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Home Business Mid-session analysis AOF France / Europe – Investors see the glass half...

Mid-session analysis AOF France / Europe – Investors see the glass half full

(AOF) – European markets are well oriented in the wake of the positive closings of Asian markets. Investors are reassured by the drop in Covid-19 cases in China. Futures on US indices are also in the green. However, the markets will remain very attentive to news likely to shed light on the health of the global economy. Retail sales in the United States for April and the statements of Christine Lagarde, but especially Jerome Powell are eagerly awaited. Around noon, the CAC 40 gained 1.47% to 6441 points.

Engie is taking full advantage of the current crisis. The energy company, which buys, but also sells, most of its gas on the market, has largely limited the impact of soaring energy prices thanks to hedging contracts. The group has also reduced its direct exposure to Russian gas. In this respect, Engie has reached an agreement with its Russian supplier Gazprom to pay for its purchases while respecting European sanctions without exposing itself to the volatility of the Russian currency, the Kremlin forcing companies to pay in rubles. In Paris, the title jumped 5.9% to 12.3 euros.

Aramis Group rose 2.23% to 5.73 euros on the Paris market, after confirming its annual targets. For its financial year which will end at the end of September 2022, the specialist in the online sale of used cars is still aiming for a total turnover of more than 1.7 billion euros, growth in B2C volumes sold of vehicles over +45%, and a positive adjusted Ebitda.

The macroeconomic figures of the day

In France, the unemployment rate fell by 0.1 point in the first quarter to reach 7.3%, its lowest level since 2008, after falling by 0.6 point the previous quarter. “The Ukrainian crisis and the rise in rates, however, risk breaking this dynamic”, however, believes Guillaume Moukala, economist at Asterès.

The number of people in employment increased by 0.5% in the euro zone and by 0.4% in the European Union in the first quarter of 2022 compared to the previous quarter, according to the estimate published by Eurostat, the office European Union statistics. In the fourth quarter of 2021, employment had increased by 0.4% in the euro area and in the EU.

During the first quarter of 2022, seasonally adjusted GDP increased by 0.3% in the euro area and by 0.4% in the European Union compared to the previous quarter, according to the estimate published by Eurostat, l statistical office of the European Union. The consensus expected the first estimate to be maintained at +0.2% for the euro zone. In the fourth quarter of 2021, GDP had increased by 0.3% in the euro area and by 0.5% in the EU.

In the United States, retail sales in April will be published at 2:30 p.m., industrial production and production capacity utilization rate in April at 3:15 p.m.

the NAHB index of homebuilder confidence in May and business stocks in March at 4 p.m.

Around 12:00 p.m., the euro gained 0.34% to 1.0472 dollars.

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