(AOF) – The rise in European equity markets continues. The stock markets have been moving up and down for several weeks, between inflationary pressures, fears of a tightening of the Fed’s monetary policy and the impact of inflation on the performance of companies. Regarding the Federal Reserve, its minutes confirmed last night that it was planning to reduce its measures to support the economy next month. Concerning companies, Publicis reassured by raising, again, its objectives. Around noon, the CAC 40 gained 0.84% to 6,653 points and the Euro Stoxx 50, 1.1% to 4,128 pts.
Publicis largely dominates the CAC 40 Thursday, thanks to a jump of 3.4% to 58.88 euros per share. The advertising and communications giant benefits from its excellent quarterly publication, which has positively surprised analysts, both in terms of activity and its outlook, once again raised. The group located on the Champs Élysées thus reported a turnover of 2.621 billion euros in the third quarter of 2021, i.e. a growth of 11.9% (+ 11.2% organically), while the consensus was forecasting 2.49 billion (+ 9.5% organically).
GL Events is on the podium of the largest increases in the SRD Thursday, with a jump of 8.3% to 17.18 euros, the day after an encouraging quarterly activity point. Indeed, the gradual recovery is confirmed for the event specialist, which published a turnover in the third quarter of 228 million euros. This represents a doubling of activity compared to the second quarter of 2021 and an increase of 126.9% over one year. And this despite the constraints that still weigh on South America and on international operations in all areas.
Today’s macroeconomic figures
Weekly jobless claims and producer prices for September are expected in the United States at 2:30 p.m.
Around noon, the euro gained 0.16% to 1.1616 dollars.
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