Morning meeting AOF France / Europe – Fragile rise in sight – 06/02/2022 at 08:29

(AOF) – European equity markets could start the session up slightly, but the trend seems very fragile. Investors continue to fear the impact of monetary tightening initiated by the Fed. At the same time, they fear the consequences of inflation on the world economy. Also, it is the general concern that prevails. The ADP survey of US private employment in May is due at 2:15 p.m. It will provide information on a possible easing of the labor market and consequently on the evolution of wages, characteristic of so-called “second round” inflation.

The values ​​to follow today


Saint-Gobain confirms that it is aiming for a further increase in operating income in 2022 compared to 2021 at comparable exchange rates. In the first half of 2022, the group expects the operating result to exceed the record level of the first half of 2021 and the operating margin to reach a double-digit level.


On the occasion of the publication of half-year results up sharply, Catana announced a favorable outlook. In addition to the historic growth that is announced for the current financial year, which should make it possible to reach 160 million euros in turnover, the order book confirms excellent prospects for the next two years. The pleasure craft specialist indicates that 210 million euros in billings have already been secured for the 2022-2023 financial year, as well as 160 million euros for 2023-2024 on a target of more than 250 million euros.


Renault Group and Managem Group have announced the signing of a “memorandum of understanding” aimed at securing the supply of low-carbon and responsible cobalt sulphate for electric batteries. The agreement provides for the supply by Managem of 5,000 tonnes of cobalt sulphate per year for a period of 7 years, starting in 2025. After an engineering study, Managem plans to invest in the construction of a future plant located within the Guemassa industrial complex in Morocco to transform cobalt ore into cobalt sulphate.


Vallourec announces the appointment of Enrico Schiappacasse as SVP Strategy and Development for the group. He takes office on June 1, 2022 and joins the Executive Committee. Enrico Schiappacasse was previously Vice-President of the Oil and Gas Business Unit of Prysmian Group, world leader in cables and systems for energy and telecommunications.

Macroeconomic figures

Markets are closed in the UK (Spring Bank Holiday).

In the eurozone, April producer prices are due at 11 a.m.

In the United States, investors will react at 2:30 p.m. to the ADP survey on the evolution of private employment in May and at 3:15 p.m. to the weekly jobless claims, to the new estimate of productivity in the first quarter and to the new estimate of the unit labor cost in the first quarter. Industrial orders for April are due at 4 p.m. and the change in weekly crude oil inventories at 5 p.m.

Around 8:30 a.m., the euro gained 0.03% to 1.0658 dollars.

Yesterday in Paris

It was finally in the red that the European stock markets began the month of June. Worries about inflation persisted following the release of the latest European data. In Europe, purchasing managers’ indices confirmed the slowdown in the manufacturing sector in May. At the sound of the bell, the CAC 40 fell 0.77% to 6,418.89 points and the EuroStoxx50 dropped 0.84% ​​to 3,757.30 points. The decline in Wall Street weighed in the afternoon.

Yesterday on Wall Street

US equity markets closed lower after a volatile session. The climate remains marked by investors’ concerns about global economic growth, the acceleration of inflation and the monetary tightening of the major central banks. Faced with these fears, the unexpected rise in the ISM manufacturing index in May was relegated to the background. On the values ​​side, Salesforce jumped thanks to its raising of objectives. The Dow Jones fell 0.54% to 32,813.23 points and the Nasdaq Composite, -0.72% to 11,994.46 points.

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