | ||
Fact of the day
The world’s stock markets moved into the red on renewed tensions over Ukraine and Russia. Moscow claimed that Ukraine had used American long-range missiles to attack its territory. In retaliation, the Kremlin threatened to use nuclear weapons.
These tensions caused the world’s stock markets to fall. However, at the close of trading in Europe, indices recovered slightly, giving up only a few tenths of a point on the previous day’s close.
In Paris, the CAC 40 ended down 0.67% at 7,229 points. The same negative variation was seen in Frankfurt, where the DAX closed at 19,061 points. On Wall Street, only the Dow Jones was down at the time of publication. The Nasdaq and S&P 500 were in positive territory.
Stocks in focus
The Top
Aéroports de Paris (ADP ) was the strongest performer on the SBF 120. The share closed up 3.34% at 108.40 euros. The stock benefited from Stifel’s upgrading of its recommendation from “hold” to “buy”, with the share price rising to 148 euros (from 130 previously).
In addition, the company indicated that passenger numbers at Paris airports rose by 2.5% year-on-year in October. This is almost the same level as that reached just before the Covid-19 pandemic. The operator of some twenty airports worldwide, including Paris-Charles-de-Gaulle (CDG) and Orly, reports that it welcomed 9.12 million passengers last month at its Paris airports.
The ADP Group has confirmed its annual financial targets, reporting an 11.7% increase in sales to €4.6 billion for the first nine months of 2024. Traffic is expected to grow by more than 8% across all its airports.
The Flop
OPMobility down sharply. After very good results hailed by investors, the automotive supplier had a bad day on the financial markets. The share price fell by 6.86% to end the day at 8.21 euros. It was hit by a new recommendation from Bernstein. The research firm lowered its target price to 7.20 euros. According to Bernstein, OPmobility’s “jewel in the crown” is its fuel tank business for hybrid and internal combustion vehicles. This activity accounts for 25% of the Group’s revenues and 45% of its operating income, but new regulations are likely to force automakers to sell more electric vehicles, and thus penalize OPMobility’s business.
Number of the day
2625 dollars
Due to geopolitical fears, the ounce of gold advanced by +2.4%.
Wednesday November 20 agenda
The key event on Wednesday November 20 will be the publication of Nvidia’s third-quarter results after the close of the US markets. The giant of chips used in particular for artificial intelligence is currently the world’s largest market capitalization.
Before that, the UK will publish its inflation figures for October at 8 a.m., then, at 11 a.m., investors can find out about construction output in September in the Eurozone.
Finally, from 2 p.m., Christine Lagarde, President of the ECB, will speak at the opening of the annual conference on financial stability and macroprudential policy.
Editorial recommendation
Against the general trend, the growth ofAir Liquide the French industrial and medical gases giant, is picking up speed. There’s no doubt more to come, and the Group is also paying ever closer attention to its profitability. Find our stock tip on Air Liquide.