PARIS (Reuters) – The main European stock markets, apart from London, are trending downward on Thursday morning after contrasting company results and awaiting economic indicators in the United States, notably growth figures in first trimester.
In Paris, the CAC 40 fell 0.28% to 8,068.81 points around 08:00 GMT. In London, the FTSE 100, rich in raw materials, advanced 0.49%. In Frankfurt, the Dax fell by 0.48%.
The EuroStoxx 50 index lost 0.38%, the FTSEurofirst 300 0.27% and the Stoxx 600 0.23%.
Futures contracts on Wall Street forecast a drop of 0.25% for the Dow Jones, 0.66% for the Standard & Poor’s 500 and 1.17% for the Nasdaq the day after a volatile session marked in particular by a Tesla’s jump and Boeing’s fall.
Meta Platforms could weigh on groups linked to social networks and artificial intelligence. Facebook’s parent company plunged 15% in non-session transactions after announcing on Wednesday evening that AI was costing it more.
“If Meta is anything to go by, it looks like the market just doesn’t tolerate in-line results – if you’ve had a good run in the first and second quarters, you either shine or you’re out of luck. market takes its share of the profit,” explains Chris Weston, research director at Pepperstone.
In Europe, the technology sector (-0.47%) is suffering, notably STMicroelectronics (-0.62%). The chipmaker announced Thursday a downward revision of its revenue forecast for this year.
Hermès fell by 0.81% after opening higher while the group posted an increase of 17% in its sales in the first quarter, defying the slowdown observed in luxury where the index lost 0.46%.
In the banking sector (+0.44%), BNP Paribas is stable after exceeding expectations in the first quarter, while Barclays (+5.05%), Sabadell (+10.15%) and Swedbank (+2. 4%) are sought after and Deutsche Bank (-0.26%) abandoned after their respective publications.
In health, the market welcomes the quarterly operating result of Sanofi (+3.06%) slightly above expectations, while AstraZeneca (+5.28%) benefits from the publication of a turnover and quarterly profit better than expected.
Consumer-related stocks such as Carrefour (-1.99%), Casino (-1.33%), Nestlé (-3.72%), Unilever (+4.16%) show mixed fortunes after their quarterly publications .
Excluding corporate results, Atos (-8.06%), in serious financial difficulties, warned on Thursday that it needed additional liquidity.
The British group Anglo American, for its part, soared by 11.54% thanks to a takeover offer from the mining giant BHP, its target being valued at $37 billion.
(Writing by Claude Chendjou, edited by Kate Entringer)
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