Morning meeting AOF France / Europe – The Fed reassures on the timing of the rate hike

(AOF) – European equity markets are expected to rise slightly in the wake of Wall Street and the majority of Asian markets. Investors are reassured by comments from San Francisco Fed President Mary Daly that the central bank will study the impact of the likely first rate hike in March before continuing its tightening cycle over the next few months. . Still on the macroeconomic chapter, the markets will react to the PMI manufacturing indices for January in Europe and the United States as well as to the services ISM for the same month.

The values ​​to follow today

Veolia

Following the success of the public tender offer for Suez shares, Veolia completed the sale to the consortium of investors made up of Meridiam – GIP – CDC and CNP Assurances of the new Suez in accordance with the terms of the acquisition contract as of October 22, 2021, and for an unchanged enterprise value. This new Suez includes the Water and Recycling and Recovery France activities of Suez, international assets in Italy, Central Europe, Africa including Morocco, Central Asia, India, China and Australia, as well as global digital and environmental activities.

Elis

Elis published 2021 revenue of 3.048 billion euros for the 2021 financial year, up 8.6%, of which +7.4% organically. In the fourth quarter alone, the janitorial services group experienced organic growth of 17.1%. Revenue generated in Health, Industry and Retail & Services represented nearly 85% of total 2021 revenue over the financial year and activity for the year in these 3 markets is approximately higher 5% from the 2019 level, Elis said.

Faurecia

The resumption of trading will take place this Tuesday for Faurecia. Thirty minutes before the Paris Stock Exchange closed on Monday, Faurecia announced the completion of the acquisition of a majority stake in Hella. Faurecia thus acquired a total of approximately 79.5% of the shares of the German equipment manufacturer, including 60% of the shares of Hella from the pool of family shareholders, paid for approximately 52.1% in cash and for approximately 7.9 % in newly issued Faurecia shares; and 19.5% as part of the settlement of the public tender offer ended on November 11th.

Solutions 30

Solutions 30 announced the 100% acquisition of Sirtel Sp. z oo, a specialist in services dedicated to mobile networks in Poland. The specialist in solutions for new technologies thus confirms “its ambitions on the Polish market, by strengthening its territorial coverage and its portfolio of customers in the field of mobile telecommunications networks”.

Macroeconomic figures

In France, inflation for the month of January is expected at 8:45 am. The final version of the January PMI for the manufacturing sector will be published for France at 9:50 a.m., for Germany at 9:55 a.m. and for the euro zone at 10 a.m. The unemployment rate for the euro zone for the month of December will be unveiled at 11 a.m.

In the United States, the purchasing managers’ index for the manufacturing sector in January is due at 3:45 p.m. Investors will finally react at 4 p.m. to construction spending in December and the Purchasing Managers’ Index (ISM) for the manufacturing sector in January.

Around 8:30 a.m., the euro gained 0.1% to 1.1243 dollars.

Yesterday in Paris

European stock markets ended a chaotic January on a positive note. Despite everything, it is difficult to hide the fear of a normalization of monetary policies, especially since the meetings of the ECB and the Bank of England at the end of the week should confirm this trend. Trend accentuated by preliminary inflation in Germany, higher than expected, pending that of the euro zone scheduled for Wednesday. Thus, at the close, the CAC 40 gained 0.48% to 6,999.20 points and the Euro Stoxx 50, 0.57% to 4,160.49 points.

Yesterday on Wall Street

US equity markets rebounded, driven by technology stocks. They benefited from cheap takeovers after a very complicated month. These stocks, as well as growth stocks, were penalized by the prospect of a rate hike by the Fed in March. The only statistic of the day, the Chicago area purchasing managers index, surprised positively. Merger Monday obliges, Citrix announced its takeover for 16.5 billion dollars. The Dow Jones gained 1.17% to 35,131.86 points. The Nasdaq rebounded 3.41% to 14,239.88 points.



Reference-www.capital.fr

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