(CercleFinance.com) – Green predominates on European stock markets (-0.2% in London, but +0.5% in Frankfurt, +0.4% in Paris) while the traditional news low of the mid-August provides an opportunity to take stock of the company publications of recent weeks.
‘As the European earnings season draws to a close, we see that 38% of European companies have missed expectations. However, share prices in Europe have not suffered,’ notes Liberum.
According to him, this paradox could be explained by ‘limited investor attention, which also means that we should see a stronger drift after the announcement of the results in Europe in the coming weeks and months’.
If the week promises to be fairly calm regarding business news, the next few days will see the appearance of macroeconomic data such as the ZEW index in Germany or inflation in the United Kingdom and the euro zone.
Operators will also pay attention to the United States, where data such as retail sales, industrial production and leading indicators from the Conference Board will appear, as well as quarterly data such as those from Cisco, Home Depot and Walmart.
For the moment, Philips wins nearly 5% in Amsterdam, after the announcement of an agreement with the Dutch diversified holding company Exor, agreement by which the latter acquired a 15% stake in the capital of the technology group. medical.
Fresenius MedCare, on the other hand, fell by more than 1% in Frankfurt, penalized by comments from UBS which downgraded its recommendation from ‘neutral’ to ‘sell’ on the title of the dialysis specialist, with a price target reduced from 43.5 at 42 euros.
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