THE TREND
(Boursier.com) — On the strength of its momentum yesterday, which saw the CAC 40 beat its session record and its closing record, the Parisian index could well open up again this morning. But a cautious rise judging by the pre-opening indicators. Yesterday, he pushed back a little more than 2 points from his historic record of 7,403.67 points.
At 2:30 p.m. the US inflation figures could well mark the end of the stock market trend in Paris. And this evening the minutes of the Fed will also allow to take the pulse among the members of the institution…
In addition to questions about monetary policy, there are those about the first financial results of companies expected this week, particularly in the luxury sector where LVMH will open the ball on Wednesday, followed by Hermès on Thursday, while the big American banks like JPMorgan Chase, Citigroup or Wells Fargo are expected on Friday.
WALL STREET
Wall Street appeared uncertain on Tuesday: The S&P 500 ended stable at 4,109 pts, the Dow Jones grabbed 0.29% to 33,685 pts and the Nasdaq fell 0.43% to 12,031 pts. The week will be particularly lively on the American side, which did not really react to the latest US employment figures yesterday. The operators will therefore carefully monitor the inflation figures (Wednesday) and the first quarterly financial results of the ‘season’ with the banks in the coming days…
ECO AND CURRENCIES
UNITED STATES :
– US consumer price index. (2:30 p.m.)
– US budget balance. (8:00 p.m.)
– FOMC minutes (Fed). (8:00 p.m.)
The euro/dollar parity reached $1.0934 this morning. A barrel of Brent is trading at $85.78. An ounce of gold is traded at $2,018.
VALUES TO FOLLOW
Score : For the year 2023, the group has set itself two objectives of equal importance: a financial objective: a growth rate of its Economic Value measured according to the accounting standards IFRS 17, between December 31, 2022 and December 31, 2023, of 700 basis points above the risk-free rate based on constant interest rate and exchange rate economic assumptions; a solvency objective: a solvency ratio in the optimal range of 185% to 220%. In 2023, the solvency ratio should remain at the top of the optimal range. These two objectives are based on a set of financial assumptions relating to the 2023 financial year. SCOR will present its results for the first quarter of 2023 under IFRS 17 on May 12
Solutions30 and Community Fibre, an Internet service provider based in London, announce the signing of a vested outsourcing partnership aimed initially at connecting more than 200,000 London households to the Community Fibre’s network, and which will involve other projects in a second time.
HDF : revenue for 2022 amounted to €3.5m compared to €0.9m in 2021. €3m corresponds to the revenue recorded under the development contract for the Renewstable Barbados project in Barbados since February 2022, date at from which the Rubis group became the majority shareholder of RSB. The acceleration of the development plan and the structuring of the teams is reflected in an increase in operating expenses. The average number of employees will reach 57 people in 2022 compared to 25 in 2021. Thus, the net result for the consolidated entity shows a contained deficit of -3.4 ME for 2022, compared to -3.5 ME in 2021.
LATEST REVENUES/RESULTS PUBLICATIONS…
Metalliance, Enensys, Micropole, SMAIO, Ecomiam, Upergy, Ober, Theradiag, Inea
THE LATEST “RECOS” FROM ANALYSTS…
Berenberg retains Neoen but with an adjusted target of 40 to 33 euros.
Credit Suisse is ‘outperforming’ on Soitec with a target price raised to 245 euros.
Deutsche Bank switches from buy to hold L’Oreal targeting a course of 410 euros.
MARKET INFORMATION
Metadvertise: Interim balance sheet of the bond issue
IN SHORT
Cellectis: First patient assay in Europe with product candidate UCART22
Charwood Energy: start of construction of the sanitation unit
Kumulus Vape: acquisition of a network of more than 50 specialized shops