(CercleFinance.com) – The day after a further increase of 0.5% to 7,370 points, the Paris Stock Exchange posted a slight increase (+0.3%) at the opening on July 14, pending of a series of quarterly results in the United States.
Operators should indeed be attentive, in the middle of the day, to the quarterly publications of several heavyweights of the rating in the United States, including the banks JPMorgan Chase, Citi and Wells Fargo.
Boding well for the earnings season, the agribusiness group PepsiCo and the airline Delta Airlines both raised their annual targets on Thursday, on the occasion of their second quarter publications.
“The weak US CPI in June appears to have given investors hope that inflation could return to normal levels without the economy slowing down too much, if at all,” Capital Economics further noted.
“We continue to believe that the possibility of a deeper economic slowdown is underestimated, which we believe could reverse the recent strength in equities,” however warned the London office.
In macroeconomic news, the session will see the trade balance in the euro zone for the month of May, then the import prices in the United States for June and the UMich index of American consumer confidence.
On the values front in Paris, Vallourec announces that it anticipates for the second quarter of 2023 an EBITDA (gross operating result) and an overall cash generation higher than its previous forecasts, as well as a significant reduction in its net debt.
Air France-KLM announces that it has signed a definitive agreement with Apollo Global Management for a quasi-equity financing of 500 million euros of the components engineering and maintenance (MRO) business of Air France .
Delta Air Lines has announced an order for 12 more A220-300s, bringing the airline’s total A220 firm order to 131 aircraft – 45 A220-100s and 86 A220-300s. Delta has ordered the A220 five times and is today the largest A220 customer and operator in the world.
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