(AOF) – Markets should try to rebound slightly as the trend improved on Wall Street in the second half of the session. US index futures point to stability. The US markets being closed tomorrow for Thanksgiving, many economic statistics are expected this afternoon: growth, household confidence, durable goods orders. In Europe, Ifo will be one to watch. The threat of new restrictions in Europe due to Covid continues to loom, however.
The values to follow today
Elior suffered a net loss of 106 million euros in fiscal year 2020-2021, compared to a loss of 487 million euros for the previous fiscal year. Adjusted EBITDA stood at -64 million euros, a slight improvement, compared to -69 million euros last year, reflecting, according to the company, the strict control of its operating costs. Sales amounted to 3.69 billion euros, an organic contraction of 5.3%. Free cash flow is positive at 13 million euros compared to -15 million last year.
Eurobio Scientific has announced that it has taken a minority stake in the start-up Usense, a French company based in Paris-Saclay, specializing in medical diagnostic assistance based on urinary analysis. Thanks to a proprietary assembly of miniaturized technologies and artificial intelligence, the connected in vitro medical device from Usense makes it possible to perform a urine analysis, the results of which are obtained in a few seconds. The company plans to start marketing in 2022.
Atari announced a strategic investment of $ 3.5 million in arcade video game company Antstream Limited as well as an option to purchase the assets of Mobygames, Limited, including the Mobygames website and database. The investment in Antstream Limited was made pursuant to a convertible loan agreement which can be converted into shares of Antstream Limited upon future financing, with an initial investment of $ 500,000.
Vicat announced that it had signed a financing agreement for an amount of 250 million euros on November 15, 2021, in the form of a Private Placement with first-rate American investors (USPP). This financing agreement is made up of two tranches: the first, for an amount of 100 million euros, with a maturity of 10 years, at a fixed rate of 1.27%; and the second, for an amount of 150 million euros, with a maturity of 15 years, at a fixed rate of 1.57%.
The business climate in November in France is expected at 8.45 a.m. and the Ifo business climate index in November in Germany at 10 o’clock.
Of United States, lWeekly 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.
This morning, the euro crumbles 0.03% to 1.1247 dollars.
Yesterday in Paris
European markets closed in the red, penalized by fears of monetary tightening in the United States and the resurgence of the pandemic in Europe. Proof that the scenario of a faster-than-expected rate hike is deemed probable by the markets, the yield on the ten-year US rate jumps more than 12 basis points to 1.663%, its highest level in a month. In addition, operators fear the impact of health measures, if they become generalized in the Old Continent, on the recovery. The CAC 40 lost 0.85% to 7,044.62 points and the Euro Stoxx 50, 1.03%.
Yesterday on Wall Street
The US markets ended in scattered order, although their performance improved in the second half of the session. Technology stocks weighed on the trend as the 10-year yield continued to rise: +1.4 points to 1.67%. Zoom’s disappointing third-quarter sales performance also weighed heavily. On the economic front, the purchasing managers’ indices came out in line with expectations. The Dow Jones index closed up 0.55% at 35,813.80 points and the Nasdaq Composite lost 0.50% to 15,775.14 points.
Receive our latest news
Every morning, the information to remember about financial markets.