(CercleFinance.com) – The Paris Stock Exchange ends the session with a gain of 0.82%, at 7,201 points, well helped by luxury stocks such as Hermès (which also signs the strongest increase in the CAC40 of the day with + 3.5%), Kering (+2.3%), LVMH (+1.6%) or even L’Oréal (+1.5%).
With less than 3 MdsE traded in Paris at the final gong – and US markets closed due to Martin Luther King Jr Day – this Monday was much quieter than the rest of the week will be.
The Euro Stoxx50 took advantage of this parenthesis to gain 0.7%, London to claim 0.9% while the Dax grabbed 0.3%.
The next few days promise to be richer in news with the results season which begins, not to mention the eternal questions around the level of inflation, the evolution of the pandemic as well as possible adjustments to the monetary policies carried out by the banks. power stations.
At FactSet, earnings of companies in the S&P 500 index are estimated to be up 21.7% year on year in the fourth quarter.
The publications arouse particular expectation due to the high valuation of the markets, with an S&P 500 which is trading today at more than 25 times the expected earnings, against a long-term average of 15 times.
“Company forecasts should also show continued strong demand for 2022, even if Omicron is penalizing the activity of certain companies at the moment,” said Mark Haefele, chief investment officer of UBS wealth management.
Several high-profile statistics are also due out this week, starting with the German ZEW Investment Sentiment Index and the New York Fed’s Empire State Index which will be released tomorrow.
In the news of French stocks, Renault announced on Monday that its global vehicle sales had fallen by 4.5% in 2021, to 2,696,401 units. Sales of the Renault brand alone fell 5.3% last year, the 10.5% drop in cars having been partially offset by a 19% increase in utility vehicles.
Manutan International posted revenue of €225.6 million for the first quarter of its 2021-22 financial year, up +6.4% compared to the same quarter of the previous financial year (+5, 2% at constant exchange rates and days, no scope effect).
TotalEnergies announces that it has signed an agreement to sell, jointly with Inpex, their joint venture Angola Block 14 BV to the Angolan company Somoil, a transaction which remains subject to the approval of the Angolan authorities.
In addition, the joint venture made up of TotalEnergies (38.25%), Green Investment Group (GIG) (46.75%), a subsidiary of Macquarie, and RIDG (15%), Scottish offshore wind developer, announces having obtained the concession for the N1 area to develop a 2 GW offshore wind farm in Scotland.
Finally, Neoen indicates that it has officially launched Goyder Renewables Zone, its major project in South Australia, by entrusting the construction of Goyder South Stage 1, a 412 MW wind farm, to a consortium made up of GE Renewable Energy and Elecnor.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
