European equity markets are expected to rise timidly at the opening. Investors will be attentive to the final results of the purchasing managers’ activity surveys for the month of May. They will also monitor the first estimate of inflation in the euro zone for April in a context of rising long rates on the Old Continent. In terms of values, Atos acquired Ipsotek, an English specialist in artificial intelligence. Above all, AB Science is in danger of being abused after the voluntary termination of clinical studies of masitinib worldwide.
Technical analysis of the CAC 40
From the point of view of graphic analysis, the DayByDay design office observes a small black candle with a high wick, produced in volumes reduced to 2 billion euros due to the English and American public holiday. The uptrend pauses around resistance at 6,460 points. The momentum can resume at any time towards the resistance of 2000 to 6590 points.
The values to follow today
AB Science has made the decision to stop the inclusion of new patients as well as the initiation of treatment in its clinical studies worldwide with masitinib. This decision follows discussions with the French regulatory authorities (ANSM) and other regulatory agencies. This decision concerns phase 3 in mastocytosis (AB15003), phase 3 in amyotrophic lateral sclerosis (AB19001) and phase 2 in Covid (AB20001).
AXA has announced that it has finalized the sale of its life, savings and non-life businesses in Greece to Generali, for a total cash amount of 167 million euros. This transaction is part of the insurer’s simplification strategy.
During the Combined General Meeting of Faurecia, all of the resolutions presented were adopted, in particular the payment of a dividend of 1 euro gross per share, payable in cash. The coupon will be detached on June 3 and payment of the dividend will be made on June 7. It should be remembered that this general meeting is the first meeting of Faurecia shareholders since the significant expansion of its shareholder base, following the distribution by PSA / Stellantis to its shareholders of the stake hitherto held in Faurecia.
Saint-Gobain has announced that it has sold Saint-Gobain Glassolutions Objekt-Center, which specializes in glass processing operations for the Glassolutions network in Germany, to the private German group Aequita. This sale concerns the two sites of Döring Berlin and Radeburg, which employ a total of nearly 200 people and achieved a turnover of 20 million euros in 2020. Aequita had already acquired the activities of Glassolutions in the Netherlands in 2019.
The purchasing managers index for the manufacturing sector in May for France will be published at 9:50 a.m., for Germany at 9:55 a.m. and for the euro zone at 10 a.m. Germany’s May unemployment rate will be released at 9:55 a.m. May inflation and the eurozone’s April unemployment rate will be released at 11 a.m.
In the United States, the purchasing managers’ index for the manufacturing sector in May is due at 3:45 p.m. Construction spending in April and the ISM purchasing managers index for the manufacturing sector in May will be released at 4 p.m.
Around 8:20 a.m., the euro gave up 0.04% to $ 1.2224.
Yesterday in Paris
European equity markets ended slightly lower in low volumes. American and British investors have indeed benefited from a long weekend. Over the next few days, investors have several important economic meetings on both sides of the Atlantic, in particular the Purchasing Managers’ Indices (PMIs), Tuesday and Thursday, and – the culmination of the week – the US employment report in May. The CAC 40 lost 0.57% to 6,447.17 points. Only 2 billion euros were traded. The EuroStoxx50 fell 0.82% to 4,037.25 points.
Yesterday on Wall Street
Wall Street was closed for “Memorial Day”.