THE TREND
(Boursier.com) — False hope! The ‘futures’ this morning announced a modest rebound for the CAC 40, at least an opening level above the 5,918.50 closing points yesterday. This was not the case, with a drop of 0.21% at 9 a.m., the last half hour before market marking a decline in the good intentions of investors. Over the minutes, the decline is gaining momentum with the Parisian index even crossing 5,900 points downwards, with a low point at 5,890 points. The last time it fell below the 5,900 point level was on July 14.
Before the day’s session, the CAC 40 fell more than 17% since January 1: the almost synchronized rise this week in interest rates by several central banks, including the US Federal Reserve, and the multiple warnings on the risks of recession increase uncertainties, pushing investors to take refuge in the dollar and the bond market at the expense of equities…
To be monitored today: the monthly PMIs on manufacturing and services activity.
WALL STREET
Wall Street fell again on Thursday, after the sanction the day before following a still very harsh speech by Jerome Powell… The S&P 500 lost another 0.84% to 3,757 pts, the Dow Jones lost 0.35% to 30,076 pts and the Nasdaq -1.37% to 11,066 pts. On the Nymex, a barrel of WTI crude recovered 0.8% to $83.60. The dollar index rises another 0.5% against a basket of currencies, while long rates are still on the rise…
ECO AND CURRENCIES
France :
– Preliminary French manufacturing PMI markit index. (09:15)
– Preliminary French markit PMI index for services. (09:15)
UNITED STATES :
– US preliminary composite PMI index. (3:45 p.m.)
– US preliminary manufacturing PMI. (3:45 p.m.)
– Markit Preliminary US Services PMI. (3:45 p.m.)
Europe:
– Import prices in Germany. (08:00)
– Spanish final GDP for the second quarter. (09:00)
– markit German preliminary manufacturing PMI. (09:30)
– Markit Preliminary German Services PMI. (09:30)
– Markit Preliminary European Composite PMI Index. (10:00 a.m.)
– Markit Preliminary European Services PMI Index. (10:00 a.m.)
– markit European preliminary manufacturing PMI. (10:00 a.m.)
– Final Italian GDP. (10:00 a.m.)
– UK Preliminary CIPS Manufacturing PMI. (10:30 a.m.)
– Preliminary UK CIPS Services PMI. (10:30 a.m.)
The euro/dollar parity reached $0.9833 this morning. A barrel of Brent is trading at $90.28. An ounce of gold is traded at $1,673.
RISING VALUES
Equasens (+1.40% to 71.20 Euros): The Group’s Current Operating Income rose by 5.37% to 25.76 ME at June 30, 2022, notably impacted by the increase in non-recurring overheads, compared to the 1st half of 2021. Over the 2022 financial year, the COI/Sales ratio will follow the same trends as in previous years. The Net Result stands at 20.95 ME (+18.92%) and the Net Result Group Share at 19.73 ME (+18.96%). As of June 30, 2022, Basic Earnings per Share amounted to €1.31 compared to €1.10 as of June 30, 2021 (+19.10%).
L’Oreal (+0.20% to 328.90 Euros) announces the acquisition of Skinbetter Science, an American skincare brand at the forefront of dermatological research, recommended by health professionals for the effectiveness of its patented ingredients as well as the ultra sensoriality and richness of its textures.
FALLING VALUES
Akwell (-2.80% to 14.68 Euros): EBITDA for the first half is down 34.6% to 42.3 ME, and current operating profit is down 64.6 % at 17.7 ME, representing a current operating margin of 3.6% of sales, down 6.7 points. The financial result deteriorated by 9.4 ME due to the application of the IAS 29 standard mentioned above. Net income group share is 1.9 ME instead of 38 ME…
TF1 (-0.60% to 6.40 Euros) regrets the decision of the judge in chambers of the Paris Commercial Court who did not perceive the urgency to preserve the interests of viewers who use the TNTSAT service so that they are not not – as the President of ARCOM pointed out recently – held hostage to a trade dispute that does not concern this service. So as not to leave households that only have TNTSAT to receive their DTT channels unresolved, the TF1 group has decided to bring the case before the Paris Court of Appeal; this one should be decided very soon…
Alten (-1% to 113.30 Euros): Growth in activity was +18.4% in France and +38% internationally. At constant scope and exchange rates, growth was 19.8% (14.5% in France and 22.8% outside France). All business sectors are growing and have exceeded their pre-crisis level, including Civil Aeronautics and Automotive. Most geographic areas are showing strong organic growth, above 15%. Only Scandinavia and Switzerland (7% of turnover in total) have growth of less than 5%. The significant improvement in the activity rate, the strong growth of the international business, which is more profitable, and the rigorous management of structural costs enabled the operating margin to increase to 11.4% despite the evolution of salaries (9, 8% in June 2021). After taking into account the tax charge for 48.3 ME, the net income, Group share amounted to 139 ME.
VALUES TO FOLLOW
Biosynex has been suspended since yesterday on Euronext Growth. This suspension comes at the request of the company, pending the publication of a press release. It will continue until further notice.
THEY PUBLISHED THEIR TURNOVER/RESULTS…
witbe, OSE Immuno, SFPI Group, Micropole, Property 7 Investment, ITLink, Cerinnov Group, Fermentalg, Robertet, Cambodia Company, Kumulus Vape, BOA-Concept, SQLI, Lumibird, Keyrus
THE LATEST “RECOS” FROM ANALYSTS…
Citigroup lowers its recommendation on Neoen from “buying” to “selling”.
MARKET INFORMATION
Atari : suspension of trading.
EssilorLuxottica : launch of a share buyback program.
Technicolor : launch of the in-kind distribution of Technicolor Creative Studios.
IN SHORT
Innate Pharma : Presentation of data from the phase 2 TELLOMAK trial.
Lhyfe inaugurates the world’s first offshore renewable hydrogen production pilot site.
quadient launches the Large Format parcel locker.
Oncodesign : OPM and Servier will collaborate in the treatment of pancreatic cancer.