After the American companies, the turn of the French companies to throw themselves into the bath of the publications of results for the fourth quarter of 2021. Particularly confident, the analysts expect that the big names on the Parisian coast will post record performances. The cumulative net profits of Cac 40 stocks should flirt with 130 billion euros in 2021, or nearly 4 times those of 2020, according to the FactSet consensus. Never seen. The luxury giant LVMH alone, which will enter the dance on Thursday, should post a net profit of 10.7 billion euros. In semiconductors, STMicroelectroncis, which will be on the job the same day, should reveal a net profit of 1.7 billion dollars.
In the meantime, Monday’s session will be marked by publications of average values, such as Bigben Interactive, Lumibird, Nakon and Omer-Decujis. Internationally, the American IT giant IBM will unveil its fourth quarter accounts.
Germany lags behind
On the statistical agenda, investors will focus on Preliminary PMI indices of purchasing managers’ sentiment in the services and manufacturing sectors in January in the euro zone and the United States. With the appearance of the Omicron variant at the end of November in South Africa and its arrival in mid-December in Europe, it is very likely that the morale of the purchasing managers has dropped somewhat. All the more so as other disturbing elements are added, such as shortages of components, the lack of manpower and the persistence of high inflation. In Germany, the composite index should remain below the 50 mark, which acts as a boundary between the contraction zone and the expansion phase of activity.
Country | Indicator | Consensus | Previous |
France | Manufacturing PMI | 55.5 | 55.6 |
France | PMI Services | 55.5 | 57 |
France | Composite PMI | 54.6 | 55.8 |
Germany | Manufacturing PMI | 57.2 | 57.4 |
Germany | PMI Services | 48 | 48.7 |
Germany | Composite PMI | 49.5 | 49.9 |
Eurozone | Manufacturing PMI | 57.8 | 58 |
Eurozone | PMI Services | 52.4 | 53.1 |
Eurozone | Composite PMI | 52.9 | 53.3 |
In the United States, the PMI index, which is a little less watched than the ISM, should also fall slightly while remaining above 50. Finally, note that the first round of the election Italian presidential election will take place this Monday, in order to appoint Sergio Mattarella’s successor. For the time being, no candidate is officially in the running even if Silvio Berlusconi, 85, has expressed his interest. For the financial markets and Brussels, the central question is whether the former president of the European Central Bank will run.
PC