Mid-Session Analysis AOF France / Europe - Well-launched markets keep an eye on the other side of the Atlantic

Mid-Session Analysis AOF France / Europe – Well-launched markets keep an eye on the other side of the Atlantic

(AOF) – European markets are well-oriented at the start of the week when investors are particularly concerned about US inflation and the way the Fed will consider it to determine its monetary policy. With results season fast approaching, Veolia and Faurecia are doing well, unlike Sanofi and Ubisoft. The CAC 40 rose 0.83% to 6526.12 points, and the EuroStoxx 50, which rose 0.63%, rose to 3,748.89 points.

in Europe, Siemens Energy It lost 2.48% to €16.13 (Xetra market) after announcing a larger-than-expected net loss in 2022. Reason: a cost of about €200 million related to the restructuring of its activities in Russia. The company, which maintains turbines at the Portovaya compressor station on Nord Stream 1, said its annual net loss will exceed that of 2021, which was €560 million, due to this load presented as an exceptional component.

In Paris, veolia It gained 1.63% to €24.38, marking one of the strongest increases in the Paris index. The Environmental Services Group has announced the signing of a unilateral purchase agreement under which Macquarie Asset Management irrevocably pledges to acquire 100% of the share capital of Suez Recycling and Recovery UK Group Holdings Ltd, which brings together the waste activities of Suez in the UK.

Auto supplier address foresia (+ 4.03% to 17.16%) the group leads in the SBF 120 index. The new entity Forvia, which was created at the beginning of the year from the merger between Faurecia and the German group Hella, recently announced that it had obtained a loan of 315 million euros, with a maturity of 7 years, from European Investment Bank (EIB). This loan is part of the partial financing program “for our investments in hydrogen and as part of the diversification of our investor base,” the industrial expert said in a press release.

Today’s Macroeconomic Figures

The Sentix index, which measures investor confidence in the euro zone, came in at -25.2 versus a consensus of -24.7 after -26.4 in July.

Halfway through the session, the euro rose 0.02% to $1.0186.

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