Morning meeting AOF France / Europe – Rise in sight, investors are reassured

Morning meeting AOF France / Europe – Rise in sight, investors are reassured
Morning meeting AOF France / Europe – Rise in sight, investors are reassured

(AOF) – European equity markets are expected to rise at the opening. Investors are reassured by inflation in the United States. It progressed in May, but does indeed seem fleeting, as the Fed has been claiming for several weeks. Likewise, they welcomed the communication from the ECB which raised its economic outlook while leaving its asset buyback strategy unchanged to leave room for maneuver in the event of a slowdown in the recovery beyond the summer. . As for statistics, the American consumer confidence index is expected at 4 p.m.

Technical analysis of the CAC 40

From the point of view of graphic analysis, the DayByDay design office observes a candle with a black body, with a new low wick. Buyers were under attack and failed to hold today’s highs. The uptrend, in place since May 19 and major support at 6,151 points, is starting to slow down: it seems to be running out of fuel. Intermediate consolidation is possible around 6,448.5 points before a bullish restart.

The values ​​to follow today

IPSEN

Ipsen announced the results of a new analysis of data from two databases to assess in real life current treatment models for adults with spasticity. The analysis focused on patients who were treated with botulinum toxin type A (BoNT-A) 1. The abstract, Analysis of US Commercial Claims to Understand Patient Treatment Pathways in Spasticity, will be presented at the International Society of Physical and Rehabilitation Medicine (ISPRM) 2021, which takes place virtually from June 12 to 15, 2021.

ARGAN

Argan, the property company specializing in the development and rental of premium warehouses, has announced the delivery of a new 22,000 m² logistics platform in Escrennes, a town located a few kilometers north of Orléans. The site is fully leased by FDG Group, leader in the non-food retail market with around fifteen product ranges covering textiles, haberdashery, hygiene-beauty, bazaar and toys.

DERICHEBOURG

Derichebourg today announced the success of its offer of a total principal amount of 300 million euros of senior green bonds due 2028. The Bonds will bear interest at an annual rate of 2.25% and will be issued at 100% of their face value. This is Derichebourg’s inaugural green bond issue, carried out under its new green bond framework. The Bonds were largely oversubscribed.

MOULINVEST

Moulinvest, specializing in eco-construction, wood energy and wood impregnation, announced half-year consolidated turnover (period from September 1, 2020 to February 28, 2021) of 42.3 million euros, in growth of 29.8% over one year. All the business divisions are growing: + 58.1% to 18.8 million euros for the activity of the Wood Construction division; + 13.8% The Wood Energy business (including + 17.7% for granulation); and + 18.1% for the Impregnation activity.

Macroeconomic figures

In the United States, the household confidence index from the University of Michigan in June is expected at 4 p.m.

Around 8:30 am, the euro gained 0.11% to $ 1.2190.

Yesterday in Paris

European equity markets ended slightly lower against a backdrop of volatility in the interest rate market. While the ECB did not have any surprises in store, US inflation came out above expectations in May. If this statistic caused a spike in interest rates, the yield on the 10-year American dollar quickly fell below 1.50%. The Parisian market bent under the influence of profit taking affecting the stocks most exposed to the reopening of the country. The CAC 40 closed down 0.26% to 6,546.49 points while the EuroStoxx 50 grabbed 0.02% to 4,097.52 points.

Yesterday on Wall Street

Wall Street closed in the green despite the more marked acceleration than expected in inflation in May (+ 5%). Investors seem reassured by the main drivers of this increase, such as airline tickets and used cars, which are enjoying a clear base effect. As proof, the yield of the US Treasury bond hardly reacted. At the same time, jobless claims fell again last week, albeit less sharply than expected. The Dow Jones gained 0.06% to 34,466.24 points. The Nasdaq rose 0.78% to 14,020.33 points.

 
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