📊 100% French Stocks – June 18, 2025

The markets are digesting a drop in US consumer spending in May and are nervously awaiting the Fed's decision tonight. In the background: European markets are also under pressure, with the CAC 40 set to open slightly higher.

CAC 40: 7690 points (+0.10%)

Macroeconomic context:

• Surprise decline in US household spending in May (-0.84% on the S&P 500), with analysts citing an anticipation effect linked to tariffs.
• Tonight (8 pm), the Fed is expected to hold rates steady, followed by comments from Jerome Powell. Main scenario: rate cut in September (63.2% probability according to CME FedWatch).

Key stocks of the day

Airbus (AIR): Launching a feasibility study for a space alliance with Leonardo and Thales + expanding its dividend policy (30-50%).

EssilorLuxottica (EL): New partnership with Meta, Oakley, and Prada for smart glasses.

Vinci (DG): Highway traffic fell in May, but airport traffic increased.

Danone (BN): Opening a new production line in Florida after a $65M investment.

Carrefour (CA): Successfully placed €650 million in green bonds.

SES (SESG): Placed €1 billion in bonds (2030 & 2033).

GL Events (GLO): Negotiating with Fimalac to acquire their live entertainment and ticketing businesses.

Biosynex (ALBIO): Its HIV self-test recognized as a "Breakthrough Device" by the FDA.

Riber (ALRIB): Completed Phase I of the ROSIE project with NQCP (Denmark).

Amoéba (ALMAB): The EC approved its biocontrol active substance.

Rapid Nutrition (ALRNP): Early repayment of its convertible bond agreement with ACM.

Company results expected today

• Hunyvers
• Metavisio
• Medincell

Changes in recommendations

Upward
Kering (KER) → Target raised by HSBC: from €180 to €210, recommendation maintained.

Neutral
Hermès (RMS) → JP Morgan remains neutral, target lowered from €2,650 to €2,600.
Worldline (WLN) → Goldman Sachs remains neutral, target lowered from €5.80 to €5.70.

Downward
No major French downgrades this morning.

Your opinion? Which stocks will you be watching today?
Share in the comments and let’s discuss!

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Have a great trading session, everyone!
Sylvain Mouilhaud: stock coach.