European equity markets are expected to open without a clear direction ahead of the release of US inflation data, capping off a particularly busy week for corporate earnings. On Friday, Safran announced it anticipates better results in 2026 and has raised its targets for 2028, after improving its profitability last year thanks to strong demand in the secondary market for its civil aircraft engines. Yesterday, Wall Street closed sharply lower, with investors pulling back from technology stocks amid concerns related to AI.



Stocks to Watch Today

Capgemini
Capgemini reported a 3.7% decrease in EPS to 9.46 euros for 2025, but a 5.8% increase to 12.95 EUR on a normalized basis, with an operating margin rate maintained at 13.3% and stable organic free cash flow at 1.95 billion EUR.

L'Oréal
L'Oréal announced Thursday evening that its business growth accelerated in the fourth quarter, though it fell short of analysts' expectations. In reported terms, sales for the world's number one cosmetics company rose by 1.5% to 11.25 billion euros over the last three months of the year. On a like-for-like basis, the group posted organic growth of 6% in the fourth quarter, marking a clear acceleration compared to the 4% internal growth achieved over the full year.

TF1
 The media group announced it had achieved its revised targets for 2025 in a persistently challenging advertising environment. Consolidated revenue came in at 2.29 billion EUR, down 2.5%, and nearly stable on a like-for-like and constant currency basis.

Ubisoft Entertainment
 Ubisoft announced Thursday that it recorded double-digit year-on-year revenue growth, exceeding expectations in its third shifted quarter ending in December—a performance that does not seem sufficient to fully reassure the market after last month's dramatic warning. The French video game group reported net bookings of 338 million euros for the last three months of 2025, a 12% increase year-on-year.



Macroeconomic Data
In the eurozone, fourth-quarter GDP will be published at 11:00. 
In the United States, January inflation data will be released at 14:30. 

At around 8:30, the euro was down 0.14% at 1.1853 dollars.


Yesterday in Paris

European equity markets closed without a clear direction in this penultimate session of the week. A special mention goes to the Paris stock exchange, which outperformed other major financial centers on the Old Continent. The CAC 40, which hit a high of 8,437.35 points in the morning, saw its daily gains abruptly drop at the end of the session, falling by more than 1% to finish up just 0.33% (8,341 points). The Euro Stoxx 50 finally slipped 0.51% to 6,005 points. London and Frankfurt fell by 0.75% and 0.11%, respectively.


Yesterday on Wall Street

US equity markets closed the penultimate session of the week on a negative note, on the eve of the inflation data release. The Dow Jones fell 1.33% to 49,454 points and the Nasdaq dropped 2.03% to 22,597 points. Market participants digested a decline in existing home sales, while weekly jobless claims came in higher than expected. Cisco ended under pressure despite a better-than-expected quarterly report.