False hope! This morning’s ‘futures’ signaled a modest rebound for the CAC 40, at least an opening level above yesterday’s 5,918.50 closing point. This is not the case, with a drop of 0.21% at 9 am, the last half hour before the market marked the decline of the good intentions of investors. Within minutes, the decline intensified with the Parisian index even crossing 5,900 points down, with a low point of 5,890 points. The last time it fell below the 5,900 point level was on July 14.
Before the day’s session, the CAC 40 fell more than 17% since January 1: the almost simultaneous increase this week in the interest rates of several central banks, including the US Federal Reserve, and the many warnings of recession risks increase uncertainties, pushing. investors turning to the dollar and the bond market at the expense of equities…
Today’s monitor: the monthly PMI on manufacturing and services activity.
Wall Street fell again on Thursday, after being punished the day before after a harsh speech by Jerome Powell… The S&P 500 lost another 0.84%to 3,757 pts, the Dow Jones lost 0.35% to 30,076 pts and the Nasdaq -1.37% to 11,066 pts. On the Nymex, a barrel of WTI crude oil recovered 0.8% to $83.60. The dollar index rose another 0.5% against a basket of currencies, as high prices continued to rise…
ECO AND MONEY
– Preliminary French manufacturing PMI market index. (09:15)
– Preliminary French market PMI index for services. (09:15)
– US preliminary composite PMI index. (3:45 p.m.)
– US preliminary manufacturing PMI. (3:45 p.m.)
– Markit Preliminary US Services PMI. (3:45 p.m.)
– Import prices in Germany. (08:00)
– Spain’s final GDP for the second quarter. (09:00)
– Markit German preliminary manufacturing PMI. (09:30)
– Markit Preliminary German Services PMI. (09:30)
– Markit Preliminary European Composite PMI Index. (10:00 a.m.)
– Markit Preliminary European Services PMI Index. (10:00 a.m.)
– Markit European preliminary manufacturing PMI. (10:00 a.m.)
– Final Italian GDP. (10:00 a.m.)
– UK Preliminary CIPS Manufacturing PMI. (10:30 a.m.)
– Preliminary UK CIPS Services PMI. (10:30 a.m.)
The euro/dollar parity reached $0.9833 this morning. A barrel of Brent is trading at $90.28. An ounce of gold is selling for $1,673.
Equasens (+ 1.40% to 71.20 Euros): The Group’s Current Operating Income increased by 5.37% to 25.76 ME on June 30, 2022, mainly affected by the increase in general, non-recurring expenses, if compared to the first half of 2021. in the 2022 fiscal year, the COI/Sales ratio will follow the same trend as in previous years. The Net Result is at 20.95 ME (+18.92%) and the Net Result Group Share at 19.73 ME (+18.96%). As of June 30, 2022, Basic Earnings per Share amounted to €1.31 compared to €1.10 on June 30, 2021 (+19.10%).
L’Oréal (+0.20% to 328.90 Euros) announced the acquisition of Skinbetter Science, an American skincare brand at the forefront of dermatological research, recommended by health professionals for the effectiveness of its ingredient patents as well as the ultra sensoriality and the richness of its textures.
Akwel (-2.80% to 14.68 Euros): The gross operating surplus for the first half decreased 34.6% to 42.3 ME, and the current operating income decreased 64. 6% to 17.7 ME, representing the current operating margin at 3.6% of sales, down 6.7 points. The financial result decreased by 9.4 ME due to the application of the IAS 29 standard mentioned above. The group’s share of net income was 1.9 ME instead of 38 ME…
TF1 (-0.60% to 6.40 Euros) regrets the decision of the judge in the chambers of the Paris Commercial Court who did not see the urgency of preserving the interests of the viewers who use the service of TNTSAT so as not – as the President of The ARCOM recently pointed out – to be hostage to a commercial dispute that has nothing to do with this service. In order not to leave homes with only TNTSAT receiving their DTT channels unresolved, the TF1 group decided to take the case to the Paris Court of Appeal; this one should be decided soon…
Alten (-1% to 113.30 Euros): The increase in activity is +18.4% in France and +38% worldwide. At constant scope and exchange rate, the growth is 19.8% (14.5% in France and 22.8% outside France). All business sectors are growing and surpassing their pre-crisis levels, including Civil Aeronautics and Automotive. Most geographic areas showed strong organic growth, more than 15%. Only Scandinavia and Switzerland (7% of turnover in total) had a growth of less than 5%. The significant increase in the rate of activity, the rapid development of international business, which is more profitable, and the strict management of structural costs made the operating margin increase to 11.4% despite the evolution in salaries (9, 8% in June 2021). ). After considering the tax payable for 48.3 ME, the net income, Group share amounted to 139 ME.
VALUES TO BE ADHERED TO
Biosynex has been suspended since yesterday from Euronext Growth. This suspension comes at the request of the company, pending the publication of a press release. This will continue until further notice.
THEY PUBLISH THEIR TURNOVER/RESULTS…
Witbe, OSE Immuno, SFPI Group, Micropole, Foncière 7 Investissement, IT Link, Cerinnov Group, Fermentalg, Robertet, Compagnie du Cambodge, Kumulus Vape, BOA Concept, SQLI, Lumibird, Keyrus
THE NEW “RECOS” FROM ANALYSTS…
Citigroup downgraded its recommendation on Neoen from “buy” to “sell”.
Atari: suspension list.
EssilorLuxottica: launch of a share buyback program.
Technicolor: launch of Technicolor Creative Studios in-kind distribution.
Innate Pharma: Presentation of data from the phase 2 TELLOMAK trial.
Lhyfe inaugurates first offshore hydrogen production pilot site offshore.
Quadient launches Large Format parcel locker.
Oncodesign: OPM and Servier to collaborate on pancreatic cancer treatment.