Trading session: all you need to know today

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Trading session: all you need to know today
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Company news, economic statistics, technical analysis of the CAC40, Wall Street … all you need to know for this trading session.

European equity markets are expected to fall in opening in the wake of Asian markets. The tension between the United States and China has gone up a notch last night with the arrest in Canada of the financial director of the Chinese giant Huawei. Meng Wanzhou is believed to have violated US sanctions against Iran, where she could be extradited. In addition, investors are looking forward to the conclusion of the meeting of OPEC today. The cartel is expected to announce a decline in production to support oil prices.

The values ​​to follow today

ABIVAX

Abivax has received authorization from the Data Monitoring and Monitoring Committee (DSMB) to continue the extension study of the phase 2a clinical trial in patients with ulcerative colitis. The randomized, double-blind, placebo-controlled clinical induction trial demonstrated good tolerability and statistically significant efficacy based on clinical and endoscopic criteria.

INSIDE SECURE

The French Inside Secure has signed an exclusive agreement for the acquisition of the American company Verimatrix, an unlisted company based in San Diego, California. The transaction will be completed in cash at an aggregate price of approximately $ 143 million at the date of completion of the transaction (including the reversal of an estimated $ 18 million in net cash), to which will be added potential price supplement payable in the second quarter of 2019 estimated at $ 9 million. Inside Secure says the operation is fully funded.

L'OREAL

L'Oréal announces the launch of BOLD (Business Opportunities for L'Oréal Development), a private equity fund intended to take minority stakes in innovative start-ups with high growth potential. "Aiming to invest in new marketing models, R & I, digital, distribution, communication, supply and packaging, this fund will support start-ups by providing their expertise, its network and a mentoring device," explains the group.

Latécoère

Latécoère is lowering its financial outlook for 2019 in the wake of start-up costs and additional investments. Thus, the aeronautical equipment manufacturer explains that "the start-up costs of the Interconnection Systems division and the progress of the Transformation plan in the Aerostructures branch will generate a positive recurring operating margin and negative free operating cash flow. "

From the statistics side

In the United States, investors will be aware at 14:15 of the ADP survey on employment in November. The trade balance in October and weekly jobless claims will be unveiled at 14:30. The orders to the industry in October will be finally communicated at 16h. Around 8:25, the euro fell 0.11% to 1.1334 dollar.

The technical analysis of the CAC40

From the point of view of graphical analysis, the design office DayByDay observes the formation of a third black candle with a fence at the lowest of the session. A bearish gap has now been opened when the support breaks at 4979 points. A figure begins to take shape: by connecting the 3 descending tops between them, there is a downward pressure that would fit in a descending triangle. The problem is not the figure itself, but rather its potential: around 4500 points.

Yesterday in Paris

European markets again closed down. In the absence of Wall Street, investors continued to question the evolution of the trade war. The same is true for the risk of reversal of the yield curve in the United States, considered as a leading indicator of recession. Lastly, the publication of the Composite Purchasing Managers Index in the euro zone will not have clarified the picture. This indicates a slowdown in growth in the private sector. The CAC 40 lost 1.36% to 4,944.37 points and the EuroStoxx50 yielded 1.22% to 3,150.27 points.

Yesterday on Wall Street

Wall Street was closed yesterday because of the death of President George Bush.