CAC40: balanced before new indicators


(CercleFinance.com) – The CAC40 begins the session at equilibrium around 6622 points, operators may be tempted by some profit taking after a week of sharp recovery on the equity markets.

‘The Stoxx Europe ex-UK climbed 6.1% last week, a rally driven mainly by the Fed’s upbeat comments on the health of the economy and the peace talks between Russia and Ukraine’ , we recall this morning at Liberum.

From Wednesday, operators will take note of numerous European macroeconomic data, including the business climate indices in France and Germany, inflation in the United Kingdom, and the flash PMI indices from IHS Markit.

In the United States, in addition to the flash PMI index, new home sales, durable goods orders and the UMich confidence index should appear, as well as quarterly results from groups such as Nike and General Mills.

In Paris securities news, Worldline reports that its Russia-related business volumes represent approximately 1.5% of estimated pro forma 2021 annual revenue from continuing operations, and that it has no exhibition in Ukraine.

Pernod Ricard announces the launch, from March 21, of its new shareholding plan called ‘Accelerate’, the second after that of 2019 and to which 80% of the employees of the wine and spirits group will now be eligible. Pernod Ricard has also announced that it has suspended its exports to Russia where 100% of its activities reside in imported wines and spirits.

Vallourec announces that its Appointments and Governance Committee has decided to select Philippe Guillemot to succeed Edouard Guinotte as CEO, appointment for a term of four years and effective immediately.
Air Liquide and Eni announce the signing of a memorandum of understanding aimed at studying solutions to reduce CO2 emissions as a priority in the industries most difficult to decarbonize in the Mediterranean basin.

Worldline reported this morning that its Russia-related business volumes represent approximately 1.5% of estimated proforma 2021 annual revenue from continuing operations. More generally, the group has no exposure to Ukraine and the other neighboring Eastern European countries represent approximately 1.5% of pro forma 2021 annual revenue.

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