Rolls Royce doubles in size in one week (foreign equity debriefing) – L'Echo

The main European indices punctuated the last session of the week in the green. Rolls Royce sparked and BASF bit the dust.

Still driven by hopes for a political agreement across the Atlantic on the much-awaited recovery plan for the US economy, European indices continued to rebound. Like the day before, the CAC 40 Parisian and the FTSE 100 of the London Stock Exchange remained comfortably installed in the green, gaining at the bell 0.71% and 0.65%.

The Dax of the Frankfurt Stock Exchange also gained points, but the German index changed direction several times before punctuating the session with a bullet jump of 0.07%.

I have to say that BASF weighed down the mood on the German market. The chemist reported heavy losses in the third quarter during the session and expects to end fiscal 2020 on the knees. A warning that made investors flee, the BASF title dropping 3.78% to finish dead last of the Dax. The group has seen its market capitalization shrink by nearly 20% since the start of the year.

Also in Frankfurt, the German ready-to-wear group Zalando (+ 3.18%) had a good session after raising its annual operating profit forecast after a strong third quarter.

In the London market, Rolls Royce The British engine manufacturer has had the best week in its stock market history since joining the London Stock Exchange in 1987, practically doubling in volume over the last 5 days. This Friday, the title of the engine manufacturer jumped 16.04% still driven by the fundraising of five billion pounds announced last week. Since then, it has not stopped climbing. Enough to forget its downturn of 66% since the start of the year.

Euronext, the pan-European platform which manages the Brussels Stock Exchange in particular, has acquired the Milan Stock Exchange for 4.33 billion euros. If the operation confirms the status of heavyweight of the continent for Euronext, it did not however conquer the hearts of investors, the Euronext title having fallen by 4.39% on Friday.

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