Morning Meeting AOF France / Europe – Seeing Recession Before PMIs – 06/23/2022 at 07:49

(AOF) – European fairness markets are anticipated to fall as Wall Street opens. Asian locations have come to an finish in disarray. Yesterday, Jerome Powell confirmed his need to regulate inflation and felt that the US financial system was robust sufficient to resist the speed hike. An evaluation confirmed by fairness, charge and oil depreciation that doesn’t seem to have been shared by traders. Markets will reply to the discharge of a salo of indicators and specifically the provisional outcomes of the Performance Survey of Purchasing Managers.

Follow the values ​​in the present day


Bluelinea has introduced a capital enhance of 1 7.1 million with a desire for shareholder preferential subscription rights (DPS). This capital enhance might be used to strengthen the monetary construction of the corporate, particularly by means of the reimbursement of all monetary debt, which consists virtually fully of PGE, amounting to three.992 million as of December 31, 2021, and a money enhance to cowl. Working capital necessities related to enterprise development (+ 51% within the 1st quarter of 2022).

Jharna Pajot

Fountain Pazot has introduced its accounts for the primary half of 2021/22. Net earnings, the group’s shares rose sharply to five.655 million euros from 536,000 euros a yr earlier. Exceptional objects with out money impact affected web revenue group shares within the first half of 2020/21. Gross working surplus stood at 12.9 million euros, up from 13.2 million euros a yr earlier, “affected by inflationary pressures on uncooked supplies and provide difficulties”.


Capgemini has introduced the appointment of Stephen Elsesser as Chief Transformation Officer and member of the Executive Group Executive Committee from July 1, 2022. In this position, he might be answerable for designing and implementing among the group’s key transformation applications. Stephen Elcesar will report back to Capgemini CEO Ayman Izzat.

INEA property

Foncière INEA has introduced the success of elevating its capital for a complete of 107.3 million euros. This will permit the actual property group to fund its development by financing new investments aimed at attaining the objectives introduced by the tip of 2021, a portfolio price 2 billion euros by the tip of 2026. “This capital enhance is the historical past of the world’s largest group,” underlined CEO Philip Rossio.

Macroeconomic statistics

In France, enterprise climate is predicted at 8:45 a.m. in June.

In June, the Manufacturing and Services Purchasing Managers’ Index was set at 9.15am for France, 9.30am for Germany and 10am for the Eurozone.

In the United States, weekly unemployment claims might be revealed at 2:30 p.m. The PMI for the manufacturing and companies sectors might be introduced in June at 3:45 pm.

At 7:45 a.m., the euro rose 0.02% to 0 1.0569.

Yesterday in Paris

European markets ended decrease, however lowered their losses from the lows of the day. The day obtained off to a nasty begin as extra economists anticipate a recession as tighter financial coverage aimed at curbing inflation. The excellent news got here from the United States within the type of Jerome Powell’s listening to earlier than Congress, which got here as no disagreeable shock. The CAC 40 index misplaced 0.81% to five,916.63 factors and the EuroStoxx50 misplaced 0.77% to shut at 3,467.21 factors.

Yesterday on Wall Street

Wall Street lastly ended a tumultuous session on account of Jerome Powell’s congressional listening to. In the bond market, the response is spectacular. The yield of 10 US, sustaining stability until then, breaks down. It is down about 13 foundation factors at 3.156%. Technology and development shares, that are extra charge delicate, reply nicely. The Fed chairman has considerably reassured that the tempo of charge hikes will rely on the financial outlook. The Dow Jones and Nasdaq fell 0.15% to 30,483.13 factors and 11,053.08 factors, respectively.


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