(BFM Bourse) – Marked by a series of new records at the start of the week, followed by a fairly sustained correction on Thursday, the trend on the Paris Bourse is lull on Friday at midday, pending the latest monthly review of the job market in the United States. Among the first publications of the year, STMicroelectronics stands out with a turnover exceeding expectations.
After showing two faces at the beginning of the year 2022, the drop of 1.72% Thursday having ended an inaugural sequence of three sessions of strong progression, the CAC 40 index returns to more moderation on Friday. Around 12:30, the barometer of the Parisian market is satisfied with a variation of + 0.04% to 7,252.37 points, in the customary wait-and-see attitude preceding the publication of “non-farmer payment rolls”, as our dear Antoine Larigaudrie would say. , or more seriously the figures for salaried employment, outside the agricultural sector, compiled by the Bureau of Labor Statistics for the past month.
Economists are forecasting around 400,000 to 420,000 net job creations in December, depending on who achieves the consensus, while the unemployment rate is expected to stand at around 4.1%. In November, the US economy had created only 210.00 jobs. However, the collection of projections partially preceded the acceleration of coronavirus cases: perhaps this factor will have slowed down hiring trends.
Strong results for STMicro and Trigano
While the American banks will give from the end of next week the real signal to open the results season (with Citi, JPMorgan and Wells Fargo), in Paris STMicroelectronics has already entered the dance. The group reported a turnover of 3.56 billion dollars in the fourth quarter, beyond its objective, and underlined certain signs of improvement even if the shortage of components, especially in terms of products. intended for the automotive and consumer electronics sectors is not yet resolved. STMicro’s share largely takes the lead of the CAC 40, gaining 5.5%.
Outside the flagship index, Obiz stands out by more than 11%, after raising its forecast for growth in turnover to + 135%, to more than 36 million euros, against more than 29 million targeted up to ‘now. Trigano gains more than 7% while the motorhome manufacturer recorded a 9.2% increase in its revenues to 786.5 million euros for its first quarter 2021/2022, the price increases not clearly having not discouraged customers always fond of escape on four wheels.
The repositioning of Europlasma pays off
On the contrary, the price of Ecomiam declines by nearly 7% while the group saw its turnover on a like-for-like basis decline in the first quarter of 2021/2022 (compared to the period from October to December 2020, boosted by the second confinement). However, the continued development of the store network enabled overall sales growth of 32%.
Europlasma, one of the most speculative files on the Parisian coast, is benefiting from a new rebound as the group announced the doubling of turnover expected on its first contract since its repositioning.
On the currency side, the euro is trying to defend the $ 1.13 level (+ 0.04% at $ 1.1304), while bitcoin declines to a new low this week at $ 42,245.
Oil prices continue to appreciate, even if the pace of growth slows down a bit to 82.72 dollars (+ 0.89%) for Brent and 80.17 dollars for WTI, up 0.89% as well. .
Guillaume Bayre – © 2022 BFM Bourse