(AOF) – Up at the opening, European equity markets spent most of the session in the red. Investors remain concerned about the new wave of Covid affecting Europe. They worry about the threat of further restrictions or even lockdowns. After Austria, Slovakia has thus decreed a confinement of 15 days. After an attempt to return to the green, the CAC 40 ended down 0.03% to 7042.23 points. The EuroStoxx50 for its part fell 0.06% to 4,281.46 points.
Things are progressing on the Europcar file (+ 0.12% to 0.514 euros), which should soon join the fold of Volkswagen (-2.59% to 271 euros), 15 years after having left it. The Autorité des marchés financiers (AMF) has given the green light for the takeover of the French vehicle rental specialist by a consortium led by the German car manufacturer. An offer was filed with the AMF last September, at a price of 0.50 euros per share. For this transaction, Volkswagen joined forces with Attestor Limited and Pon Holdings BV.
After a session in the green, Elior sold 0.08% to 6.065 euros per share Wednesday, after having yet published encouraging prospects at the same time as annual results without surprise. For the 2021-2022 financial year, the catering group indeed anticipates organic growth of at least 18% and an adjusted EBITDA margin of between 2% and 2.5%, with capex limited to around 2, 5% of income. LCM Midcap analysts were not asking for much, as they expected growth of 12% and a margin of 1.2%.
Almost a month and a half after the OVHcloud IPO, analysts are giving their opinion on the European cloud specialist. On the stock market, the OVHcloud share gained 2.50% to 20.50 euros even as technology stocks are under pressure. It had been listed on the stock market on November 24 at 18.50 euros. Of the 5 analyst notes in our possession, 3 show a favorable recommendation.
Today’s macroeconomic figures
In November 2021, the business climate improved again in France, said INSEE. The indicator which synthesizes it, calculated from the answers of the heads of companies of the principal sectors of merchant activity, gained two points. At 114, it is above its already very high June level. It therefore remains well above its value before the health crisis (106) and all the more so over its long-term average (100).
The Ifo business climate index in Germany continued to deteriorate in November, falling to 96.5 from 97.7 in October. It was expected at 96.6, according to the Reuters consensus.
In the United States, 199,000 weekly jobless claims were recorded during the week of November 20, against a Reuters consensus of 260,000 and after 270,000 the previous week (revised figure of 268,000).
In the United States, durable goods orders fell 0.5% in October 2021. The Briefing.com consensus forecast an increase of 0.2% after -0.4% in September.
According to a second estimate, the United States recorded GDP growth of 2.1% at an annualized rate in the third quarter of 2021, against + 2% in the first estimate and a Reuters consensus of + 2.2%.
In the United States, wholesale inventories rose 2.2% in October 2021, after increasing 1.4% in September (revised figure of + 1.1%).
In the United States, the trade balance deficit stood at -82.9 billion dollars in October 2021, against -97 billion dollars in September (revised figure of -96.3 billion).
In the United States, the income of American households rose 0.5% in October 2021 over one month, and their expenses increased by 1.3%. These indicators were expected respectively up 0.2% and 1% by the Briefing.com consensus. In September 2021, the incomes of American households had fallen by 1% while their expenses had increased by + 0.6%.
The PCE price index, the Fed’s preferred measure of inflation, rose 0.6% in October 2021 on a month-to-month basis, compared to + 0.4% (revised figure of + 0.3%) in the month precedent and Briefing.com consensus of + 0.6%. Excluding the volatile elements of energy and food (“core” data), the index increased by 0.4% over one month, against + 0.2% in September and a consensus of 0.4% .
In the United States, new home sales amounted to 745,000 in October 2021 on an annual basis, compared with 742,000 in September (revised figure of 800,000) and a Briefing.com consensus of 800,000.
In the United States, the University of Michigan consumer confidence index stood at 67.4 in November 2021, according to a final estimate. The previous estimate was 66.8. In October, the index stood at 71.7.
At the close, the euro lost 0.48% to 1.1195 dollars.
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