Mid-session analysis AOF France/Europe – Fragile rise on the markets of the Old Continent

(AOF) – European stock markets are timidly moving forward on Monday, to conclude a weak month of January for equities. Investors are benefiting from cheap buybacks after last week’s calamity, but are keeping their sights set on the ECB and Bank of England meetings at the end of the week, which should confirm a normalization of monetary policies. Publications of inflation in Germany this afternoon and that of the euro zone on Wednesday are also expected. At mid-session, the CAC 40 gained 0.17% to 6,977.79 pts and the Euro Stoxx 50, 0.55% to 4,159.50 pts.

Ryanair (-1.20% to 16.40 euros) published accounts in the red for the third quarter of its 2021-2022 financial year. Between October and December 2021, the Irish low-cost airline suffered a net loss of 96 million euros. However, this loss is lower than that expected by the consensus (-101 million euros). It is also significantly reduced compared to the net loss of 321 million euros recorded in the third quarter of 2020-2021.

Casino started the week on the wrong foot, ranking last in the SBF 120 with a fall of 9.5% to 20.58 euros per share, following its profit warning. The distributor brings in its wake its competitor, Carrefour, last of the CAC 40. Friday evening, in a brief press release, the Saint-Etienne group announced that it now expected a decline of 1.7%, to around 1.28 billion euros, of its Ebitda for retail brands in France. It previously expected growth from the 1.304 billion euros recorded in 2020.

The board of directors of Orpea (-1.9% to 41.08 euros) has decided to end the functions of general manager of Yves Le Masne. The board expressed its thanks to Yves Le Masne for the 28 years of his life, which he spent in the service of the group. The Board has appointed Philippe Charrier Chairman and Chief Executive Officer of the company with immediate effect.

The macroeconomic figures of the day

During the fourth quarter of 2021, seasonally adjusted GDP increased by 0.3% in the euro area compared to the previous quarter, according to the preliminary flash estimate published by Eurostat, the statistical office of the European Union. Economists were counting on such an increase of 0.3% after +2.3% in the third quarter. Over one year in the fourth quarter, GDP grew by 4.7%. Finally, in 2021, GDP increased by 5.2% in the euro zone.

In the United States, the index of purchasing managers for the Chicago region in January will be published at 2:30 p.m.

Around noon, the euro gained 0.21% to 1.1170 dollars.


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