Tuesday, May 24, 2022
Home Business Mid-session analysis AOF France/Europe – European stock markets are recovering

Mid-session analysis AOF France/Europe – European stock markets are recovering

(AOF) – After four consecutive sessions of decline, European stock markets are recovering on Tuesday. The indices are benefiting from a wave of cheap takeovers and the unexpected improvement in investor sentiment in Germany. However, the general climate remains heavy with concerns, between galloping inflation, monetary tightening by the Fed, but also war in Ukraine and confinements in China. Around noon, the CAC 40 gained 0.77% to 6,133.13 points and the EuroStoxx 50 climbed 1.45% to 3,578.09 points.

Bayer published solid quarterly results thanks to strong demand for its seeds and pesticides in a context of soaring agricultural prices. The title of the German chemical and pharmaceutical giant, however, only gained 0.72% to 59.14 euros. Analysts regret that the Leverkusen group did not raise its annual targets in the wake of this publication. Over the first three months of the year, Bayer’s EBITDA reached 5.25 billion euros, up 27.5%. The consensus gave it at 4.65 billion.

trigano won the biggest rise in the SBF 120 on Tuesday, thanks to a jump of 5.20% to 121.40 euros. Investors welcome better than expected half-year results, thanks to price increases passed by the king of motorhomes. This makes it possible to relegate to the background the persistent tensions observed on the supply side of rolling bases.

Mobilize, a new brand of mobility and data services from Renault, intends to drive the transformation of Renault (+0.27% to 22.51 euros) in the new mobility value chain, and confirms its objective of representing 20% ​​of the group’s turnover in 2030. Mobilize, excluding Mobilize Financial Services, intends to reach a double-digit profitability of each of its activities by 2027, with an operating margin target of breakeven in 2025. In addition, the Chinese Geely Auto and Renault have concluded an agreement according to which Geely Auto will underwrite 34.02% Renault Korea Motors (RKM) shares through a capital increase mechanism.

The macroeconomic figures of the day

The index Zewwhich measures the sentiment of German investors on the economic outlook, came out at -34.3 in May 2022, against a consensus of -42 and after -41 in April 2022.

Around noon, the euro fell 0.21% to 1.0536 dollars.

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