(CercleFinance.com) – The main European stock markets are in sharp decline this morning, Frankfurt yielding 1.4% followed by London (-2.1%) and Paris (-2.4%) in the wake of the American markets and of their dropout on Friday.
The markets are strongly impacted by the confinements in China. Indeed, besides Shanghai, new local cases have been recorded in 17 other provincial-level regions on the Chinese mainland, according to Xinhua, raising fears of a new resumption of the pandemic and risks on exchanges. global.
Investors should also watch closely the evolution of bond yields after their recent bout of fever in the middle of last week, which had destabilized the stock markets.
Earnings season will also get into the thick of things this week, led by highly anticipated releases from tech giants Alphabet, Amazon, Apple, Microsoft and Meta.
‘Despite the obvious headwinds from rising interest rates, commodity prices and inflation, early indications point to continued strong demand having benefited first quarter corporate results. we at Raymond James.
The only indicator on the program for the day, the Ifo index of German business morale. The business climate in Germany recorded a surprise increase in April. The index, calculated from a panel of 9,000 companies, rose to 91.8 this month, against 90.8 in March, where economists on average anticipated a decline to 89 points under the blow. logistical disruptions and price increases.
“After the initial shock due to the invasion of Ukraine, the German economy is proving its resilience,” commented the Ifo in a press release.
In the news of European companies, Philips reported on Monday a loss of 152 million euros over the first three months of the year, compared with a shortfall of 34 million a year earlier. Its turnover rose by 2% to 3.9 billion euros, but shows a decline of 4% on a like-for-like basis.
Nokia today announces the launch of a ‘Private 5G Open Lab’ at its technology center in Seoul (South Korea) to showcase its technology and encourage the development of private 5G wireless networks in the country.
Finally, the Randstad France group intends to acquire Side, a 100% digital recruitment platform, in order to strengthen its position in a fast-growing digital recruitment market. This is, on the one hand, to significantly develop its customer portfolio and, on the other hand, to offer its current and future customers innovative solutions.
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