Morning meeting AOF France / Europe – Cautious rise expected – 12/08/2022 at 08:38
(AOF) – European markets are expected to rise slightly. Despite the good news about China’s anti-Covid policy, investors are worried about recessionary risks as the Fed may keep rates higher for longer. Investors will be particularly interested in the weekly US jobless claims at 2:30 pm This morning, the US 10-year yield gained 3 basis points to 3.456%. In Paris, investors will respond to Derichebourg’s annual results.
The values to follow now
Carmat
Carmat announced the success of its fundraising for a total total amount of 31.1 million euros, of which 27.2 million euros were subscribed by specialized investors and 3.9 million euros by individual investors through the PrimaryBid platform. The designer and developer of the most advanced total artificial heart in the world determined that the operation was carried out by issuing, without preferential subscription rights and without priority period, 2,960,710 new ordinary shares, representing 15% of the company’s current capital before fundraising .
LDLC
LDLC, the specialist in the sale of computers and high-tech equipment, has announced the opening of four new stores in December, making it possible to cross the milestone of 80 stores in France. These are LDLC Melun Cesson (December 7), LDLC Saint-Nazaire Trignac (December 9), LDLC Niort (December 13) and LDLC Claye-Souilly (December 14). Each of the stores has an LDLC workshop where customers can drop off their computer equipment for repair but also continue to assemble their custom PC.
Derichebourg
Over the 2021-2022 financial year, Derichebourg’s net profit attributable to shareholders reached 237.6 million euros, an increase of 36.5%. Current EBITDA reached a record level, at 510.1 million euros, up 31.4%. This represents 9.7% of turnover against 10.7% for the previous financial year. Ecore’s estimated contribution is €115 million since its acquisition. Considering an integration of Ecore in 12 months, the current EBITDA would be €535 million.
Eiffage
Eiffage, through Eiffage Construction and Eiffage Services, won the contract for the design-construction-operation-maintenance of the “Second Major Site” of the central administration of the ministries responsible for social affairs. The total value of the contract is 178 million euros, including more than 156 million euros for Eiffage (including 155.2 million euros for deconstruction and new works).
Macroeconomic numbers
The weekly jobless claims in the United States are expected at 2:30 pm and the weekly evolution of gas stocks at 4:30 pm
This morning, the euro gained 0.06% to 1.0516 dollars.
Yesterday in Paris
European markets continued to fall despite the easing of long rates in the United States. With recession fears roiling the market, the 10-year US yield fell 7 basis points to 3.465%, giving markets a headwind. However, the European stock market succumbed to selling pressure at the very end of the session. Sanofi’s strong rise thanks to a legal victory in the United States supported the CAC 40. The latter closed up 0.41% at 6,660.59 points while the EuroStoxx50 lost 0.33% at 3,926.09 points.
Yesterday on Wall Street
The S&P 500 index (-0.19% to 3,933.92 points) recorded the fifth consecutive session of decline. Investors remain troubled by recent better-than-expected US data — specifically the November ISM services — that point to the Fed leaving interest rates high for longer than they expected. . Which would be bad news for the economic outlook. Investors fear recession. The Dow Jones index ended flat at 33,597.92 points and the Nasdaq Composite fell 0.51% to 10,958.55 points.
