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NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

01/04/2026 - Index/Markets

Public Securities Market: Cameroon Plans to Raise 580 Billion FCFA in 3 Months§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">In the provisional issuance calendar published on March 30, 2026, by the central bank of the six CEMAC countries, the Cameroonian government announced its plan to raise 580 billion FCFA on the public securities market of the&nbsp;</span><a><span style="font-size:14.0pt;line-height:107%; font-family:&quot;Bookman Old Style&quot;,serif">Bank of Central African States (BEAC)</span></a><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">, between April and June 2026.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">The Public Treasury aims to raise 160 billion FCFA in April, 155 billion FCFA in May, and 265 billion FCFA in June. To achieve this objective, the State will use two financial instruments. These are Fungible Treasury Bills (BTA), with short maturities (13 to 52 weeks), and Fungible Treasury Bonds (OTA), with long maturities (2 to 15 years). With 580 billion FCFA to be raised in just three months, Cameroon is embarking on a decisive quarter. Beyond the amounts, investors will scrutinize the sustainability of the debt pace and the ability to rebalance financing towards the long term.</span></p>

01/04/2026 - Sectors

Nigeria's Private Sector: Growth Strengthens in March§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The latest Purchasing Managers' Index (PMI) from the Central Bank of Nigeria (CBN) indicates that the country's economic activity continued its expansion in March 2026, supported by widespread progress across key sectors. <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The bank reports that growth remained broadly distributed, with 31 out of 36 sub-sectors expanding. The industrial sector led the momentum, posting a PMI of 54.0 points, driven by increased manufacturing and production activities. Fourteen of the 17 industrial sub-sectors recorded growth, reflecting the robustness of the recovery.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Agriculture remained resilient, with a PMI of 52.8 points, marking a twentieth consecutive month of expansion. All agricultural sub-sectors progressed, with forestry leading the way.<o:p></o:p></span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">The services sector recorded a PMI of 52.0 points, extending its expansion phase to fourteen months, although the pace of growth slightly slowed. The majority of sub-sectors progressed, despite contractions observed in professional, scientific, and technical services, as well as in accommodation and food services. The education segment showed the strongest increase.</span></p>

01/04/2026 - Sectors

Fisheries and E-commerce: Two Grant Agreements Signed Between the DRC and the WTO§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The 14th Ministerial Conference of the World Trade Organization (WTO), on the development of Special Economic Zones (SEZs), was held in Yaoundé. On this occasion, two agreements were concluded by the Democratic Republic of Congo. <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">One of the agreements concerns fisheries subsidies and the other e-commerce. Julien Paluku, Minister of Foreign Trade, stated that "regarding the global fisheries subsidies agreement, it has been observed that fish resources are at risk of depletion due to illegal fishing in the oceans. In the long term, this situation could lead to significant shortages. This agreement therefore aims to prohibit major powers from engaging in illegal fishing activities in international waters, as these resources are essential for all of humanity." <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">He also indicated that "the DRC has also signed an agreement concerning e-commerce. The objective of this agreement is to reduce human intervention in commercial transactions and to limit the risks of financial manipulation."<o:p></o:p></span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">This agreement, he said, is an important outcome of the Yaoundé meeting, marking the DRC's accession to the Agreement on Investment Facilitation for Development.</span></p>

01/04/2026 - Sectors

Growth in Africa: Downside Risks According to AfDB§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The African Development Bank published its 2026 report on Africa's macroeconomic performance and outlook on Monday, March 30, 2026, in Abidjan, notably reporting a continental GDP growth rate estimated at 4.2% in 2025, compared to 3.5% in 2024. It announced that the shock of the Middle East conflict on the African economy could prove modest.</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif"><br></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif"> <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">In the presentation of the report, AfDB President, Sidi Ould Tah, indicated that this growth progression was widely shared across the continent. "Africa currently has 12 of the world's 20 most dynamic economies in 2025, which is a source of pride for us," he emphasized.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">According to projections, the continent's economic growth is expected to reach 4.3% in 2026 and 4.5% in 2027, supported notably by private consumption, easing monetary conditions, and rising external demand.<o:p></o:p></span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">In its report, the AfDB indicates that across the continent, debt service obligations absorb more than 31% of public revenues, thereby crowding out investments in health, education, and infrastructure.</span></p>

01/04/2026 - Index/Markets

Stock Market: Strong increase of nearly 189 billion FCFA in capitalization§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The stock market capitalization of the Regional Stock Exchange (BRVM) recorded a strong increase of 188.589 billion FCFA. This was at the end of the trading session on Tuesday, March 31, 2026. <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">The stock market capitalization of the BRVM stood at 15,740.560 billion FCFA compared to 15,551.971 billion FCFA on Monday, March 30, 2026. This strong increase follows that of the BRVM composite index, which gained 1.21% to 408.25 points compared to 403.36 points the day before. As for the BRVM 30 index, it also strongly increased by 1.31% to 191.47 points compared to 189.00 points the day before. Meanwhile, the BRVM Prestige index rose by 0.71% to 160.15 points compared to 159.02 points previously. As for the BRVM Principal index, it advanced by 1.10% to 283.22 points compared to 280.15 points the day before.&nbsp;<br> <br> The BRVM Composite Total Return Index (Overall Market Return Index) recorded a negative change of 1.21% to 157.21 points compared to 155.33 points the day before.<br> <br> The bond market capitalization recorded an increase of 1.12 billion FCFA, rising from 11,969.712 billion FCFA the day before to 11,970.832 billion FCFA on Tuesday, March 31, 2026.<br> <br> The total value of transactions stood at 2.493 billion FCFA compared to 1.826 billion FCFA the day before.<br> <br> The Top 5 highest price increases are occupied respectively by SAFCA Côte d’Ivoire (up 7.49% to 7,030 FCFA), Unilever Côte d’Ivoire (up 5.11% to 60,000 FCFA), Sicable Côte d’Ivoire (up 4.62% to 3,400 FCFA), Sucrivoire Côte d’Ivoire (up 3.87% to 1,610 FCFA), and Orange Côte d’Ivoire (up 3.75% to 15,200 FCFA).<br> <br> The Flop 5 largest price decreases are occupied by TotalEnergies Marketing Sénégal (down 2.99% to 3,250 FCFA), EVIOSYS Packaging SIEM Côte d’Ivoire (down 2.44% to 2,000 FCFA), SITAB Côte d’Ivoire (down 1.83% to 21,500 FCFA), NEI CEDA Côte d’Ivoire (down 1.75% to 1,405 FCFA), and Société Ivoirienne de Banque Côte d’Ivoire (down 1.43% to 6,900 FCFA).</span></p>

01/04/2026 - Economy/Forex

Currency: US dollar stable, Australian, New Zealand dollars and yen up§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">This Wednesday, the dollar remained stable after Trump's statements that the war against Iran could soon end. Meanwhile, the<b> </b></span><span style="font-size:14.0pt; line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">Australian and New Zealand dollars</span><span style="font-size:14.0pt;line-height:107%; font-family:&quot;Bookman Old Style&quot;,serif">&nbsp;rallied on Wednesday. <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">The dollar</span><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;remained broadly stable on Wednesday, as gains from safe-haven demand faded, after&nbsp;</span><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">US President Donald Trump</span><span style="font-size:14.0pt; line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">&nbsp;said the war with Iran could end in the coming weeks, even as conflicting signals about the conflict kept investors on edge. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.03% to 99.70, while the euro rose 0.21% to $1.1576. The dollar has benefited from safe-haven demand since the conflict began in late February, and the United States, a net energy exporter, is also relatively better positioned than other nations to cope with oil disruptions.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The&nbsp;</span><span style="font-size:14.0pt; line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">Australian and New Zealand dollars</span><span style="font-size:14.0pt;line-height:107%; font-family:&quot;Bookman Old Style&quot;,serif">&nbsp;rallied on Wednesday, as investors clung to hopes of progress towards ending the Gulf War, which triggered a surge in stock markets and boosted appetite for risky assets.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The Australian dollar strengthened 0.2% to $0.6915, after bouncing from its 10-week low of $0.6834 reached overnight. A break above $0.6945 was needed to improve a bearish technical outlook.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The New Zealand dollar stabilized at $0.5746, after also rising from its 10-week low of $0.5698 reached overnight.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">The yen rallied after hitting its lowest level of the year at 160.46 per dollar, moving back above the important psychological threshold of 160 which had fueled fears of intervention by Japanese authorities. The Japanese yen appreciated 0.11% against the dollar, reaching 158.55 yen per dollar. It remained stable after the release of the Bank of Japan's quarterly Tankan survey,</span><span style="font-size:11.0pt;line-height:107%;font-family:&quot;Calibri&quot;,sans-serif; mso-ascii-theme-font:minor-latin;mso-fareast-font-family:Calibri;mso-fareast-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:&quot;Times New Roman&quot;; mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR;mso-fareast-language:EN-US; mso-bidi-language:AR-SA"><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif"> which revealed an improvement in business sentiment among large Japanese manufacturers in the three months leading up to March. This sign indicates that the growing economic uncertainty related to the conflict in the Middle East has not yet affected business morale.</span></span></p>

01/04/2026 - Raw materials

Hydrocarbon: Oil Rises Over 1%§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">Oil rose</span><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">&nbsp;by over 1% on Wednesday. Brent futures extended gains after a record monthly rise in March, with Middle East volatility keeping markets on edge despite reports that the US-Israeli war against Iran could soon end.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">The front-month Brent contract for June climbed $1.40, or 1.4%, to $105.37 a barrel by 04:30 GMT.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">Brent recorded a record monthly gain of 64% in March, according to LSEG data going back to June 1988.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">Meanwhile, US West Texas Intermediate (WTI) crude futures for May rose $1.59, or 1.6%, to $102.97 a barrel.<o:p></o:p></span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">Prices recovered some of their losses from Tuesday, when Brent futures for June delivery closed down more than $3 following unconfirmed media reports that the Iranian president was ready to end the war.</span></p>

01/04/2026 - Raw materials

Gold: slight progression§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Supported by a weaker dollar, </span><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">gold prices&nbsp;</span><span style="font-size:14.0pt;line-height:107%; font-family:&quot;Bookman Old Style&quot;,serif">rose slightly on Wednesday to reach their highest level in nearly two weeks. US President Donald Trump said that the war with Iran could end within two to three weeks. <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Spot gold rose 0.4% to $4,685.79 an ounce at 02:28 GMT, after hitting its highest level since March 20 at $4,723.21 earlier in the day.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">US gold futures for April delivery gained 0.8% to $4,713.40.<o:p></o:p></span></p><p> <span style="font-size:11.0pt;line-height:107%;font-family:&quot;Calibri&quot;,sans-serif; mso-ascii-theme-font:minor-latin;mso-fareast-font-family:Calibri;mso-fareast-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:&quot;Times New Roman&quot;; mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR;mso-fareast-language:EN-US; mso-bidi-language:AR-SA"><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">Spot silver</span></span><span style="font-size:14.0pt; line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif;mso-fareast-font-family: Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family:&quot;Times New Roman&quot;; mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">&nbsp;fell 0.8% to $74.53 an ounce, platinum gained 0.7% to $1,963.22, and palladium rose 0.6% to $1,484.84.</span></p>

01/04/2026 - Raw materials

Metals: Copper hits two-week high§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Copper hit a two-week high on Wednesday, with investors betting on signs of de-escalation in the ongoing Middle East war.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Benchmark three-month copper on the London Metal Exchange advanced 1.03% to $12,463 per metric ton as of 0243 GMT, after earlier hitting $12,414, its highest since March 18.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The most-active copper contract on the Shanghai Futures Exchange gained 1.54% to 97,030 yuan ($14,093.57) a ton, after rising to 97,250 yuan, its highest since March 19.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The red metal has recently been under pressure, with rising oil prices amid the war clouding growth prospects and fueling inflation fears.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">London copper fell 7.55% in March, its worst month since June 2022, following attacks by the United States and Israel against Iran.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Elsewhere on the LME, aluminum edged down 0.17%, zinc was little changed, up just 0.03%, lead gained 1.26%, nickel advanced 0.91% and tin climbed 1.25%.<o:p></o:p></span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">Among other SHFE-listed metals, aluminum edged down 0.02%, zinc gained 0.15%, lead rose 1.21%, nickel edged up 0.07% and tin increased 1.47%.</span></p>

01/04/2026 - General Information

OF Morning Brief §§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Buoyed by hopes of an imminent end to the Middle East conflict following statements by US President Donald Trump that the United States would leave Iran "very soon," European stock markets are expected to open sharply higher on Wednesday.<br> &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Media and music holding company Vivendi announced that it has completed the acquisition of Prisma Media's luxury division, owned by Louis Hachette Group, which includes the French license for Harper's Bazaar, Côté Maison, IDEAT, MilK, and The Good Life.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Biotech company Nanobiotix announced on Wednesday that its cash reserves would allow it to finance its activities until early 2028. As of December 31, 2025, its cash reserves amounted to 52.8 million euros, compared to 49.7 million euros as of December 31, 2024.<br> On Tuesday evening, luxury group Kering and cosmetics group L'Oréal announced that they had finalized their strategic partnership in beauty according to the terms communicated on October 19, 2025, after obtaining approval from competition authorities.<br> &nbsp;&nbsp;<br> Cryogenic membrane specialist GTT, for its part, indicated that it received an order in the first quarter from South Korean shipyard Hanwha Ocean for the design of tanks for two new LNG carriers.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Electronic payments specialist Worldline announced the success of its capital increase of nearly 392 million euros. The operation, aimed at financing the "North Star 2030" recovery plan, was oversubscribed by 121%, Worldline said in a statement.<br> Argan will publish its first-quarter revenue on Wednesday after the close of the Paris Stock Exchange.<br> Around 7:40 AM, the CAC 40 futures contract gained 1.8%, according to data from broker IG.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Following Wall Street and Asian markets, European equity futures are sharply higher on Wednesday morning, as investors hope for a swift resolution to the Middle East conflict.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Around 7:40 AM, the DAX 40 futures contract in Frankfurt gained 2.1%, while the FTSE 100 in London rose 1%, according to data from broker IG.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Donald Trump stated on Tuesday evening, during a press conference in the Oval Office, that the United States would leave Iran "very soon." The United States would not need to stay in the region for more than "two or three weeks," he affirmed.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">White House spokeswoman Karoline Leavitt indicated that the US President intends to deliver a speech on Wednesday evening to give "an important update on Iran." <br> US Secretary of Defense Pete Hegseth, for his part, stated that the coming days of the war with Iran would be decisive, adding that the United States would "negotiate with bombs" until Tehran renounces its ambitions.<br> "Iran knows this, and there's almost nothing they can do militarily about it," he affirmed on Tuesday during a press briefing.&nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Meanwhile, the United Arab Emirates are preparing to help the United States and other allies open the Strait of Hormuz by force, Arab officials said. Emirati diplomats urged the United States and military powers in Europe and Asia to form a coalition to open the strait by force, a UAE official stated.<br> On Tuesday, the New York Stock Exchange recorded its strongest gain in ten months as oil prices fell due to hopes of de-escalation in the Middle East.&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Following another decline, the market reacted very favorably to reports that Donald Trump was ready to end the war with Iran even without reopening the Strait of Hormuz. Iranian President Massoud Pezeshkian, for his part, affirmed on Tuesday that his country was willing to end the war, but wanted guarantees that hostilities would not resume.&nbsp;<br> The Dow Jones index gained 2.5% on Tuesday, to 46,341.51 points, and the S&amp;P 500 rose 2.9%, to 6,528.52 points. The technology-heavy Nasdaq Composite climbed 3.8%, to 21,590.63 points.<br> In Asia, the Nikkei index of the Tokyo Stock Exchange jumped 4.9% on Wednesday at the end of the session. The Shanghai Composite index gained 1.6%, while the Hang Seng of the Hong Kong Stock Exchange rose 2.3%.<br> &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The two-year bond yield fell 3.7 basis points, to 3.77%.&nbsp;Around 7:40 AM, the yield on the ten-year US Treasury bond lost 3.3 basis points, to 4.29%. <br> &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The greenback was stable against the Japanese currency, at 158.71 yen.&nbsp;Around 7:40 AM, the euro gained 0.2%, to 1.1578 dollars. <br> &nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">After their sharp decline the previous day, oil futures are rising this morning. Around 7:40 AM, the June contract for North Sea Brent crude traded in London gained 26 cents, or 0.3%, to 104.21 dollars per barrel. The May contract for West Texas Intermediate (WTI) crude traded on Nymex rose 66 cents, or 0.7%, to 102.04 dollars per barrel. &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Priyanka Sachdeva, an analyst at Phillip Nova, indicated that prices are more influenced by diplomatic signals than by physical flows. <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Unless the Strait of Hormuz fully reopens, investors will likely continue to buy on dips. The conflict restricts supply faster than demand can adjust, she specifies. <o:p></o:p></span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">Even after a potential ceasefire, transportation costs and tanker traffic will likely take time to return to normal levels. The actual damage to oil infrastructure will also only be assessed after the fact, she adds.</span></p>

31/03/2026 - Compliance

Misappropriation of Funds: Dmitry Klyuev, prosecuted by the National Financial Prosecutor's Office §§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Dmitry Klyuev's trial is taking place on Monday, March 30. He is being prosecuted by the National Financial Prosecutor's Office and is accused of being at the heart of a sprawling case that led businessman Bill Browder to lose his investment fund in Russia and to find himself in the Kremlin's crosshairs.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Bill Browder, an American businessman who became a British citizen, is pursuing what he describes as a clique of Russian mobsters accused of embezzling no less than 230 million dollars to his detriment and to the detriment of the Russian tax authorities. A massive fraud, extensively documented by the justice systems of several countries, will be at the heart of a trial at the Paris Judicial Court this Monday, March 30.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The case began in 2007 when a group of Russian fraudsters, benefiting from documented links within the police, judiciary, and tax authorities, fraudulently took control of three of Bill Browder's companies in Russia. These prosperous subsidiaries were forced to pay the colossal sum of 230 million dollars to the tax authorities, which was then misappropriated by the criminals.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">A certain Dmitry Klyuev is implicated in the referral order for "aggravated money laundering." The 58-year-old, whom Browder identifies as the ultimate beneficiary of the 230 million dollar fraud, "has been consistently presented as a member of the Russian criminal underworld, specializing notably in economic and financial crime," "convicted as such in the early 2000s," describes the investigating judge.<o:p></o:p></span></p><p class="MsoNormal"> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-bidi-font-family:SimSun;mso-ansi-language: FR;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">The investigation established that Dmitry Klyuev spent at least 2.1 million euros in France between 2008 and 2012, using funds considered to be of criminal origin. In France, Dmitry Klyuev faces a sentence of ten years in prison, a fine of 750,000 euros, and the confiscation of assets linked to money laundering.</span></p>

31/03/2026 - Sectors

Regional Financial Market: CGF Bourse, Best SGI in WAEMU§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">During the 7th edition of the BRVM Awards held in Dakar on March 26 and 27, 2026, CGF Bourse, the oldest Senegalese asset management and brokerage firm (SGI), won the most coveted BRVM Awards trophy in the regional financial market: Best Asset Management and Brokerage Firm (SGI) in WAEMU.<b><o:p></o:p></b></span></p><p class="MsoNormal"><b><span style="font-size:14.0pt;line-height:107%; font-family:&quot;Bookman Old Style&quot;,serif">&nbsp;</span></b></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">For the second consecutive year, Compagnie de Gestion Financière et de Bourse, also an official partner of this 7th edition, won the most coveted trophy in the regional financial market, establishing itself as the gold standard for stock market intermediation in West Africa.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The ceremony is held under the evocative theme: "BRVM at the crossroads of technology and sustainability for better financing of WAEMU economies." A theme tailor-made for an institution like BRVM, which has made innovation and sustainable vision the pillars of its model.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Behind this distinction lies a strong vision of finance: that of a strategic tool at the heart of the region's sustainable transformation.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">This double triumph is not the result of chance. It is the logical culmination of a long-term trajectory, marked by bold strategic decisions and a rare ability to anticipate market changes.<o:p></o:p></span></p><p class="MsoNormal"> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-bidi-font-family:SimSun;mso-ansi-language: FR;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">CGF Bourse consolidated its market share at 12.16%, driven by a particularly dynamic strategy in the institutional investor segment, allowing it to maintain its rank as the second SGI in WAEMU in a sector undergoing significant restructuring, where competition has never been so fierce.</span></p>
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