Ebbing worries about AI disruptions and a renewed risk appetite helped the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris scale a fresh peak. The index touched an all-time high of 8556.89 earlier in the trade. Data released earlier in the day showed the consumer confidence indicator in France recording 91 in February. Markets had expected a level of 90, matching the level in December. CAC 40 is currently trading at 8,540.57, rising 0.25 percent from the previous close ...

Banco BPM clears governance overhaul, opening door for bigger Credit Agricole role | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A Credit Agricole logo outside a bank office in Reze, near Nantes, February 3, 2026. REUTERS/Stephane Mahe [Purchase Licensing Rights, opens new tab]- Companies- Summary- CA's choice will shape fund shareholders' representation- CA could gain seats via current board's list, or file its own- Bank's share ...

Core Viewpoint - The U.S. Supreme Court ruled that the global tariffs implemented by the Trump administration under the International Emergency Economic Powers Act (IEEPA) were unlawful, leading to asset price volatility and a focus on alternative legal measures for tariff implementation by the White House [1][2]. Group 1: Market Reactions - Following the Supreme Court's decision, the dollar index fell, U.S. Treasury prices dropped, and major U.S. stock indices saw limited gains, indicating a relatively mild market reaction [1]. - The market's positive response to the ruling is expected to be short-lived, as many market participants had anticipated this outcome [3]. - The ruling is seen as a temporary relief, reducing uncertainty but not ending the tariff narrative, as alternative legal avenues for tariffs remain [3][6]. Group 2: Fiscal Concerns - The ruling is expected to negatively impact the U.S. bond market, as the elimination of tariff revenue could exacerbate the federal budget deficit, potentially increasing it by $1.8 trillion [2][4]. - The absence of tariff revenue may lead to a higher issuance of bonds to cover the fiscal gap, contributing to upward pressure on long-term Treasury yields [4][5]. Group 3: Political Uncertainty - The focus has shifted to the political implications of the ruling, with Trump having multiple legal tools available for tariff implementation, though these may take longer to enact [6]. - The uncertainty surrounding potential alternative tariffs could impact U.S. economic growth prospects in the short term [6].

The European Central Bank has fined Credit Agricole €7.6 million ($9 million), after concluding that France’s second-largest lender failed to properly manage financially material climate-related and environmental risks. https://t.co/EsZ9xlkSzl ...

Core Viewpoint - Societe Generale is a significant player in the European banking sector, with a strong performance in 2025 driven by effective cost management and stable net interest income, despite facing challenges in certain segments [2][5]. Group 1: Company Overview - Societe Generale operates in three main segments: French Retail Banking, International Retail Banking and Financial Services, and Global Banking and Investor Solutions [1]. - The company competes with major European banks such as BNP Paribas and Credit Agricole [1]. Group 2: Financial Performance - RBC Capital raised its price target for Societe Generale from EUR 67 to EUR 74, reflecting confidence in the bank's financial performance, which exceeded expectations in 2025 [2][5]. - The bank's strong performance in French Retail operations contributed significantly to its financial success [2]. Group 3: Market Conditions - The European Central Bank's decision to maintain interest rates creates a favorable environment for European banks, including Societe Generale, supporting its operations in core markets [3][5]. - The bank's improved Return on Tangible Equity (ROTE) is reflected in its high price-to-earnings (P/E) ratio, suggesting that the stock may be fairly valued at its current price [3]. Group 4: Stock Performance - Currently, Societe Generale's stock is trading at $17.91, showing a 3.35% increase from the previous day [4]. - The stock has fluctuated between $17.66 and $18 on the current trading day, with a market capitalization of approximately $67.92 billion [4].

Economic Indicators - Private sector employment in the U.S. increased by 22,000 jobs in January, significantly below the expected growth of 45,000 jobs, following a downwardly revised increase of 37,000 jobs in December [25][26] - The modest increase was primarily driven by a jump in employment in the education and services sector, which added 74,000 jobs [26] Stock Market Performance - Major U.S. index futures indicate a flat open, with stocks lacking direction after a weak previous session [1] - The tech-heavy Nasdaq experienced a notable decline, dropping 336.92 points or 1.4 percent to 23,255.19, while the S&P 500 fell 58.63 points or 0.8 percent to 6,917.81, and the Dow decreased by 166.67 points or 0.3 percent to 49,240.99 [5] - Advanced Micro Devices (AMD) saw a significant drop of 10.1 percent in pre-market trading after disappointing first-quarter guidance, despite reporting better-than-expected fourth-quarter results [2][3] - Conversely, Super Micro Computer (SMCI) shares surged by 9.5 percent in pre-market trading after exceeding fiscal second-quarter estimates and raising its full-year revenue forecast [3] Sector Performance - Software stocks performed poorly, with the Dow Jones U.S. Software Index declining by 3.5 percent, marking its lowest closing level in over nine months [6] - Semiconductor stocks also faced substantial weakness, with the Philadelphia Semiconductor Index tumbling by 2.1 percent, and NXP Semiconductors (NXPI) shares dropping by 4.5 percent despite exceeding analyst estimates [7] - Retail giant Walmart (WMT) benefited from the rotation out of tech, surging by 2.9 percent and surpassing a $1 trillion market capitalization [7][8] - Gold stocks experienced a rebound, with the NYSE Arca Gold Bugs Index spiking by 4.4 percent amid rising gold prices [9] International Markets - Asian stocks ended mixed, with software stocks declining due to fears over AI impacting future growth [12] - The Eurozone's inflation rate dropped to 1.7 percent in January, below the 2 percent target, influenced by falling energy prices and a stronger euro [18] - The Eurozone private sector recorded its slowest growth in January, with a composite output index of 51.3, indicating expansion for the thirteenth consecutive month [20]

It is Wednesday, the fourth. Good morning, everybody, on today's agenda. UBS reports upbeat but wealth management raises questions.Sometimes they go shopping in the U.S. and trans-Atlantic software angst builds. European futures are currently flat, but that rotation trade in the US. And of course, the software selloff remains in focus.Another massive day for European earnings. NASDAQ 100 futures pointing lower. In fact, that was to close down 1.4%.The futures are flat, but this is what happened in terms of ...

Good morning. This is Bloomberg Daybreak Europe. I'm sure a lot of research with your top stories.Software stocks sync a new tool from anthropic fuels Disruption fears wiping $285 billion from software, financial services and asset management shares. Meanwhile, Bitcoin falls to its lowest level since Donald Trump's election win. UBS reports a fourth quarter profit beats and reveals plans to buyback $3 billion of its own shares.We'll bring you our interview with the CEO, Sir Roger, later this morning. Plus, ...

Core Viewpoint - The French lender experienced a 39% decline in profit compared to the same period last year, primarily due to an accounting charge related to its investment in Banco BPM, which overshadowed overall business growth [1] Group 1 - The profit decrease was significant, indicating potential challenges in the company's financial performance [1] - The accounting charge linked to Banco BPM was a major factor affecting profitability, suggesting that external investments can have substantial impacts on financial results [1] - Despite the profit drop, there was growth across other business segments, highlighting that not all areas of the company are underperforming [1]

Core Insights - Crédit Agricole Group reported strong financial results for 2025, with revenues of €39,558 million, up 3.9% year-on-year, and net income of €8,754 million, an increase of 1.3% compared to 2024 [1][34][33] - The company plans to increase its dividend to €1.13 per share, reflecting a 3% increase from 2024 [2] - The ACT 2028 Strategic Plan is on track, with a focus on growth across all business lines and a strong emphasis on digitalization and international expansion [3][7] Financial Performance - Revenues for Crédit Agricole S.A. reached €28,079 million, a 3.3% increase from 2024, while operating expenses rose by 4.9% to €15,628 million [1][54] - The cost/income ratio for Crédit Agricole S.A. was 55.7%, up 0.9 percentage points from the previous year, indicating a slight increase in operational efficiency [1][54] - The cost of risk increased by 6.6% to €1,973 million, reflecting a cautious approach to credit risk management [1][35] Customer Growth and Market Position - The Group gained 2.1 million new customers in 2025, with significant growth in retail banking, particularly in France [6][10] - On-balance sheet deposits totaled €847 billion, up 1.2% year-on-year, while outstanding loans reached €895 billion, a 1.7% increase [10][41] - The property and casualty insurance equipment rate rose to 44.7%, indicating a growing customer base in insurance products [10][41] Business Line Performance - The Asset Management division saw net inflows of €21 billion in the fourth quarter, driven by strong performance in both passive and active management [12][64] - Insurance revenues reached €13.1 billion in the fourth quarter, up 20.4% year-on-year, contributing to a record annual revenue of €52.4 billion [59] - Corporate and Investment Banking reported record revenues for both the quarter and the full year, benefiting from strong capital markets activity [14][5] Strategic Initiatives and Future Outlook - Crédit Agricole is set to launch several strategic initiatives in 2026, including a digital savings platform in Germany and enhanced offerings for young customers [16][20] - The Group aims to capture 8 million new customers by 2028, positioning itself as a leading bank for young people and expanding its market share in Europe [19][21] - Continued investment in energy transition financing is a priority, with low-carbon financing exposure increasing significantly [24][25]