(AOF) – The rebound of European stock markets did not resist the tilting into the red of futures on American indices. Wall Street being closed tomorrow for Thanksgiving, many economic statistics are expected this afternoon: growth, household confidence, durable goods orders. As on Wall Street yesterday, technology stocks are under pressure due to the further rise in the yield of the 10-year US dollar. In Paris, Elior’s prospects are welcomed. Around 12 noon, the CAC 40 yields 0.54% to 7,006 points and the EuroStoxx50, 0.56% to 4,260 points.
Things are progressing on the Europcar file (-0.16% to 0.5122 euro), which should soon join the fold of Volkswagen (-13.09% to 269.60 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.
Elior wins an increase of 0.82% to 6.12 euros per share Wednesday, after having 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%.
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.
Of United States, weekly jobless claims, the second estimate of GDP in the third quarter and durable goods orders in October are expected at 2.30pm.
Sales of second-hand homes in October, the University of Michigan consumer confidence index in November, household income and consumption in October, but also the PCE price index in October will be known at 4 p.m. The Fed’s latest monetary policy update will be available at 8 p.m.
At mid-session, the euro lost 0.29% to $ 1.1217.
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