Wednesday, October 9, 2024

French and Benelux stocks: Factors to watch

September 30, 2024

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks.

FRENCH POLITICS

Le Monde reported that France's new Premier Michel Barnier was considering a temporary rise in corporate tax for the biggest companies of France, as well as taxation on share buybacks.

EV IMPORTS

Bloomberg News, citing sources familiar with the issue, reported that on Sunday, October 4, the European Union plans to vote whether or not to impose tariffs on imported Chinese electric vehicles.

The French IT company in trouble announced on Friday that it had received the approval of more than two-thirds (or two-thirds) of its creditors and shareholders to move forward with an accelerated safety plan.

Engie Brasil won the power transmission auction in Brazil held on Friday. The company secured a contract for building transmission lines and understations in 5 states, with an investment of 2.9 billion reals ($533.8 millions).

STELLANTIS

The United Auto Workers union urged U.S. employees to vote for a strike after accusing the French and Italian car manufacturer of not keeping its promises.

VIVENDI

The Company has entered into financing agreements worth 2 billion euros. Pan-European market data: European Equities speed guide................... FTSE Eurotop 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurotop 300 sectors..................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt items......... CAC-40................. Paris items............ World Indices..................................... survey of world bourse outlook......... European Asset Allocation........................ News at a glance: Top News............. Equities.............. Main oil report........... Main currency report.....

(source: Reuters)

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