The Paris Stock Exchange begins its session in green, a pleasant surprise for the goal is considered soothing at a time when the profits of American “high technology” are under close scrutiny. Contracts future on the Nasdaq 100 this morning rose by almost 2%, pulling the region’s markets as well as European markets up.
At 9:10 p.m. Bedroom 40 increased by 1.06% to 6513.65 points.
The parent company Facebook published better-than-expected results and announced an increase in the number of daily users of the social network, which exceeded expectations. The stock jumped more than 18% in post-market operations. Prior to that, almost 5% growth of Microsoft, present in the three major New York indices, allowed Wall Street to close its balance sheet after an unstable start to the session on Wednesday.
Focus on German inflation and US GDP
However, volatility in financial markets remains high due to the uncertainty created by the war in Ukraine, the prospect of a sharp tightening of monetary policy by the Fed and the risk of a slowdown in the Chinese economy caused by the policy of “zero Covid”. which paralyzes several major cities in the country.
In this turbulent environment, investors are closely watching the first estimate of German inflation in April, but especially the GDP of the United States, the world’s largest economy, for the first quarter. The Bloomberg consensus predicts growth of 1% year on year compared to 6.9% growth in the last three months of 2021. A lower-than-expected figure could halt the rise of the dollar, especially after the widening trade deficit in March prompted some economists to reconsider their copy.
The dollar continues to rise, crossing the 130 yen threshold for the first time since 2002, while the Bank of Japan has kept its rates and target on government bond returns unchanged, against the trend of other banks’ power plants. For its part, the euro is hovering around $ 1.0530, the lowest in five years, thanks in part to Gazprom’s suspension of gas supplies to Poland and Bulgaria.
New serial confirmations
Capgemini increased by 3.8%. SSII confirmed its goals for 2022 after recording an acceleration of its growth in the first quarter. In the current financial year, it still expects to increase its turnover at constant exchange rates between 8% and 10%, an operating margin of 12.9% to 13.1% and the creation of organic free cash flow in excess of 1.7 billion euro.
Other technological stocks follow the example World line (+ 1.9%) and STMicroelectronics (+ 1.3%).
TotalEnergies get 1%. The net profit of the oil group in the first quarter tripled to $ 9 billion. The company now expects to repurchase up to $ 3 billion in the first half of the year, up from $ 2 billion in the previous half. She also announced that she had transferred $ 4.1 billion to her accounts in connection with the Arctic LNG 2 liquefied natural gas project in Russia following European Union sanctions against Moscow.
Sanofi is stable. The pharmaceutical group reiterated its desire to further increase earnings per share (EPS) from operations in 2022, after significantly exceeding analysts’ expectations in the first quarter.
Pernod Ricard occupies 0.7%. The Alcoholic Beverages Group says it expects its current operating income (ROC) to grow organically by about 17% in fiscal 2021-2022 after sales rose significantly in the third quarter.
Thales loses 1.6%. The Defense Electronics Group reaffirmed its forecast for 2022 after an organic growth of 2.7% in the first quarter. From January to March, it generated revenue of € 3.73 billion, up 4.4% from last year, according to published data and 2.7% over constant volume and exchange rates.
Unibail-Rodamco-Westfield rose by 0.7%. The commercial real estate company confirmed its plan for net profit for 2022, recording a growth of 34.2% in the first quarter.
Albioma jumped by 14.7%. The renewable energy producer has reached an agreement with private investment company KKR & Co to take it over at a price of 50 euros per share, plus a dividend of 84 cents, which will be paid in cash. The offer is a 51.6% surcharge on the March 7 price, the latest not affected by market speculation about KKR’s interest in Albioma.