AOF France / Europe morning meeting – Stocks expected on a stable note – 12/05/2022, 08:33
(AOF) – European equity markets are expected to show little change at the open on Monday amid a general renewed appetite for risk fueled by the recent easing of health restrictions in China. Also, the US monthly employment statistics released on Friday did not change the preferred scenario of a capped rate hike of 50 basis points next week. However, the higher-than-expected numbers for job creation and wages call for caution.
Values to watch today
GTT
In a decision dated December 1, 2022, the Seoul High Court partially upheld GTT’s appeal against the Korean Fair Trade Commission’s rectification decision, overturning a €9.5 million administrative fine paid by GTT in early 2021. In the same ruling, the Seoul High Court upheld the company’s obligation to separate its technology license agreement from technical assistance if requested by Korean shipbuilders.
Lucibel
As part of the international marketing strategy for the OVE beauty mask, Lucibel.le Paris, the cosmetic subsidiary of the Lucibel group, announces the signing of a commercial partnership with the Israeli company High Level Skin. This collaboration follows the announcement in October with the luxury hotel Constance Prince Maurice, one of Mauritius’ most iconic palaces.
OL Group
OL Groupe reminds that Eagle Football Holdings LLC, managed by John Textor, together with its main historical shareholders (Pathé, IDG Capital and Holnest) has committed to purchase 39,201,514 shares of OL Groupe and 789,824 shares of OLE Groupe at a price of 3 euros per share. took it. Price €265.57 for OSRANE. The purchase agreement is firm and unconditional; in particular, it does not cover terms related to transaction financing or third party agreements.
Teleperformance
The biggest gainer on the CAC 40 on Friday was Teleperformance, which rose 3.30% to 228.50 euros. Business call center manager UNI Global Union has announced a global agreement with services union federation. The agreement, which covers Teleperformance’s 44,000 employees worldwide, aims to strengthen the protection of workers’ rights to form unions and participate in collective bargaining. The group also reflects a concerted desire for progress in the area of the working environment, particularly in the area of health and safety.
Macroeconomic indicators
Purchasing managers’ indexes for services and composites in France will be released at 9:50 a.m. in November, and at 9:55 a.m. in Germany.
In November, purchasing managers’ indices for services and the Composite will be released at 10:00 a.m. in the euro zone.
The Sentix index of Investor confidence in the Eurozone for November will be announced at 10.30 am.
October retail sales in the Eurozone will be known at 10:00.
In the U.S., purchasing managers’ undices for services and composites in November will be announced at 3:45 p.m.
The Purchasing Managers’ Index (ISM) for services in November and industrial orders for October will be released in the US at 4:00 p.m.
The euro rose 0.28% to $1.0565 by 8:30 am.
Friday in Paris
European markets were close to balance, while the Paris market ended in the red. While good employment figures in the US are good news for the economy, they are not for investors. They imply that the Fed will have to keep its foot on the monetary brake for a long time, and certainly longer than markets expect. The CAC 40 index fell 0.17% to 6,742.25 points, limiting its weekly gain to 0.44%. EuroStoxx50 decreased by 0.18% to 3,977.28 points.
Friday on Wall Street
US stock markets closed mixed. US unemployment numbers (263,000 jobs added in November, 200,000 more than expected) dampened expectations of a slowdown in interest rate hikes at the Fed’s next meeting. Interest-rate-sensitive technology stocks, the Dow Jones, posted the biggest declines, notably followed by Intel, Salesforce, Apple, Cisco, and Microsoft. The Dow Jones index increased by 0.10% to 34,429 points, and the Nasdaq index decreased by 0.18% to 11,461 points.
