European stock markets are expected to rebound at Thursday's open following President Donald Trump's announcement of a deal on Greenland. On his Truth Social network, the American president confirmed that he had devised the “framework for a future agreement” with NATO President Mark Rutte, though he provided no further details. As a result, he will not impose the planned 10% tariffs on imports from certain European Union countries (France, Germany, Denmark, etc.). The CAC 40 is forecast to gain 0.84%. On the corporate front, Interparfums has announced a rise in sales for the 2025 fiscal year.

Stocks to Watch Today

 Interparfums
 Interparfums posted, “given a slightly better than expected year-end,” a 2025 revenue at constant exchange rates of 918 million euros, representing organic growth of 4.3% compared to 2024. The weak dollar weighed on revenue at current exchange rates, which rose by 2.1% to just under 900 million euros, a growth that nevertheless “reflects the strength of the group’s flagship brands in an ever-complex environment.”

Ipsen
 The French pharmaceutical company has prevailed before the International Chamber of Commerce (ICC), putting an end to a major dispute with Galderma and securing its R&D portfolio. The ICC Arbitral Tribunal issued a final decision in favor of Ipsen, rejecting all of Galderma’s claims. This procedure followed Ipsen’s termination of a research and development (R&D) agreement.

Michelin
 Bibendum’s preliminary financial figures for 2025 show free cash flow before acquisitions of 2.1 billion euros, exceeding the previously indicated range (between 1.5 and 1.8 billion euros) announced on October 13, 2025. Michelin notes that this outperformance is mainly due to disciplined investment spending and rigorous management of operations impacting working capital requirements (inventory, supplier debts, and customer receivables).

Ubisoft
 Ubisoft has announced a major overhaul of its organization, operating model, and portfolio in order to regain creative leadership, increase agility, and return to sustainable growth, while aiming for a more robust cash generation. This transformation is built around three pillars: the implementation of a new operating model, a refocused portfolio supported by a significantly revised three-year roadmap, and an adjustment in the size of the organization.

Macroeconomic Data

 In the United States, weekly jobless claims data will be released at 2:00 pm.

In the United States, the PCE price index for November and household spending and income data for the same month will be published at 4:00 pm.

US natural gas inventory data will be released at 4:30 pm, followed by crude oil inventory figures at 6:00 pm.

As of 8:30 am, the euro is up 0.06% at 1.1693 dollars.

Yesterday in Paris

 In a context of heightened geopolitical tensions, not all European markets rebounded at the close of Wednesday’s session. The Dax continued its downward trend (-0.49%), its fourth consecutive decline, as did the Eurostoxx 50, which ended with a slight dip of 0.06% at 5,888.70 points. In contrast, the CAC 40 closed slightly higher, ending a streak of seven consecutive declines. An eighth straight drop would have marked an unprecedented series since mid-November 2017. The Paris benchmark index edged up 0.08% to 8,069.17 points. London and Amsterdam advanced by 0.13% and 0.39%, respectively.

Yesterday on Wall Street

 US indices closed Wednesday’s session with a sharp rebound after an unexpected easing of tensions between the United States and Europe over the Greenland issue. Following the announcement of a future agreement with NATO on Greenland, Donald Trump does not plan to impose 10% tariffs on exports from certain European Union countries as of February 1. In this context, the S&P 500 gained 1.16% to 6,875.62 points. The Dow Jones rose 1.21% to 49,077.23 points, and the Nasdaq 100 ended up 1.36% at 23,224.82 points.