(CercleFinance.com) – The main European stock markets moved in mixed order this Wednesday, with London losing 0.9% under the weight of a disappointing publication from the banking giant HSBC, while Frankfurt and Paris gained around 0.2%. .
In the absence of macroeconomic data today, and before the two major meetings of the evening – namely the minutes of the last FOMC and the results of Nvidia – operators are focusing their attention on the results of companies in Europe.
‘For the first time in 10 years, European companies are publishing results below consensus expectations,’ notes Laurent Denize, global co-director of investments at Oddo BHF.
‘Negative surprises are limited to -2%, so don’t panic, but it seems appropriate to question the sustainability of margins at this point in the cycle’, warns the professional at this stage of the results season.
Among the day’s publications, that of HSBC was heavily sanctioned (-7% in London), the bank having revealed a fourth quarter profit well below expectations due to the recognition of several charges.
Investors also neglect the results of the defense group BAE Systems (-3% in London) and the publisher Wolters Kluwer (-1% in Amsterdam), but welcome those of the distributor Carrefour (+5% in Paris) and the group health center Fresenius (+3% in Frankfurt).
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