(AOF) – European equity markets are up slightly after closing down yesterday. The context is intended to be both heavy and cautious before the announcements of the Fed, which is expected to proceed with a further sharp increase in its interest rates. On the geopolitical level, Vladimir Putin’s latest intervention in a belligerent tone on the conflict in Ukraine is not likely to encourage risk-taking. In terms of values, Thalès (+4.73%) stands out on the Parisian market. Around noon, the CAC 40 gained 0.22% to 5,992.64 points and the EuroStoxx50 0.03% to 3,468.26 points.
The title of the group Schneider-Electric fell 0.72% to 115.22 euros on the stock market, after having presented a firm offer to purchase the 41% stake in Aveva that it does not yet hold. The offer price presented is 3,100 pence per share in cash. This price represents a premium of approximately 41% to the closing price of 2,192 pence per Aveva share on August 23, 2022 (i.e. the last business day before the start of the offer period).
Unite will not be the Lehman Brothers of energy. To avoid a shock with undoubtedly major consequences for the European energy sector, Germany is nationalizing Uniper. On the stock market, the title of the former gas giant fell 18% to 3.43 euros. Uniper, weakened by the surge in gas prices since the start of the war, did not support the stoppage of gas deliveries from Russia via Nord Stream. The group imports Russian gas and resells it at a fixed price. Since the invasion, he has been forced to supply himself at the market price to then sell at a price that has become ridiculous.
In the first half of 2022, Latécoère, a company specializing in the subcontracting of aeronautical equipment, posted revenue up 18.8% at constant scope and exchange rates to 242.3 million euros, compared to 181.1 million in the first half 2021. But, in terms of net income, the manufacturer shows a loss of 27.3 million euros, against a loss of 56.6 million a year ago at the same time. Free cash flow from operations was -€75.5 million, compared with -€16.7 million a year earlier.
The macroeconomic figures of the day
No major publications are expected.
Around 12:00 p.m., the euro lost 0.41% to 0.9930 dollars.