the CAC 40 finally on the rise

THE TREND

While the CAC 40 was expected to be on a flat note when it opened, it eventually took an upward path, rising about 0.75% to 6,465 shortly before 9:30 a.m., marking renewed investor optimism. red.

US Treasury yields hit their highest level in two weeks on Wednesday, with the recovery of the ISM industry index and the JOLTS labor market survey suggesting wages and prices should continue to rise, therefore encouraging the Federal Reserve to cut interest rates. keep increasing.

At the same time, JPMorgan Chase CEO Jamie Dimon raised concerns among some investors… Always a good listen on Wall Street, he sent a chill on the financial markets on Wednesday by saying he was currently preparing his bank, the largest US banking, to an economic “hurricane”… He advised investors to do the same, in an environment clouded by the Fed’s monetary tightening and the impact of the war in Ukraine on commodity prices.

WALL STREET

The New York Stock Exchange admitted to pessimism Wednesday night, facing another jump in sovereign interest rates, amid fears a prolonged cycle of rate hikes by the Federal Reserve could drag the economy down. The latest Fed Beige Book, released in the evening, showed that US growth slowed slightly in May, but tensions in jobs and supply chains remained high. The yield on the 10-year T-bond rose to 2.95% during the session, as the Fed began deleveraging its balance sheet on June 1.

At the end of this June 1 session, the Dow Jones fell 0.54% to 32,813 points, while the broad S&P 500 index fell 0.75% to 4,101 points, and the Nasdaq Composite, rich in value technologies and biotech, by 0.72% to 11,994 points . May was very volatile, with the Dow Jones and S&P 500 ending the month virtually unchanged, while the Nasdaq lost about 2%.

ECO AND CURRENCY

UNITED STATES :
– ADP Report on Private Employment in the US. (2:15 p.m.)
– Weekly unemployment registrations. (2.30 pm.)
– Labor costs per unit. (2.30 pm.)
– Final non-agricultural productivity of the first quarter. (2.30 pm.)
– Orders of durable goods. (4:00 in the afternoon.)

Europe:
– European producer price index. (11:00)

The euro/dollar parity reached $1.0663 this morning. A barrel of Brent is trading at $114.63. An ounce of gold trades for $1,847.

INCREASING VALUES

Rémy Cointreau (+1.20% to €172.80) realized a consolidated turnover of €1,312.9 million in 2021-22, an increase of +27.3% on an organic basis1 (ie +29.4% compared to 2019-20). The group took full advantage of the boom in new consumer trends, especially the higher market and the development of mixology. Current operating profit was €334.4 million, reflecting exceptional organic growth of +39.9% (ie +56.9% compared to 2019-20). The current operating margin (25.5%) thus recorded a strong organic increase of +2.3 points (ie +4.6 points compared to 2019-20), reaching its all-time high.

Renault (+0.40% to 26.30 euros) and Managem Group, a Moroccan player in the mining and hydrometallurgy sector, announced the signing of a memorandum of understanding to secure the supply of low-carbon cobalt sulphate for electric batteries set. The agreement provides for the supply by Managem Group of 5,000 tons of cobalt sulfate per year for a period of 7 years, starting in 2025.

Saint-Gobain (+2.90% to EUR 56.27) confirms that it aims to further increase its revenue in 2022 compared to 2021 at comparable exchange rates. In the first half of 2022, the Group expects operating profit to surpass the record level of the first half of 2021 and for the operating margin to reach double-digit levels. The results for the first half of 2022 will be published on Wednesday 27 July 2022.

Eurofins Scientific (+1.60% to EUR 86.58) announces that it has entered into a partnership with shareholders of Saudi Ajal, its parent company, to acquire a majority stake in Ajal for Laboratories, a food analysis laboratory , tobacco and pharmaceuticals based in Riyadh, Saudi Arabia (“KSA”).

DECREASING VALUES

AMA (-19.35% to 1.50 euros) this evening issued a press release to explain that it took note of the evolution of the assisted reality solutions market, “below its expectations” and announced an action to announce its organization and have “flexibility and the resources adapted to the resumption of growth in its market”. AMA is considering a global savings plan with in particular the elimination of approximately 70 positions worldwide, including approximately 60 positions in France, divided into AMA R&D (approximately 35 positions), AMA OPS (approximately 10 positions) and AMA SA (approximately 15 positions) .

THEY PUBLISH THEIR REVENUE/RESULTS…

catana

THE LATEST “RECOS” FROM ANALYSTS…

GreenSome Finance remains long on Uniti, but with a target lowered to 3 euros.

MARKET INFORMATION

Nexity: Alain Dinin acquired 340,000 shares (0.6%) of New Port.

Elis: New 10-year USPP-format financing for $175 million.

BigBen Interactive: capital reduction by canceling treasury shares.

Egide: proposed transfer to Euronext Growth.

Adomos picked up 2.32 ME, subscribed Buy-Louer.fr.

IN SHORT

TheraVet launches its new range of bone substitutes.

Nyxoah: FDA clears use of Genio 2.1 in pivotal DREAM US IDE trial.

Intrasense signs a strategic partnership with Nurea.

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