100% French Stocks – Thursday, June 19, 2025

CAC 40 PREOPEN: 7,600 pts (-0.66%)

Macroeconomic Context:

The Fed kept its rates unchanged but remains vague about the timing of rate cuts. Jerome Powell mentioned persistent inflation fueled by tariff increases. In Europe, several central banks are speaking today, including the BoE and the SNB. The Iran-Israel conflict enters its 7th day, driving up oil prices and supporting safe havens like the dollar and gold. European markets are opening with a cautious tone.

Key actions of the day

Maurel & Prom (MAU): Agreement with Afentra to acquire additional stakes in oil blocks in Angola for $23M, with a possible $11M supplement.

SBM Offshore (SBMO): Signed an operation/maintenance contract with TotalEnergies Suriname for the FPSO GranMorgu, minimum duration 2 years.

Vallourec (VK): Won a strategic contract worth over $50M in Qatar for supplying OCTG pipes, delivery scheduled for 2026.

ArcelorMittal (MT): Finalized acquisition of the remaining 50% of AM/NS Calvert. Full control of the strategic flat steel plant in the USA.

Eutelsat (ETL): Historic partnership with the Ministry of Armed Forces for a €1B, 10-year contract focused on military space capabilities.

Pernod Ricard (RI): Major internal reorganization in response to declining sales, with possible departures in Q4 2025.

Saint-Gobain (SGO): Acquisition of Maturix, Danish leader in connected concrete. Strengthening the digitalization of construction sites.

Have a great session everyone!
Sylvain Mouilhaud: Stocks Coach.