CAC 40 without a clear trend…
TREND
Recent reductions in health restrictions
In China, a factor that has contributed to the continuous rise of European shares in recent weeks, will not have an impact this morning, as the CAC 40 is expected without much of an opening trend, although many Asian markets have benefited greatly. Like Hong Kong, which rose 4%.
Several Chinese cities announced the easing of restrictions on the spread of the COVID-19 outbreak on Sunday, suggesting Beijing is continuing to ease health policies after the demonstrations of the past few weeks, which could support growth and demand for materials.
This first session of the week will be animated by the final results of the S&P Global PMI surveys on services sector activity, eurozone retail sales figures and the American ISM services index, among other things.
US monthly employment statistics released on Friday did not cast doubt on the preferred scenario of a rate hike capped at 50 basis points next week, but above-expected numbers for job creation and wages warrant caution.
WALL STREET
The US rating ended the week mixed after the release of a better-than-expected employment report. However, this excellent economic news dashed hopes of a “Fed pivot” that carried indices this week after comforting words from Jerome Powell about a potential slowdown in the pace of monetary tightening.
At the close of the market, the S&P 500 was down -0.12% to 4,071 points. Nasdaq fell -0.18% to 11,461 points. The Dow Jones index increased by +0.10% to 34,429 points and ended on a more optimistic note.
ECO AND CURRENCIES
France:
– Industrial production in France. (08:45)
– Markit final French PMI index for services. (09:50)
United States of America:
– Monthly US Auto Sales (BEA).
– Final US PMI services index. (15:45)
– US composite final PMI index. (15:45)
– Durable goods orders. (16:00)
– Industrial control. (16:00)
– ISM US services index. (16:00)
Europe:
– Final index of Markit Spanish PMI services. (09:15)
– Markit Italian final PMI for services. (09:45)
– Markit final German services PMI index. (09:55)
– Markit final European PMI index for services. (10:00 A.M.)
– Final composite European Markit PMI index. (10:00 A.M.)
– Sentix Index of Investor Confidence. (10:30 a.m.)
– Final CIPS UK Services PMI. (10:30 a.m.)
– European retail sales. (11:00 a.m.)
Euro/dollar parity reached $1.0563 this morning. A barrel of Brent oil is sold at $86.03. An ounce of gold sells for $1,800.
INCREASING VALUES
Beneteau: FY2022 will be significantly ahead of schedule, with revenue growth for the Boat division close to 12% and revenue growth for the Housing division close to 35%. The consolidated turnover should increase by 15% compared to 2021 and exceed 1.4 billion euros. The group should meet or exceed its latest forecast for current operating profit of 120 to 125 ME, which would thus be an increase of more than 30% compared to the current turnover. 2021 (95.8 ME).
CGG, a global technology and earth sciences leader, today announced a multi-client data project focused on mining exploration and development in southeastern Arizona. This industry-funded project is expected to start soon and license subscriptions are now open. The final products will be delivered through CGG’s proprietary GeoVerse platform.
WRITE THEIR PERIODS/RESULTS…
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LATEST “RECOS” FROM ANALYSTS…
JP Morgan reverts to ‘underweight’ from ‘neutral’ on Plastic Omnium and has a price target of €14.
Jefferies reverts to “buy” from “hold” on the Saint-Gobain file, targeting €65.
Jefferies also remains long on Vinci with an adjusted target of €105 to €115.
MARKET INFORMATION
Actia Group: The transfer to Euronext Growth is planned for February 2.
SHORT
Valneva: positive data at 12 months on persistence of antibodies with chikungunya vaccine.
Groupe ADP opens Terminal 1 to passengers.
Hybrigenics reveals the goals of its strategic plan.
