(AOF) – European markets retreated as the start of the US earnings season approached. Market sentiment is dominated by lingering concerns about inflation. Wholesale prices in Germany thus jumped 13.2% in September on an annual basis, its largest increase since 1974. In Paris, the energy sector benefited from the investment plan of 30 billion euros over five years unveiled by Emmanuel Macron. The CAC 40 index lost 0.34% to 6,548.11 points while the EuroStoxx50 lost 0.43% to 4,055.06 points.

It is again a heavy annual loss that easyJet should accuse. For its fiscal year 2021, which ended at the end of September, the low-cost company expects a pre-tax loss of between 1.135 and 1.175 billion pounds (between 1.34 and 1.39 billion euros). These accounts in the red are of course the result of the limits imposed on the movement of travelers due to the Covid-19 crisis. In London, the action fell 3.60% to 624.70 pence.

A little over a year after the announcement of the merger of its two retail banks Crédit du Nord and Société Générale, the Banque de la Défense has quantified the impact of this merger in terms of jobs: 3,700 net cuts of posts. On the stock market, Societe Generale shares lost 0.18% to 28.29 euros; the banking sector evolving in the red. Today, it filed with its social partners a comprehensive file specifying the model and detailed organization of its new retail banking in France.

In a gloomy Parisian place, cyclical stocks have shown the strongest declines in the CAC 40. Airbus is no exception with a drop of 0.51% to 113.24 euros per share. The aircraft manufacturer did not have any bad surprises with the delivery of 40 commercial planes last month to 25 customers and the winning of an order. If these figures are low, Deutsche Bank notes that they come out in line with expectations. For the broker, these figures have no impact on the group’s ability to reach its target of around 600 aircraft deliveries this year.

Today’s macroeconomic figures

The ZEW index of German investor sentiment on the economic outlook stood at 22.3 in October, compared with a consensus of 24 and 26.5 in September.

At the close, the euro lost 0.11% to 1.1543 dollars.


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