After a brief moment of hesitation, European stock markets have come to their senses and are now moving in positive territory. However, the context is not devoid of concerns, whether it is the progression of the Covid-19 pandemic, and its economic impact, or the lack of concrete progress on the new American recovery plan. The Treasury Secretary has also refused to extend several Fed emergency loan programs, which will expire at the end of the year. Around 11:50am, the CAC 40 gained 0.89% at 5,523.16 points and the EuroStoxx50, +0.68% at 3,475.36 points

Altice Europe rose by 0.60% to 4.35 euros after the publication of results that exceeded expectations yesterday evening. Patrick Drahi's group, listed in Amsterdam, in fact published sales of 3.774 billion euros in the third quarter of 2020, up 3.2% over one year (+4.1% at constant exchange rates), while analysts' consensus was on 3.703 billion. As for adjusted EBITDA, it rose 5.1% (+6.1% at constant exchange rates) to 1.482 billion euros, compared to 1.434

Veolia grew by 1.50% to 18.63 euros while Suez gained 0.6% to 16.23 euros a few hours after the decision of the Nanterre Commercial Court in favor of the world leader in environmental services. The President of the Commercial Court has in fact prohibited Suez from taking any decision likely to make irrevocable the foreign system for the inalienability of Eau France de Suez, designed and put in place to deter Veolia

Under the influence of Citi's downturn, Ubisoft (-1.42% to 79.16 euros) recorded one of the largest falls in the SBF120 index. The American bank is now Neutral on the video game publisher against Purchase and aims for 85 euros. While the research office expects Ubisoft to exceed its annual goals thanks to the success of Assassin's Creed Valhalla, it warns that the emergence of a vaccine poses a double risk. He evokes the hypothesis that commitment, which has recently increased, is weakening and penalizing growth. It could also push investors towards cyclical/value companies, reducing support for Ubisoft's valuation multiple

Today's macroeconomic figures

In Germany, producer prices rose by 0.1% in October 2020 compared to the previous month and fell by 0.7% annually. These changes are in line with consensus expectations.

In the eurozone, investors will learn about consumer confidence in the eurozone from November at 16:00.

Around 11:50am, the euro fell by 0.13% to 1.1855 dollars.