AOF France / Europe Morning Meeting – Drop in Sight in Awaiting Inflation in the United States

(AOF) – European stock markets are expected to fall at the opening after Wall Street and some Asian markets. In Japan, the Nikkei has just closed at 1.49%. Investors around the world are worried about the economic slowdown and inflation. They fear the impact of rising long rates on the deteriorating economic situation. In this context, the announcement of inflation in the US in May is eagerly awaited at 14:30, as well as the US consumer sentiment index in June at 16:00.

Values ​​to be adhered to today

inventive

Inventiva has announced the selection of three scientific theses for a poster presentation at the International Liver Congress 2022, organized by the Association for the Study of the Liver (EASL) from 22 to 26 June 2022 in London, UK. These three poster presentations demonstrate the beneficial effect of his experimental treatment with lanifibranor on cardiometabolic health markers in patients with NASH (nonalcoholic steatohepatitis) with non-cirrhotic fibrosis, regardless of the observed weight gain.

ACT Group

The Joint General Meeting of Shareholders of AST Groupe approved all the proposed resolutions, with the exception of Resolution 14 on the capital increase for employees, which was rejected as recommended by the Board of Directors. The renewal of the mandates of Jerome Gacoin and Olivier Lamy as directors was approved for a term of 6 years. The general meeting also approved the distribution of dividends of 0.10 euros per share. Dividends will be paid on June 24.

Eiffage

Eiffage, through its subsidiaries Eiffage Génie Civil and Eiffage Senegal, has won a contract with the Eaux du Sénégal National Society (SONES) for the design, construction and operation of 24 months of future Mamelles seawater desalination in Dakar, Senegal. The total amount of the contract is almost 146 million euros.

Ipsos

Ipsos has announced the appointment of Dan Levy as CFO of the group from June 10, 2022. Dan Levy will report to Ben Page, CEO of Ipsos, and will replace CFO Lawrence Stocklet, Deputy Chief Executive Officer Group Officer and until then Head of Finance and Support at Ipsos.

Macroeconomic indicators

At 2:30 p.m., investors will take into account May consumer prices in the United States and at 4:00 p.m., the University of Michigan’s consumer sentiment index in June (first estimate).

At about 8:30 a.m., the euro rose 0.03% to $ 1.0623.

Yesterday in Paris

With moderate declines, European stock markets increased their losses after the ECB. Faced with sustained inflation, the ECB did not tremble, even if it meant destabilizing investors. The central bank not only confirms, as expected, the completion of asset purchases in late June and the intention to raise key interest rates by a quarter of a point in July, but also mentions an increase in September. . Which can exceed a quarter of a point depending on the situation. The CAC 40 fell 1.4% to 6,358.46 points and the Euro Stoxx 50 lost 1.59% to 3,728.68 points.

Yesterday on Wall Street

US markets closed sharply after statements by the ECB. It will not only raise its base rate by 25 basis points in July, but also opened the door to raise its rate by 50 basis points in September. These “hawkish” statements by the ECB led to a further rise in long rates in Europe and the United States. Thus, the American 10-year-old was set above the 3% threshold. The Dow Jones lost 1.94% to 32,272.79 points and the Nasdaq Composite lost 2.75% to 11,754.23 points.