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The Cac 40 reinvigorated by the surge in Chinese markets and the Wall Street meeting, Morning

After experiencing its worst session since April 6, the Paris Stock Exchange is expected to pick up color again on Tuesday, in the wake of the fragile rebound in Chinese markets and Wall Street, although the specter of a Beijing city confinement on sentiment continues to weigh. investors.

The CSI 300 of the main listed stocks Shanghai And shenzhen it recovered 0.9% before closing with a drop of 0.6% the day after a drop of nearly 5%. The market took note of the Banque Populaire’s decision to do so China reduce the compulsory foreign exchange rate of commercial banks by 100 basis points. The central bank is also committed to promoting a stable and healthy orientation of the financial markets.

Beijing massively tested

This decision is part of a policy of health restrictions that manifests itself in the confinement of several large cities to curb the expansion of infections from Covid-19, which could apply to the capital Beijing where the authorities are massively testing the population. This sword of Damocles is clouding the economic outlook and influencing market sentiment, as well as the more restrictive turn taken by the United States Federal Reservepreparing to raise interest rates by 50 basis points in May and June.

The three largest New York indices also rebounded at the end of Monday’s session, supported in particular by the acquisition of the social network Twitter of Elon Musk for $ 44 billion, as well as low-cost purchases of technology stocks in view of the quarterly publications of the big names in the sector. Alphabet and Microsoft will open the ball in the evening. Meta Platforms (formerly Facebook), Amazon and Apple will follow on Wednesday and Thursday respectively.

Orange confirms

The session will be animated not only by company publications, but also by a series of macroeconomic indicators from UNITED STATESand in particular durable goods orders for March, the Conference Board-rated consumer confidence index for April and new home sales for March.

Orange confirmed its aim for an increase in its adjusted gross operating margin (Ebitdaal) restated on a comparable basis in 2022, while this indicator has, as expected, increased faster than turnover in the first quarter. However, this is in line with expectations.

M6 announced quarterly results that were up but still below the pre-health crisis level. In the first quarter, consolidated turnover increased by 8.7% in one year, to 322.5 million euros. Advertising revenues grew by 5.3% in one year, to 252.2 million euros. The consolidated operating result of the group (Ebita) reached 67.2 million euros in the first three months of 2022, compared to 64.3 million euros in the first quarter of 2021.

Faurecia announced to postpone the capital increase due to deteriorating market conditions and to suspend the dividend payment for 2021. The automotive supplier also met Hella’s integrated financial targets for 2022 and posted organic sales growth in the first quarter.

Lagarde recorded a 44% growth in turnover to 1.3 billion euros in the first quarter. The group confirms its prospects for 2022.

Amid analyst notes, Bernstein raised his recommendation on intersection from “underperformance” to “inline performance”.


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