Morning meeting AOF France / Europe – Drop in outlook after the Fed – 09/22/2022 at 08:33

(AOF) – The main European equity markets are expected to fall sharply at the opening in the wake of Wall Street and Asian markets. The Nikkei recently closed in Tokyo down 0.58%. The interest rate market is developing in a dispersed manner. While high rates in Europe gave little ground, US 10 yields continued to rise, supported by the Fed. Unsurprisingly, the latter raised its main key rates by 75 basis points to bring it to 3%-3.25%. Above all, it aims to increase them to 4.40% by the end of the year and 4.60% in 2023.

The values ​​to follow today

Bogart

Bogart signed a partnership with Slimane for the production and distribution of the first brand of natural hair products, under the name “Cousin.es”. The singer-songwriter and performer, through her company Odyssée Cosmetics, called on the French cosmetics group to create and develop expert and natural treatments dedicated to dry, frizzy, frizzy and frizzy hair and sensitive scalp .

Deezer

Deezer recorded better profitability on the back of double-digit revenue growth in the first half of 2022. The net loss was €51.9 million, a decrease of €8.8 million compared to the first half of 2021: -€60.7 million . Although the adjusted Ebitda of the music streaming specialist was negative at 24.6 million euros, it was an increase of 4.6 million euros compared to the first half of 2021. business increased by 12.1% to 219.4 million euros.

Infotel

In the first half of 2022, Infotel’s net income amounted to 9.8 million euros, which is 54.7%. Current operating income reached 14.1 million euros, which is 38.1%, benefiting from good cost control. The current operating margin amounted to 9.5% of revenue, compared to 7.9% in the first half of 2021. The specialist in the digital transformation of large accounts in Europe recorded growth of 15.6% fully organic to 149.3 million euros.

Kalray

Kalray recorded a net loss of 7.52 million euros in the first half of 2022 against a loss of 7.63 million euros a year earlier. The combined Ebitda of the specialist in hardware and software technologies dedicated to management and intensive data processing followed the same trend, from – 3.44 million euros to – 2 million euros. The combined turnover reached 4.77 million euros, a very strong increase (+ 1,049%). This includes Arcapix’s earnings between April 15 and June 30, 2022.

Macroeconomic figures

In France, the business climate for September is expected at 8:45 am

The UK’s monetary policy decision will be revealed at 1:30 pm

In the United States, weekly jobless claims are expected at 2:30 p.m. and the index of leading indicators for August, at 4 p.m.

At around 8:30 am, the euro lost 0.23% to 0.9819 dollars.

Yesterday in Paris

European equity markets closed the session in the green. Investors are waiting a few hours before the Fed’s monetary policy decision. For the third time in a row, central bank officials are expected to decide to raise rates by 75 basis points. In terms of values, those related to defense pulled out of the game like Thales. The CAC 40 gained 0.87% to 6,031.33 points and the EuroStoxx50 rose 0.74% to 3,492.60 points.

Yesterday on Wall Street

Wall Street closed lower after the Fed. Unsurprisingly, the central bank raised its main key rates by 75 basis points to bring it to 3%-3.25%. Jerome Powell’s offensive tone, on the other hand, is more surprising. The president of the institution plans further rate increases. He wants rates to reach 4.40% by the end of the year and 4.60% in 2023 to try to curb inflation. For now, however, he does not expect the US economy to fall into recession. The Dow Jones fell 1.7% to 30,183.78 points and the Nasdaq fell 1.79% to 11,220.19 points.

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