CAC 40 PRE-OPEN: 7,808 points (+0.36%)
After two losing sessions, the CAC 40 starts the day on a more stable note, driven by the expected Fed decision to cut rates by a quarter point (4.00%-4.25%). However, Jerome Powell moderates hopes for further rapid cuts, citing risks to employment.
Key stocks of the day
Kering (KER): Major strategic shift at Gucci with Francesca Bellettini appointed as head of the brand, after just 9 months for Stefano Cantino.
Thales (HO): Secures a record €450m loan from the EIB for its R&D programs in aeronautics and radar.
Veolia (VIE): Successfully issues €850m in hybrid debt.
Eramet (ERA): Moody's downgrades rating to 'B1' with negative outlook, due to sharp deterioration in its financial indicators.
Nanobiotix (NANO): Shows encouraging results in the Phase 1 "Study 1100" at the Immunorad 2025 congress.
Esso (ES): Reports an operating loss of -€158m in H1 2025, impacted by negative inventory effects.
Drone Volt (ALDRV): Revenue drops sharply (-82%) but gross margin quadruples thanks to strategic repositioning.
GTT (GTT): New order from Samsung Heavy Industries.
Grolleau (ALGRO): Increases stake to 75% in OMP Mechtron.
Solutions 30 (ALS30): Deepens losses in H1, heavily impacted by activities in France.
Euronext (ENX): Considering extending trading hours for agricultural products.
Today's expected company results
- ALTAMIR (LTA) – Q2 2025 Results
- SAVENCIA (SAVE) – Q2 2025 Results
- BOIRON (BOI) – Q2 2025 Results + operating activity update
- AKWEL (AKW) – Q2 2025 Results
- SQLI (SQI) – Q2 2025 Results (estimate)
- EUROFINS CEREP – Q2 2025 Results (estimate)
- CROSSJECT (ALCJ) – Q2 2025 Results (estimate)
- DAMARTEX (ALDAR) – Q4 2025 Results
Analyst recommendations (France only)
**Rating changes**
Upgrades Legrand (LR) → Price target raised from €143 to €148, overweight rating maintained.
Neutral Virbac (VIRP) → Hold rating maintained, price target lowered from €346 to €333.
Downgrades Eramet (ERA) → Moody’s credit rating cut from ‘Ba3’ to ‘B1’ with negative outlook.
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Have a great trading session, everyone!
Sylvain Mouilhaud: Equity coach.
