AOF France / Europe Closing Analysis – Rapid Return of Risk Hatred

AOF France / Europe Closing Analysis - Rapid Return of Risk Hatred

(AOF) – Rise in equity markets. After the meeting between the Ukrainian Foreign Minister and the Russian Foreign Minister, the hopes of calming down subsided. The Ukrainian minister regretted the lack of progress in the ceasefire agreement in his country. In this context, the announcement of a new acceleration in US inflation to + 7.9% a year in February and the ECB accelerating the normalization of its monetary policy. The CAC 40, which had gained more than 7 per cent yesterday, fell 2.83 per cent to 6,207.2 points.

In terms of European values, Hugo Boss fell 7.6% to 43.9 euros after publishing annual results in line with expectations and alert forecasts. By 2022, the fashion group predicts sales growth of 10% to 15%, representing a turnover of 3.1 to 3.2 billion. “Thanks to the comparative basis, this forecast looks cautious as sales are expected to grow by 50% in the first quarter,” Jefferies said. The broker is targeting a turnover of 3.254 billion, an increase of 17%, and the consensus expects 3.203 billion.

In Paris, Vivandi rose 1.47 percent to 11.42 euros. Media giants last night posted a remarkable net profit of 24.69 billion euros for the 2021 financial year, up 17.2 times in one year. It clearly benefited from UMG’s deconsolidation, contributing to a capital gain of .8 24.8 billion. It also recorded a net charge of 827 million euros, including the devaluation of Telecom Italia shares.

The Masons du Monte fell 3.3% to 17.58 euros, despite the fact that a publication was firmly in line with expectations. The furniture brand is back on track in 2021, with a net profit of .1 79.1 million, up from a Pro Forma loss of .1 16.1 million a year ago. Midcap Partners Analysts expects 71.1 million. Net income from continuous operations increased by 58% to 68 million.

See also  China postpones ant's IPO after talks with Jack Ma - TechCrunch

Macroeconomic figures of the day

Based on the updated valuation, the ECB’s Governing Council today revised the timing of purchases for the coming month under its Asset Purchase Program (APP) in light of the uncertain atmosphere. Monthly net purchases under the PPA will reach 40 40 billion in April, 30 30 billion in May and 20 20 billion in June. That, too, does not change its rates.

As of the week of March 5, 2022, there were 227,000 new job seekers in the United States. This is higher than the 217,000 expected by economists, up from 216,000 last week (updated figures).

Inflation in the United States rose to 7.9% year-on-year in February, in line with the consensus. It was 7.5 per cent in January. “Core” inflation, which is adjusted for the most volatile factors (energy, food, etc.) and serves as the federation’s benchmark, rose to 6.4% in January from 6%, again in line with expectations.

At around 5:30, the euro lost 0.58% to $ 1.1010.

Written By
More from Jake Pearson
Leave a comment

Your email address will not be published.