PARIS (Reuters) – The main European stock markets are on a downward trend on Friday, overtaken by worries about inflation, the economic situation and interest rates and some disappointing results from companies such as Adidas.
In Paris, the CAC 40 fell by 0.13% to 7,179.12 points around 09:10 GMT. In London, the FTSE 100 lost 0.2% and in Frankfurt, the Dax dropped 0.48%.
The EuroStoxx 50 index fell by 0.38%, the FTSEurofirst 300 by 0.51% and the Stoxx 600 by 0.44%.
Over the week as a whole, the CAC 40 is down 0.77% at this stage and the Stoxx 600 is down 0.12%.
Futures on major US indices point to a flat open after closing in the red on Thursday amid rising bond yields.
Since the publication of the monthly figures for job creations in the United States, which came out well above expectations, doubt has settled over the scenario of a marked slowdown in inflation and a soft landing in the economy. economy.
The statistics of weekly jobless claims in the United States, published on Thursday, did not make it possible to remove this doubt since the moving average over four weeks showed a drop to 189,250 against 191,750 previously, a sign of a dynamism of the market of the jobs as the US Federal Reserve (Fed) seeks to dampen demand to curb inflation.
In Europe, Britain narrowly avoided entering recession in the fourth quarter of 2022 with zero growth in the last three months of last year after a contraction of 0.3% in the third quarter, according to estimates published on Friday. by ONS, the National Statistical Office.
On the stock market, the distribution compartment in Europe shows one of the largest declines in the wake of the publication of the results of Adidas. The German sports equipment manufacturer, whose share price fell by 10.99%, said Thursday evening that it expects a significant drop in sales this year after missing its own sales target in 2022 with limited growth. at 1%. The action of its competitor Puma downgrades by 3.68%.
In Paris, L’Oreal fell 1.05%, the “very bad” sales in China of the cosmetics giant having taken precedence over the announcement of an 8.1% growth in total quarterly turnover to comparable data.
On the upside, Euronext is in the green, the operator of the Paris Stock Exchange having published an increase in adjusted annual net income and announced the payment of a dividend for the 2022 financial year.
The Swedish defense group Saab jumped 9.42% after the announcement of a net profit up sharply in the fourth quarter and a forecast for organic sales growth of 15% this year.
Standard Chartered fell by 4.768% after the denial of the Emirati bank First Abu Dhabi Bank (FAB) of an interest in the British bank.
(Written by Claude Chendjou, edited by Blandine Hénault)
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