(AOF) – European markets have tipped into the red, following the example of futures on US indices. However, the long-term interest rate market is tending to stabilize after its new surge of tension on Wednesday. Statistically, factory orders in Germany disappointed, but retail sales slightly exceeded expectations. The session was also marked by the disappointing point of activity of the oil major Shell. Around noon, the CAC 40 lost 0.33% to 5,965.46 points while the EuroStoxx50 fell 0.24% to 3,439.46 points.
In Europe, the Shell share (-4.33% to 2275 pence) is relegated to last place in the FTSE 100 index, the oil group having experienced a reversal of fortune in the third quarter compared to the second where it had unveiled a record profit of $11.47 billion. UBS specifies that the disappointment was the most important at the level of the gas-related activities of the oil group. The competitor of TotalEnergies warned that their result should be significantly lower than those of the second quarter of 2022 due to seasonality and a “volatile and dislocated” market.
In Paris, the title of Airbus rose 0.41% to 93.73 euros. In its latest Global Services Forecast (GSF), released today, the aircraft manufacturer expects the services market to return to pre-pandemic levels in 2023 and to double in value over the next 20 years, from from $95 billion today to more than $230 billion by 2041. The number of people working in aviation services, which keep fleets around the world flying daily, is therefore expected to increase by another two million.
INEA’s turnover (stable at 39.40 euros) posted growth of 17.8% in the third quarter, reaching 15.4 million euros. The specialist in new office real estate in the regions also experienced an increase in its turnover of 10.9% over the first nine months of the year to 43.4 million euros.
The macroeconomic figures of the day
In August 2022, seasonally adjusted retail sales volume decreased by 0.3% in the euro area and by 0.2% in the European Union, compared to July 2022, according to estimates from Eurostat, the statistical office of the European Union. They were expected to fall by 0.4% in the euro zone, according to the Reuters consensus. In July 2022, retail trade volume fell by 0.4% in the euro area and by 0.2% in the European Union.
Industrial orders fell by 2.4% in Germany in August compared to the previous month, announced Destatis, the federal statistics office. They were expected to decline by only 0.7% by economists polled by Reuters. Factory orders rose 1.9% in July, a revised figure of -1.1%.
The weekly jobless claims are expected at 2:30 p.m.
Shortly before noon, the euro gained 0.05% to 0.9889 dollars.
Receive our latest news
Every morning, the information to remember on the financial markets.