The pace of quarterly business deliveries is intensifying


Michelin and Orange will be in the hot seat on Tuesday. Investors will also be interested in the financial performance of Lagardère, M6, 3M or Microsoft as well as activity indicators from the United States.

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The pace of quarterly corporate shipments intensifies | Photo credits: Mauritius Telecom/France Telecom group

The pace of corporate earnings releases is ramping up. After Vivendi on Monday, Orange and Michelin, also listed on the Cac 40, will reveal their financial performance as of March 31. Investors will be attentive to the ability of the tire manufacturer, which will publish after Bouse, to pass on the surge in commodity prices to its selling prices. On the side of the incumbent, these results will be the first of the Christel Heydemann era. Apart from the flagship index, many companies will also be at work: bic, Exel Industries, Faurecia, HighCo, The French Energy, Lagardere, M6, Manitou, Dried Environment, side trade, SMCP, SQLI and Valeo. The general assembly season is also in full swing. Tuesday, Danone, FDJ or M6 will bring together their shareholders.

The American consumer keeps morale high

Internationally, the microeconomic agenda is just as busy. 3M (DJ), General Electric, General Motors, Microsoft (DJ) and Visa (DJ), to name but a few, will deliver their quarterly results. On the macroeconomic level, all eyes will turn to the United States, where four indicators are expected: the S&P-Correlogic index of real estate prices in 20 metropolises in February (consensus: +1% over one month), the March durable goods orders (consensus: +0.1% over one month), the sales of new homes during the same period (consensus: 770,000 at an annualized rate) and theconsumer confidence index as calculated by the Conference Board for the month of April. ” For motorists, prices at the pump have retreated since their peak in March while the job market remains boiling hot. These developments are usually viewed positively by households “, analyzes the firm Oddo BHF. As a result, the confidence index is expected to gain ground, to 108.5 in April, from 107.2 in March.


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