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 âžś 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 âžś 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 âžś 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)
Upgrade
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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No changes today
Your opinion? Which stocks will you be watching today?
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Have a great session, everyone!
Sylvain Mouilhaud – Stock Coach.
