Morning session AOF France / Europe – Stock markets remain in order

(AOF) – European stock markets, which closed mixed yesterday, are expected to open slightly higher at the opening of the final session of November. A slowdown in manufacturing activity in China is also prompting investors to reassess expectations for the country’s reopening. Barring a scheduled speech by Fed Chair Jerome Powell, caution is still in order as key statistics such as eurozone inflation and US GDP are released on Wednesday.

Values ​​to watch today

trigano

Leisure equipment maker Trigano posted a “record” net profit of 278.5 million euros for the 2022 financial year, up 24.9%. A decline in motorhome sales of around 3.2 billion euros was “partially offset by progressive price increases and well received by customers” as well as good growth in other activities, the group said in a press release.

Heritage

The Herige Group announces the completion of the acquisition of 100% of the capital of Poralu, which specializes in the custom manufacture of joinery and caps in Aluminium, PVC and Wood. Poralu Groupe thus joins Atlantem, the Joinery subsidiary of the Herige Group, forming a leading French industrial player in the production of joinery and exterior fasteners for buildings.

L’Oreal

L’Oréal and French biotech Microphyt announce a strategic partnership in which L’Oréal’s private equity fund BOLD (Business Opportunities for L’Oréal Development) acquires a minority stake in Microphyt. This transaction is fully in line with L’Oréal’s Research and Innovation strategy in Green Sciences through numerous strategic partnerships with innovative start-ups in the biotechnology sector in France and abroad.

IIS

The SII group, a specialist in engineering professions, announced its half-year results, which showed a turnover of 477.3 million euros, an increase of 26.8%. The growth in activity achieved during this half-year is higher than that achieved in the previous financial year, and it is now largely back to the pre-crisis level. The Group is fully benefiting from the sector’s vitality. Activity in France increased by 13% to 199.2 million euros.

trigano

Recreational vehicle maker Trigano posted a “record” net profit of 278.5 million euros for the 2022 fiscal year, up 24.9%. The decline in motorhome sales of around 3.2 billion euros was “partially offset by progressive price increases and well received by customers” as well as good growth in other activities, the group said in a press release.

Macroeconomic indicators

In France, detailed GDP for the third quarter, household consumption in October, inflation in November and the producer price index in November will be available at 8:45.

Germany’s November unemployment rate will be announced at 9:55 am.

November inflation in the euro zone will be announced at 11:00.

In the US, the ADP survey on private employment in November will be published at 14:15.

The second estimate of third-quarter GDP and the October trade balance will be released at 2:30 p.m.

The Chicago area PMI for November will be released at 3:45 p.m.

October property sales promises and Jolts report on new job offers in October will be known at 16:00.

The weekly evolution of oil product stocks will be known at 16:30.

The euro was up 0.23% at $1.0353 by 8:30 am.

Yesterday in Paris

European stock markets closed the session in mixed order. While investors are hoping for an easing of health restrictions in China, the country’s daily number of Covid cases continues to rise. As for statistics, inflation in Germany fell for the first time since November, with prices falling by 0.5% over the month. In terms of values, TotalEnergies topped the Paris index, supported by rising oil prices. CAC 40 increased by 0.06% to 6,668 points, and Euro Stoxx 50 decreased by 0.06% to 3,933 points.

Yesterday on Wall Street

The New York Stock Exchange ended bearish yesterday as major tech stocks fell, particularly Apple, ahead of Federal Reserve Chairman Jerome Powell’s speech on Wednesday. Investors have been urged to be cautious ahead of Jerome Powell’s speech on the outlook for the US economy and labor market. The Dow Jones ended at 33,852, while the tech-heavy Nasdaq was down 0.59% at 10,953.