Here is what to remember from the stock market day of Tuesday, April 30. An analysis provided by the stock market experts at Meilleurtaux Placement.
Markets: D-1 before the FOMC
the day before the May 1st holiday, the Paris Stock Exchange fell by 0.99% this evening to settle slightly below 8000 points, 7984 points at the close.
This drop is mainly due to numerous company publications, notably Stellantis which is today the bottom of the CAC 40, losing 10.04%. The group reported this morning a net turnover of 41.7 billion euros for the first three months of the year, down 12% year on year.
for comparison, the consensus expected a figure of around 43.5 billion euros. In the morning, investors took note of France’s gross domestic product (GDP), which is growing moderately in the first quarter of 2024 (+0.2% after +0.1% in the previous quarter). We are moving forward slowly… while the markets are still facing uncertainties regarding the tone of the Fed press release which will be published tomorrow evening. No decision on rates is expected, but market operators will be attentive to every element that could give an indication of current inflation.
Values: Vusiongroup, Air France-KLM and Broadpeak
Viewgroup Largely at the head of the SBF 120, the French electronic label specialist VusionGroup gained 15.49% to 154.3 euros after the announcement of a major extension of its partnership with Walmart. This concerns an amendment to the contract for an amount of nearly 1 billion euros.
The project aims to further deploy EdgeSense and VusionCloud technologies co-developed by the two groups in Walmart stores in the United States. This innovative technology optimizes the communication and management of price information directly on the displays, while integrating geolocation and information exchange functionalities. VusionGroup will thus equip 1,000 processing stations with these solutions over the next three years, with an acceleration planned for 2026. The group has gained nearly 15% since the start of the year.
Air France-KLM Air France-KLM fell by 4.29% this evening to 9.6 euros following the publication of its results for the first quarter which had the market, despite a slight increase in its turnover which amounted to 6, 65 billion euros. However, the group recorded a significant increase in its losses, with an operating loss of 489 million euros, accentuated by exceptional salary payments and operational disruptions at KLM linked to maintenance delays. These problems were aggravated by difficulties in supplying spare parts and unfavorable weather conditions. The group now sells more than 28% in 2024
Broadpeak The specialist in content distribution solutions, eligible for the PEA-PME, posted an increase of 13.97% to 1.55 euros after having published a turnover of 7.2 million euros for the first quarter, an increase of 1.5% compared to the previous year. This performance is mainly supported by a 21% growth in revenues generated by licenses, services, and maintenance, which now represent more than 90% of its total turnover. The company also announced significant contracts with BT Group, Deutsche Telekom, and TF1, demonstrating strong demand for its innovative technologies, particularly in streaming and advertising. These new agreements strengthen the group’s growth strategy by confirming its financial objectives for 2024. However, the group has lost almost 50% since the start of the year.
Tomorrow’s headlines: Focus US!
While European stock markets will be closed to celebrate May 1, US markets will remain active, focusing global attention on several important economic indicators. Among them, the manufacturing PMI and the manufacturing ISM will be particularly monitored.
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These two indices offer valuable insight into the health of the U.S. manufacturing sector, a vital component of the economy that often influences monetary policy decisions and market movements.
The world after: +1.7 billion for Indonesia!
As part of an expansion strategy in Southeast Asia, Microsoft announced a major investment of $1.7 billion to develop its artificial intelligence and cloud services capabilities in Indonesia.
This plan, which will extend over four years, includes the construction of new data centers. This announcement highlights Microsoft’s commitment to providing advanced and efficient AI infrastructure in the region, aiming to position Indonesia as a key technology hub. The visit of Satya Nadella, the general director of Microsoft, to Indonesia is the first stop of an Asian tour, also including stops in Malaysia and Thailand, intended to promote Microsoft’s generative AI technologies.
In addition to its plans to build data centers, which could be located in Bali or the new capital Nusantara, Microsoft plans to train 2.5 million people in Southeast Asia in AI by 2025, including 840,000 in Indonesia. This initiative reinforces the company’s overall support in the development of AI globally!