Cac 40 continues its dynamics, European indicators meet expectations, market news

The Paris Stock Exchange rose for the third session in a row, still supported by good corporate publications, as well as the prospect of new measures by Beijing to support its economy. As for the euro area, the daily figures are in line with expectations. In April, inflation remained at 7.5% year on year, while GDP growth was 0.2% in the first quarter against + 0.3% three months earlier.

At 11:15 Bedroom 40 increased by 1.22% to 6,587.38 points with a business volume of about 700 million euros. Currently, April is losing 1.15%.

In New York on Thursday night, the S&P 500 and Nasdaq Composite signed the biggest growth in more than a month, thanks in part to Meta’s better-than-expected results. Contracts futuri However, US indices began to fall again in the morning, Apple and Amazon somewhat dampened investor optimism.

The apple is exposed to supply strains

The iPhone maker certainly exceeded expectations, but warned of the consequences of supply disruptions, which could cost him from 4 to 8 billion dollars in the current quarter. The online sales giant, meanwhile, presented sales forecasts below Wall Street expectations. Apple fell more than 2% and Amazon fell 9% in post-market deals.

Investors did not notice an unexpected 1.4% decline in US GDP in the first quarter, for the first time since 2020, but this failure should not deviate the Fed from its recent roadmap, as the Fed rate will rise by 150 basis points over the next three months. The Monetary Policy Council is due to convene next Tuesday and Wednesday.

Cars and aeronautics surrounded

This afternoon, the US economy will be the focus of household income and expenditure statistics for March, which includes the personal consumption expenditure index PCE, the inflation rate followed by the Fed. Also read the Chicago PMI for April and the final Consumer Sentiment Index calculated by the University of Michigan for the month ending.

Saint-Gobain increased by 2.3%. The construction materials expert confirmed that he expects further growth in operating income in 2022, as its growth accelerated in the first quarter amid the steady rise in prices for its products.

safran occupies 0.5%. The engine manufacturer has confirmed its annual targets, seeing significant progress in the first quarter. The group also announced measures to compensate for the impact of the conflict in Ukraine on the current operating margin, which it estimates is about 150 basis points.

In the same sector, Airbus grew by 2.9% a few days before the publication of quarterly results.

Coface an increase of 0.9%. In the first quarter, the credit insurer’s turnover amounted to 431 million euros, which is 12.8% more than the constant volume and exchange rate.

Accor receives 2.5%. The hotel group is optimistic about the resumption of its activities, as its revenues jumped in the first quarter due to the opening of borders and the restoration of demand from national customers.

Remy Cointreau increases by 3%. The spirits group expressed confidence in its 2022-2023 financial year, which will end at the end of March 2023, and reaffirmed its financial goals for the last 2021-2022 financial year, during which its turnover increased by 30%.

Plastic omnium increases by 4.4%. The automotive supplier has announced a € 600 million acquisition of Varroc Lighting Systems (VLS), a automotive lighting system supplier. Its competitors Valeo and Fauretia increase by 3.4% and 4.5% respectively.

Finally, Seb decreased by 4.9%. The manufacturer of small household appliances reported sales of 1.9 billion euros in the first quarter, an organic growth of 0.4%.