The Paris Stock Exchange experienced another very positive session on Thursday (+1.36%), supported by results from well-made companies which put the worrying themes of the moment in the background, in particular inflation and monetary policy. .
The Parisian rating gained 90.19 points to 6,715.10 points, alongside its pre-war levels in Ukraine, the day after a rebound of 1.38%.
For the moment, the results season is going rather well and expectations for earnings growth over the year are positive, despite the pressure on margins, the rise in raw materials and the expected economic slowdown, underlines Frdric Rozier, portfolio manager portfolio at Mirabaud France.
The expert notes that the debate between the RN candidate Marine Le Pen and the outgoing president LREM Emmanuel Macron, at the top of the voting intentions for the second round of the presidential election, also had a small effect on the Parisian coast.
On the debt market, government bond yields have risen again, while investors are careful that a rise in central bank key rates is not too violent so as not to risk stifling growth.
The leaders of the three central banks of the United States, the euro zone and the United Kingdom will speak on Thursday at a meeting of the International Monetary Fund (IMF).
Market operators expect an acceleration of monetary tightening from the US central bank (Federal Reserve, Fed) this year.
– Recessed crossroads
The title of Carrefour lost 2.95% to 19.77 euros, pausing after having climbed more than 25% since the start of the year.
The distribution group achieved sales above analysts’ expectations in the first quarter of 2022, thanks in particular to Latin America. Some investors judged the performance achieved in France weak.
– Eurofins raises its sales target
Revenues from the French giant of Eurofins Scientific analytical laboratories rose in the first quarter despite the impact of lower sales of Covid-19 diagnostic tests. Its share price, however, fell 4.75% to 89.80 euros, due to forecasts deemed prudent by operators concerning future revenues linked to Covid-19.
– Voting extensions at L’Oral and LVMH
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The president of L’Oral Jean-Paul Agon, now aged 65, will be able to remain in his post until he turns 73, according to a vote on Thursday at the group’s general assembly, which approved results for 2021. called historical. The action closed up 2.06% to 360.95 euros.
The CEO of LVMH Bernard Arnault, 73, will be able to remain general manager of the group until his 80th birthday, according to a vote Thursday of the general assembly of the world number one in luxury. The action ended up 1.73% at 653.40 euros.
– Accor and Ennismore want to open 1,300 Jo&Joe hotels in China within 30 years
The hotel groups Accor (+4.17% 31.69 euros) and Ennismore announced Thursday a partnership with the Chinese promoter Funyard for the opening in China, over the next 30 years, of 1,300 Jo&Joe establishments, a hotel concept youth hostel launched in 2017.
– Verallia aims for growth above 10%
The food and drink packaging specialist confirmed its annual targets and recorded a 24% increase in turnover in the first quarter. The surprise also comes from the excellent performance of profitability, underline the analysts of Oddo BHF in a note. The action jumped 11.42% to 25.96 euros.