the CAC 40 at its lowest point for more than 2 months

THE TENDENCY

False hope! The ‘futures’ this morning announced a modest rebound of the CAC 40, at least one opening level above the 5,918.50 closing points of yesterday. It was not to be, down 0.21% at 9am, the last half hour before the market marked a decline on investors’ good intentions. Over the minutes, the decline is gathering momentum with the Parisian index even crossing 5,900 points lower, with a low of 5,890 points. The last time it fell below the 5,900 point level was on July 14.

Before the session of the day, the CAC 40 fell more than 17% since January 1: the almost synchronized rise this week in interest rates by several central banks, including the US Federal Reserve, and the multiple warnings about the risks of recession increase uncertainty, pushing investors to take refuge in the dollar and the bond market to the detriment of equities…

To watch today: monthly PMIs for manufacturing and services activity.

FINANCIAL WORLD

Wall Street fell again on Thursday, after the sanction the day before after a still very harsh speech by Jerome Powell… The S&P 500 lost another 0.84% ​​to 3,757 pts, the Dow Jones lost 0.35% to 30,076 pts and the Nasdaq -1.37% to 11,066 pts. On the Nymex, a barrel of WTI crude recovered 0.8% to $83.60. Dollar index up another 0.5% against a basket of currencies as long rates continue to rise…

ECO AND COINS

France :
– Preliminary French Manufacturing PMI Market Index. (09:15)
– Preliminary PMI index of the French services market. (09:15)

USA :
– Preliminary US Composite PMI (15:45)
– Preliminary US Manufacturing PMI (15:45)
– Preliminary US Services PMI from Markit. (15:45)

Europe:
– Import prices in Germany. (08:00)
– Spanish final GDP for the second quarter. (09:00)
– Preliminary German Markit Manufacturing PMI. (09:30)
– Preliminary Markit German Services PMI. (09:30)
– Markit Preliminary European Composite PMI Index. (10:00 a.m.)
– Preliminary Markit European Services PMI Index. (10:00 a.m.)
– Preliminary European Markit Manufacturing PMI. (10:00 a.m.)
– Final Italian GDP. (10:00 a.m.)
– UK Preliminary CIPS Manufacturing PMI. (10:30 a.m.)
– Preliminary UK CIPS services PMI. (10:30 a.m.)

The euro/dollar parity reached $0.9833 this morning. A barrel of Brent is trading at $90.28. The ounce of gold is trading at $1,673.

RISING VALUES

Equasens (+1.40% to €71.20): The Group’s Current Operating Income increased by 5.37% to €25.76 as of June 30, 2022, notably impacted by the increase in non-recurring general expenses, compared to the first half of 2021. Plus the 2022 financial year, the COI/Sales ratio will follow the same trend as in previous years. The Net Result stands at 20.95 ME (+18.92%) and the Group’s Share in the Net Result stands at 19.73 ME (+18.96%). As of June 30, 2022, the Basic Earning per Share amounts to €1.31 compared to €1.10 as of June 30, 2021 (+19.10%).

L’Oréal (+0.20% to €328.90) announces the acquisition of Skinbetter Science, an American skincare brand at the forefront of dermatological research, recommended by health professionals for the efficacy of its ingredients patented, as well as for the ultra-sensoriality and the richness of its textures.

FALLING VALUES

Akwel (-2.80% to 14.68 euros): The gross operating profit for the first half fell by 34.6% to 42.3 ME, and the current operating profit fell by 64.6% to 17.7 ME, which represents a current operating margin of 3.6% on sales, 6.7 points less. The financial result deteriorated by 9.4 ME due to the application of the IAS 29 standard mentioned above. The group’s share of net income is 1.9 FC instead of 38 FC…

TF1 (-0.60% to 6.40 euros) regrets the decision of the courtroom judge of the Paris Commercial Court who did not see the urgency of preserving the interests of viewers who use the TNTSAT service so that they do not – like the president of ARCOM recently pointed out – being hostage to a commercial dispute that does not concern this service. In order not to leave unresolved households that only have TNTSAT to receive their DTT channels, the TF1 group has decided to take the case to the Paris Court of Appeal; This must be decided very soon…

Alten (-1% to 113.30 euros): The growth of the activity stands at +18.4% in France and +38% internationally. At constant scope and exchange rates, growth was 19.8% (14.5% in France and 22.8% outside France). All sectors of activity are growing and have exceeded their pre-crisis level, including Civil Aeronautics and Automotive. Most geographic areas are showing strong organic growth, above 15%. Only Scandinavia and Switzerland (7% of total turnover) have growth below 5%. The significant improvement in the activity rate, the strong growth of international business, which is more profitable, and the rigorous management of structural costs allowed the operating margin to increase to 11.4% despite the evolution of salaries (9.8% in June 2021). ). After taking into account the tax charge of 48.3 ME, the net profit, the Group’s participation amounted to 139 ME.

VALUES TO FOLLOW

Biosynex is suspended since yesterday on Euronext Growth. This suspension occurs at the request of the company, pending the publication of a press release. It will continue until further notice.

THEY PUBLISHED THEIR BILLING/RESULTS…

Witbe, OSE Immuno, SFPI Group, Micropole, Foncière 7 Investissement, IT Link, Cerinnov Group, Fermentalg, Robertet, Compagnie du Cambodge, Kumulus Vape, BOA Concept, SQLI, Lumibird, Keyrus

THE LATEST “RECOS” OF THE ANALYSTS…

Citigroup lowers its recommendation on Neoen from “buy” to “sell”.

MARKET INFORMATION

Atari: listing suspension.

EssilorLuxottica: launch of a share buyback program.

Technicolor: Technicolor Creative Studios in-kind distribution release.

SOON

Innate Pharma: Presentation of data from the phase 2 TELLOMAK trial.

Lhyfe inaugurates the world’s first pilot offshore renewable hydrogen production site.

Quadient launches the Large Format Package Locker.

Oncodesign: OPM and Servier will collaborate in the treatment of pancreatic cancer.

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