(AOF) – European equity markets are expected to be close to equilibrium at the opening. In terms of the economy, French growth came out at 7% in 2021, its strongest growth since 1969. However, GDP remains 1.6% below its 2019 level. Investors should remain nervous. They seek to assess the consequences of the announced tightening of the Fed’s monetary policy on risky assets. On the values ​​front, luxury should be surrounded after the announcement by LVMH, the world number one in the sector, of record 2021 results.

The values ​​to follow today

Latécoère

Latécoère generated revenue of €379.8 million in 2021, down 24.1% at constant scope and exchange rates and 8.1% based on published data. Organic and reported growth is slightly higher than the objective communicated when the half-year results were published in September 2021, despite the shutdown of the Boeing 787 assembly line. The year 2021 was impacted throughout duration by the Covid-19 crisis, after a year 2020 affected from the second quarter.

Alten

Alten experienced a clear rebound in its activity in 2021. Turnover reached 2.93 billion euros, up 25.4%, of which 13.7% in France and 32.9% abroad. International. This strong growth was achieved approximately half through acquisitions and half through sustained organic growth. At constant scope and exchange rates, growth was 12.9% (+8.4% in France and +15.7% outside France). At constant data, business grew by 23.2% (17.7% in France and 26.6% internationally) in the fourth quarter.

JCDecaux

JCDecaux published 2021 revenue of $2.74 billion, up 18.7% year-on-year (+18.5% organic). In the fourth quarter alone, the specialist in outdoor communication and street furniture generated 955.8 million euros in revenue, up 37.5% (+34.7% organically). The Street Furniture division (approximately 52% of activity) experienced growth of 27.3%, including +37.8% in the last quarter. Transport grew by 8.2% (+42.8% in Q4) and Billboard by 15.4% (+26% in Q4).

LVMH

LVMH set new records in 2021. Thus, the luxury group published a net profit (group share) of 12.04 billion euros last year, an increase of 156% compared to 2020 and 68% compared to 2019. For its part, current operating income amounted to 17.15 billion euros, i.e. more than double that of 2020 and up 49% compared to 2019. The current operating margin was 26.7%, up 8 points compared to 2020 and 5 points compared to 2019.

Macroeconomic figures

The fourth quarter GDP in Germany is due at 10 a.m. The eurozone economic sentiment index for January is scheduled for 11am.

In the United States, household income and consumption in December as well as the PCE price index for the same month are expected at 2:30 p.m. The final estimate of the University of Michigan’s Consumer Confidence Index for January will be revealed at 4 p.m.

Around 8:30 a.m., the euro lost 0.1% to 1.1135 dollars.

Yesterday in Paris

European equity markets closed higher in the wake of the positive direction on Wall Street. Investors took note of the Fed’s radical change in tone. Priority is now given to inflation. The rate hike is therefore expected in March. Moreover, the markets reacted well to the impressive acceleration of US growth in the last quarter. Finally, the burst of earnings releases of the day was of good quality, both in the United States and in Europe. The CAC 40 gained 0.38% to 7,023.8 points. The EuroStoxx 50 rose 0.11% to 4,169.29 points.

Yesterday on Wall Street

US equity markets closed lower after a good half of the session. Investor nervousness is tied to the Fed’s drastic change in tone and its uncertain impact on risky assets. Priority is now given to inflation with a rate hike expected in March. The acceleration of US growth in the last quarter and the flurry of publications of company results generally above expectations did not reassure operators. The Dow Jones fell 0.02% to 34,160.78 points. The Nasdaq fell 0.4% to 13,352.78 pts.

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