(CercleFinance.com) – The Paris stock market significantly increased its growth at the end of the morning and fluctuated at a high level (+ 1.3% to 6620), in particular, benefiting from the Danone surge (shares rose by almost 8% after the announcement). its results) and the dynamism of bank shares: Crédit Agricole, Société Générale and BNP Paribas increased from 2.7 to 3%.
Euro-Stoxx50 grew by + 1.6% (over 3890) after ASML (1st European “capi”), which grew by + 7%.
Green prevailed after the first exchanges, the day after the day marked by good form on Wall Street: the rise continued this Wednesday with the Dow Jones by + 0.8%, S & P500 by +0.5% … but Nasdaq, even weighted Netflix (- 32% to $ 241) adds + 0.4% to + 2.15% the day before.
The positive closing of US stock markets shows that the risk appetite can manifest itself at any time, even if the session was marked by a new surge in long stakes.
In the United States, T-Bonds broke new annual records of 2.93% for ten-year stocks after “hawk” statements by James Bullard, president of the Fed of St. Louis.
The high-ranking official, who became one of the representatives of the Federal Reserve, really recommended a key rate of 3.50% by the end of 2022, which provides for a rate increase of 50 points following the next six meetings of the Fed.
In France, the OAT yesterday exceeded the threshold of 1.40%, unheard of since 2017, before settling slightly to 1.35%, US IGLBs fell by -2.5 points to 2.8900%.
This Wednesday, investors will pay attention to the publication of sales of old homes in the United States until the announcement of traditional oil stocks at the end of the day, and then to the publication of the Beige Book of the US Federal Reserve tonight at 20:00.
Still at the macroeconomic level, but this time in Europe speakers found the latest industrial output in the euro area (+ 0.7%) and then the trade balance for the euro area: it deteriorated to -9.4 billion euros in CVS in February ( after -E7.7 billion in January).
The deterioration compared to the previous month was reflected in seasonally adjusted euro area exports, which grew by 0.8% and imports by 1.5%.
The day will also be interrupted by new publications of results, starting with the performance of the American consumer goods giant Procter & Gamble, which is expected at noon.
In the news of French companies Danone (+ 7%) says a good start to the year, net sales in the first quarter amounted to 6.24 billion euros, which is 7.1% more in the data on similarity due to the price effect. + 4.9% and volume / mix effect + 2.2% (+ 10.2% according to published data).
L’Oréal published last night the turnover of the group as of March 31, 2022 in the published data of 9.06 billion euros, or + 19.0%. According to similar principles (ie identical structure and exchange rates), revenue growth was + 13.5%. The group says it remains optimistic about the prospects of the beauty market and confident in its ability to “surpass” the market.
Finally, for the first half of 2021-2022 (end of March), Manutan recorded revenue growth of + 9.6% at constant exchange rates and days without scale, reaching a record of 439.7 million euros.
Until the end of the year, the group will continue to implement its development strategy, while maintaining its medium-term investment plan. He notes that he remains “active in finding opportunities for external growth.”