(CercleFinance.com) – European stock markets are showing some caution this morning, a few days before the start of the fourth quarter earnings season in the United States.
In this context, Paris and Frankfurt yielded 0.5%, while London fell by 0.2%.
Without economic statistics or expected results from leading companies, investors, on the lookout for catalysts, should logically turn to the Federal Reserve.
Indeed, Jerome Powell, leader of the Fed, is due to speak this afternoon during a speech devoted to the theme of central bank independence at a symposium organized in Stockholm by the Riksbank, the Central Sweden.
In the meantime, investors were able to take note of the rebound in production in the manufacturing industry in France in November 2022, at +2.4% after -2.1% the previous month, according to CVS-CJO data. from INSEE.
The end of the week will also see the publication of macroeconomic data that may hold the attention, starting with the inflation figures in the United States for December, closely watched from the perspective of the monetary policy of the Fed.
In European company news, the BMW Group says it delivered a total of 2,399,636 BMW, MINI and Rolls-Royce vehicles to customers around the world in 2022 (-4.8%).
In the fourth quarter, the BMW Group recorded significant sales growth of +10.6%, with 651,798 vehicles delivered to customers. Sales of 100% electric vehicles more than doubled to 215,755 units (+107.7%)
Holcim has announced the acquisition of Nicem, a leader in ground calcium carbonate in northern Italy, based near Bergamo, a transaction whose financial terms are not specified.
E.ON will ensure a sustainable supply of the Messe Berlin exhibition center through new construction and conversion work.
Finally, Enel successfully launched the issuance of non-convertible, subordinated, perpetual, hybrid bonds for institutional investors on the European market, denominated in euros for a total amount of 1.75 billion euros.
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