(CercleFinance.com) – The Paris Stock Exchange ends the session with a gain of 0.72%, at 6,562 points, in the wake of luxury stocks such as Hermès (+3.9%), Kering (+3.3% ), or LVMH (+2.5%)
Elsewhere in Europe, the DAX gained 0.8% ahead of the London FTSE 100 (+0.2%) and the E-Stoxx50 jumped 0.9%.
In the absence of Wall Street – closed for Memorial Day – investors had to focus on the Economic Sentiment Indicator (ESI) in the euro zone, a figure that came out broadly unchanged (+0.1 point) at 105 in May, a level well below that which prevailed before the war in Ukraine – Capital Economics thus sees this as a sign of economic stagnation in the second quarter.
“Industrial confidence fell for the third month in a row, with declines in Germany and Italy which were most affected by the energy price shock, more than offsetting improvements in France and Spain,” the bureau said. of analyses.
‘Although economic activity behaved a little better than we feared in April and May, the outlook for the rest of the year remains poor,’ he warns, still anticipating weaker GDP growth than the consensus or the ECB are hoping for this year.
Moreover, investors know that several indicators published this week will provide more information on the health of the global economy, notably such as the US employment figures, which will be closely scrutinized at the end of the week.
Economists expect a deceleration in job creations in May, expected around 325,000 against 428,000 in April.
This session will be marked by a new bullish surge in oil ‘Brent’ (+1.7%) around $120/barrel in London.
Note that the euro gained 0.45% against the greenback and is now trading against 1.0779 dollars.
In the news of French companies, Enovacom, the health subsidiary of Orange Business Services, announces the signing of an agreement for the acquisition of 100% of Exelus, the leader in emergency and daily telemedicine, publisher of the Nomadeec mobile telemedicine solution.
The title GTT plunged -10.4% to 119.5E while the rumor reports sales (short) by two large investment funds.
Getlink (stable) reports that the first week of commercial operation of its ElecLink electrical interconnection went smoothly, marked by the holding of the first auctions and the first transfers of electricity.
Finally, Euroapi (+2.8%) announces that it has expanded its collaboration with Sanofi entering into their framework development agreement dated October 1, 2021, in order to support Sanofi’s mRNA vaccine platform through the development of lipid nanoparticles.
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