The Euro-Stoxx50 climbed by +1.8% (over 3,900) in the wake of ASML which soared by more than 6%.
Green was essential from the first exchanges, the day after a day marked by the good form of Wall Street: the improvement continued this Wednesday with a Dow Jones +1%, an S&P500 +0.5%. .and the Nasdaq, which suffered from Netflix’s tumble (-37% to $220), is now down -0.5%.
There were also statistics: the National Federation of US Realtors (NAR) reports a -2.7% drop in resales of old homes in the United States in March (5.77 million transactions) compared to February and -4.5 % compared to March 2021
The NAR also indicates that the stock of unsold homes increased by +80,000 to stand at 950,000 at the end of March (compared to 870,000 in February), which represents 2 months of stock, at the current rate of sales.
Finally, the median price of housing (mostly houses) is $375,300, an increase of 15% over one year.
US stocks of crude oil, gasoline and distillates all fell last week, according to figures released Wednesday by the US Energy Information Agency (EIA).
Crude stocks fell by eight million barrels to 413.7 million barrels, while gasoline stocks fell by 800,000 barrels, where reserves of distillates – which include heating oil in particular – fell by 2 .7 million barrels.
The capacity utilization rate of American refineries reached 91%.
Crude prices reacted to these figures by rising again, to 102.8 dollars per barrel (+0.3%) for American light crude and +0.5% for ‘Brent’ a little over $104.
In the United States, T-Bonds broke new annual records with 2.93% for ten-year paper following the ‘hawkish’ declarations of James Bullard, the president of the St. Louis Fed.
The high dignitary, who has become one of the spokespersons for the Federal Reserve, has indeed recommended a key rate of 3.50% by the end of 2022, which implies rate increases of 50 points at the end of the six upcoming Fed meetings.
In France, OATs yesterday crossed the 1.40% threshold, unheard of since 2017, before settling a little towards 1.35%, US T-Bonds eased by -2.5 Pts to 2.8900% .
Investors will pay attention on Wednesday to the publication of sales of old homes in the United States, before the announcement of traditional oil stocks at the end of the afternoon and then the publication of the FED’s Beige Book this evening at 8 p.m.
Still on the macroeconomic level, but this time in Europe, the participants discovered the latest figures for industrial production in the Euro zone (+0.7%) then the trade balance for the euro zone: it deteriorated -9.4 billion euros in CVS in February (after -E7.7bn in January).
This month-on-month deterioration reflects seasonally adjusted exports from the euro zone which increased by 0.8%, while imports increased by 1.5%.
In the news of French companies, Danone (+6.3%) claims a good start to the year, with net sales of 6.24 billion euros in the first quarter, up +7.1% in comparable data driven by a price effect of +4.9% and a volume/mix effect of +2.2% (+10.2% in published data).
L’Oral published yesterday evening a turnover of the Group at March 31, 2022 of 9.06 billion euros in published data, up by +19.0%. Like-for-like data (ie identical structure and exchange rates) revenue growth was +13.5%. The group says it remains optimistic about the outlook for the beauty market, and confident in its ability to ‘outperform’ the market.
Lastly, for its first half of 2021-22 (ending at the end of March), Manutan posted revenue growth of +9.6% at constant exchange rates and days, with no scope effect, to reach a record 439.7 million euros. euros.
For the remainder of the year, the group will continue to implement its development strategy while maintaining its medium-term investment plan. He indicates that he remains ‘active in the search for opportunities for external growth’.
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