(CercleFinance.com) – The Paris Stock Exchange consolidates its initial gains and shows an advance of 0.7% to 0.9%, which puts the CAC40 in the immediate vicinity of 6,000 (5,975 currently).
The CAC40 is ahead of the DAX (+0.2%) which is lagging behind after the publication of a historic figure (Germany ceased to be in surplus in May!).
The volumes are obviously skeletal (less than 900MnsE traded in 6.5 hours on this closing day of the markets in the United States due to a national holiday.
The Parisian index is notably supported by Alstom and TotalEnergies, which gained nearly 3%.
This morning, investors were able to learn about the German trade balance, which came out negative at -1 billion euros for the first time in more than 30 years (1991) as well as industrial producer prices on the old Continent
They rose by 0.7% in the Eurozone and 0.8% in the EU, according to Eurostat estimates, after increases of 1.2% in the euro zone and 1.3% in the EU. EU the previous month.
Compared to May 2021, industrial producer prices have increased dramatically: by 36.3% in the euro zone and by 36.4% in the EU in May… but optimists note a slight decrease compared to compared to annual variations of respectively 37.2% and 37% observed in April: has the peak of the curve been reached?
The bond markets do not seem reassured since yields suddenly rise by +13Pts on our OATs or +11Pts on Bunds at 1.93% and 1.34% respectively… and even +14Pts on Italian BTPs at 3.34 %.
The Euro took advantage of this renewed earnings to glean +0.2% towards 1.0440/$, but in the absence of American traders, it is better not to draw too many conclusions.
In the next few days, the composite PMI activity indices, French and German industrial production, retail sales in the euro zone, and above all the monthly US employment report will also appear.
“We will see the minutes of the June meetings of the Fed (Wednesday) and the ECB (Thursday), but this will be slightly dated given the speed with which the macroeconomic situation is changing,” notes Deutsche Bank.
In the news of values, Orpea (+4%) announces that a renewal of its board of directors will be proposed to the next AGM, with in particular the arrival of the former CEO of SNCF Guillaume Pepy who must take the chairmanship of the council.
Plastic Omnium announces the completion of the acquisition of AMLS (Automotive Lighting Systems), an activity of the ams OSRAM group, which now integrates the newly created Lighting division within the automotive supplier.
Elior Group announces a series of changes within its Board of Directors, including the appointment of Bernard Gault as CEO: he will thus ensure the continuity of the margin recovery plan initiated since his appointment as CEO… but this combination functions displeases the market and the title loose -3.5% to 2.12E.
Saint-Gobain indicates that it has signed a definitive agreement for the sale of Protrae, its wood processing and distribution business in Denmark, due to insufficient positioning and critical size.
Finally, Schneider Electric indicates that it signed, on July 3, the framework agreement providing for the sale of its activities in Russia to the local management team, a sale which remains subject to regulatory approvals and other conditions.
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