📊 100% French Stocks – Tuesday, June 24, 2025

Geopolitical easing and falling rates? Markets are in rally mode this morning!

Donald Trump announces a ceasefire between Israel and Iran, coming into effect at 7:10 am. Add to that two Fed members now open to a rate cut as soon as July… Result: global markets are firmly up before the open.

CAC 40: 7,649 points (+1.50%)

Macroeconomic context:

Ceasefire confirmed between Israel and Iran ➜ geopolitical easing
Fed: two members discuss possible rate cuts
Asian markets performing strongly: Seoul +2.8%, Tokyo +1.2%, Hong Kong +2%
European and US futures in the green this morning

Key moves of the day

OVH Groupe (OVH): Q3 revenue up by +9.3%. Solid momentum despite competitive pressures.
Alstom (ALO): Confirms a mega-order of €1.7bn for 96 RER trains.
Engie (ENGI): CEO warns: the French moratorium on renewable energy threatens €5bn of investments.
Interparfums (ITP): Reviewing a merger with its holding company.
Stif: Firm offer signed to acquire 100% of StuvEx, Belgian explosion protection expert.
The Blockchain Group: Acquired 75 bitcoins ➜ reserve increased to 1,728 BTC.
Exail Technologies (EXA): Major contract signed with the Indonesian navy.
Groupe Indosuez: Buys out BNP’s wealthy clients.
Bic (BB): CFO stepping down on July 11, 2025.
Danone (BN): Signs Carlos Alcaraz as new brand ambassador.
LVMH (MC): Ludovic Pauchard named group industrial director.
FDJ United (FDJ): Targets EBITDA margin of >26% in 2028.
Verallia (VRLA): FPCE will not tender its shares to the BWGI takeover bid.

Company results expected today

OVH Groupe (OVH): Q3 2025 (activity) results ➜ already published at 07:00
Groupe Partouche (PARP): Q2 2025 results expected
Vente-unique.com (ALVU): Estimated Q2 2025 results

Analyst recommendations (French companies only)

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No changes today

Neutral

Kering (KER) → Price target lowered from €210 to €200, "Hold" recommendation.
Soitec (SOI) → Rating maintained, price target lowered from €55 to €50.

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Have a great session, everyone!
Sylvain Mouilhaud – Stock Coach.