(AOF) – European equity markets could rebound at the open in the wake of the close of Wall Street and the good orientation of Asian markets. On the rates market, the yield on the US 10 rose very slightly after falling yesterday. The risk of recession continues to cause investors concern. In this respect, the latter await with interest the Ifo index of the business climate in June in Germany and the consumer confidence index of the University of Michigan in June.
The values to follow today
Valneva
All the resolutions recommended by Valneva’s management board were approved by shareholders at its Mmxte general meeting held yesterday in Paris. Among the resolutions were the 2021 consolidated financial statements, delegations granted to the management board to increase the company’s share capital or issue certain financial instruments, and the appointment, for a three-year term, of two new members of the supervisory board.
AudioValley/Targetspot
AudioValley changes its name and becomes Targetspot. On this occasion, the share is given the new mnemonic code ALTGS, which will take effect on June 24, 2022. This change of corporate and stock market name confirms the group’s refocusing on the fast-growing market of digital audio monetization. Once the plan to sell the Winamp subsidiary has been finalized, the principle of which was also approved by the EGM of June 15, the group’s strategic efforts will thus be entirely focused on its core business.
Capgemini
Capgemini wins a Project Management Assistance contract from the Société du Grand Paris (SGP) to ensure the commissioning of the largest urban rail infrastructure project in Europe. The consulting and IT services group will contribute its expertise in railway engineering and management of major infrastructure programs.
GTT
GTT announces that it has received an order from its Chinese partner the shipyard Dalian Shipbuilding Industry Co (DSIC) for the design of the tanks of two new LNG carriers, on behalf of the company CMES LNG Carrier Investment Inc. This is the first construction project of LNG carriers with the DSIC shipyard. These two LNG carriers will offer a total cargo capacity of 175,000 cubic meters per ship and will integrate the Mark III Flex membrane containment system, developed by GTT.
Macroeconomic figures
In Germany, the Ifo business climate index for June is due at 10 a.m.
In the United States, new home sales in May and the University of Michigan consumer confidence index in June will be released at 4 p.m.
Around 7:45 a.m., the euro gained 0.23% to 1.0545 dollars.
Yesterday in Paris
European markets fell again, with disappointing PMIs heightening recession fears. This prospect led to a sharp decline in long rates: The yield on the German 10-year bond, which serves as a benchmark in Europe, fell by 21 basis points. Consequently, while banking and cyclical stocks were neglected, growth stocks such as technology were sought after. These sectoral arbitrages enabled the CAC 40 to limit its decline: -0.56% to 5,883.22 points. The EuroStoxx50 fell 0.65% to 3442.16 points.
Yesterday on Wall Street
US markets amplified their rebound in the wake of technology stocks. They were supported by the decline in long rates (-13 basis points for 10 years) caused by fears of recession. Which are fueled by purchasing manager indices signaling a marked deterioration in the economy in June in Europe and the United States. The Dow Jones gained 0.64% to 30,677.36 points. The Nasdaq rose 1.62% to 11,232.19 points.
