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Morning meeting AOF France / Europe – Towards an opening under the sign of caution, PMIs on the menu

(AOF) – European equity markets should start to fall again on Tuesday at the opening. The climate remains full of worries about rising inflation, monetary tightening by the major central banks, supply problems and the war in Ukraine. In terms of statistics, the publication of the S&P Global PMI indices will be an opportunity to take the pulse of European economies. In terms of values, Air France-KLM will be one to watch. The group launched a capital increase of more than 2 billion euros.

The values ​​to follow today

Air France-KLM

Air France-KLM announced on Tuesday the launch of a capital increase to raise a gross amount of 2.256 billion euros. The Franco-Dutch carrier wants to continue to strengthen its balance sheet and accelerate the reimbursement of state aid. The French and Dutch States intend to participate in the operation in order to maintain their current participation. At the same time, CMA CGM has undertaken to subscribe to the operation for a maximum amount of 400 million euros within the limit of a maximum of 9% of the capital.

TF1

iZen, subsidiary of Newen Studios in Spain, launches production company CAPA Spain with Emmy and Peabody award winner Tomás Ocaña. Capa Spain will develop international documentaries in Spain and in the Hispanic market. Tomás Ocaña is an internationally renowned director, executive producer and investigative journalist.

Visiativ

Visiativ has announced the acquisition of the German company MB CAD GmbH, a historical and independent distributor and integrator of SolidWorks and 3DExperience software, based in the south of Germany, in Bavaria. This acquisition, which consolidates the international development of Visiativ (27% of activity outside France in 2021) already present in Germany through its Consulting activity, allows the group to provide its Software activities with a leading position across the Rhine for to conquer the market of German industrial SMEs and ETIs.

genOway

genOway announced the decision of the Board of Directors to propose the appointment of Olivier Charmeil, Executive Vice-President of Sanofi, as a new independent director. This appointment will be submitted to the vote of the General Meeting of Shareholders on June 28, 2022. A graduate of HEC (École des Hautes Etudes Commerciales) and the Institut d’Etudes Politiques (IEP) in Paris, Olivier Charmeil currently oversees the entity General Medicine within the Sanofi group.

Macroeconomic figures

8:45 a.m. in France

Business climate in industry in May

9:15 a.m. in France

PMI for manufacturing and services sectors in May

9:30 a.m. in Germany

PMI for manufacturing and services sectors in May

10:00 a.m. in the euro zone

PMI for manufacturing and services sectors in May

3:45 p.m. in the United States

PMI for manufacturing and services sectors in May

4:00 p.m. in the United States

New Home Sales in April

Around 8:20 a.m., the euro yields 0.18% to 1.0674 dollars.

Yesterday in Paris

After a volatile session, European stock markets started the week in positive territory. The indices were supported by the gradual deconfinement in Shanghai, the unexpected improvement in the business climate in Germany, but also the new support measures announced by China for its economy and the desire of the American president to reduce customs duties. on Chinese products. At the sound of the bell, the CAC 40 gained 1.17% to 6,358.74 points and the EuroStoxx 50, +1.06% to 3,695.67 points.

Yesterday on Wall Street

After a long series of weekly declines, Wall Street rebounded on Monday. The cheap takeovers were motivated by the prospect of lower US customs duties vis-à-vis China. In the current geopolitical and economic context, an easing of the trade war between the two superpowers would be good news. Another good point, China announced new measures to support its economy. In the end, the Dow Jones gained 1.98% to 31,880.24 points and the Nasdaq Composite, +1.59% to 11,535.28 points.

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