currency indices

par Stephen Culp

NEW YORK (Archyde.com) – The New York Stock Exchange ended higher on Tuesday, buoyed by hopes of easing tensions in Eastern Europe.

The Dow Jones Industrial Average gained 1.22%, or 422.67 points, to 34,988.84 points.

The broader S&P-500 gained 69.4 points, or 1.58%, to 4,471.07 points.

The Nasdaq Composite advanced for its part by 348.84 points (2.53%) to 14,139.76 points.

All three major indices posted solid gains during the day, with technology stocks notably carrying the Nasdaq.

Geopolitical tensions eased following Russia said it withdrew some of its troops near the Ukrainian border, benefiting stocks and pushing crude prices lower as supply fears eased .

Stocks briefly pared gains in late trading, when US President Joe Biden said diplomatic efforts were continuing.

“Great recovery today, thanks to (Russian President Vladimir) Putin,” said David Carter, managing director at Wealthspire Advisors.

“Markets have evolved according to Putin or (Jerome) Powell, chairman of the Federal Reserve,” he added. “Putin and his intentions towards Ukraine and Powell and his intentions concerning interest rates”.

On the economic front, a Labor Department report showed producer prices jumped in January at twice the rate expected, bolstering economists’ expectations that the Federal Reserve will tackle inflation. by raising interest rates.

“Inflation data suggests prices are rising, but the markets already knew that,” said David Carter.

The earnings season is coming to an end. Values ​​Restaurant Brands International rose following the fast-food operator beat analysts’ estimates.

Hotelier Marriott International also rose thanks to better than expected occupancy rates.

Travel-related sectors advanced, with the S&P 1500 airlines index and the hotels, restaurants and leisure index both gaining ground.

Shares of Arista Networks surged following the company reported better-than-expected revenue for the current quarter.

(with Devik Jain, Susan Mathew and Shreyashi Sanyal; French version Camille Raynaud)

(AOF) –

ADP

The airport group will publish (following market) its annual results.

Liquid air

The industrial gases specialist will publish its annual results.

Bic

Bic realized in 2021 a net profit group share of 314.2 million euros, while this was only 93.7 million a year earlier. Operating income came to 452 million, i.e. a multiplication by almost 3 compared to 2020. Turnover was up by 15.9% at constant exchange rates, at 1.83 billion euros , including 436.8 million (+4.1%) in the last quarter. The Lighters division (approximately 40% of activity) grew by 20.3%, once morest +3% for Shavers and -5.6% for other products.

Carrefour

The retail group will publish (following market) its annual results.

Coface

Coface published a record net profit group share of 223.8 million euros for the 2021 financial year, i.e. a multiplication by 2.7 in one year. Government plans had a negative impact on pre-tax income of 160 million euros, including 103 million in the last quarter. The annual combined ratio thus reached 64.6%. The net loss ratio, however, improved by 14.4 points to 33.3%. Turnover grew by 8.3% to 1.57 billion euros.

Eiffage

Eiffage continues to actively manage its PPP portfolio by selling five projects to Quaero Capital. Eiffage recently completed the following disposals in the field of education and research in France: 80% of the capital and the current accounts of the companies Cologen and NPBS, respectively holders of the PPP contracts for 3 colleges in the Var and University of Lorraine in Nancy; and 85% of the capital and the current accounts of the companies Eiffinov, Melaudix and Melotech, respectively holders of the PPP contracts of the universities of Lille, Aix-Marseille and Lorraine in Metz.

Exel Industries

Exel Industries today finalized the acquisition of 100% of the Italian company GF Garden following having lifted all the conditions precedent. GF Garden becomes a subsidiary of Exel Industries and will operate jointly with the brands of the Garden division of the group: Hozelock, Tricoflex and Berthoud. The GF Garden site in Corregio in the Emilia Romagna region joins the group with all of its employees.

FDJ

The national lottery will publish (before market) its annual results.

Klepierre

The property company specializing in shopping centers will publish (following market) its annual results.

M6

M6 made a profit of 280.8 million euros in 2021, up 1.5% over one year and 63.4% over two years. Ebita meanwhile increased by 28% compared to 2020, to 346.7 million euros. The audiovisual group also generated consolidated revenue of 1.39 billion euros, up 9.2%. He was thus able to count on the 16% increase in multimedia revenues, which exceeded their pre-crisis level (+2.7%), even reaching their highest historical level.

neon

Neoen’s turnover amounted to 333.6 million euros in 2021, up 12%, including an increase of 22% to 90.9 million euros in the fourth quarter. At constant exchange rates, it increased by 10%. “This growth is mainly explained by the contribution of the assets commissioned during the year 2020 and in 2021,” explained the renewable energy producer. Electricity production reached 4.9 TWh in 2021, up 12%.

Nexans

The cable manufacturer will publish its annual results.

Verallia

The glass packaging specialist will publish (following market) its annual results.

There is no question of going further on the exemptions applying specifically to the transfer of businesses, but an increase in the ceiling for exemption from inheritance tax in general would also benefit the transfer of businesses, specified Bercy.

Change in sight for inheritance tax? The Minister of the Economy Bruno Le Maire said he was ready to study an increase in the exemption ceiling on inheritance tax, which would apply in particular to companies, in order to facilitate their transmission.

“Increase duty-free inheritance tax when passing on a business, why not?” said Tuesday, February 15 on

BFM Business

the tenant of Bercy adding that it seemed to him to be a “promising” path in which he was ready to embark. “You know that today we can transmit 100,000 euros every 15 years free of inheritance tax,” he recalled.

At Bercy, it is explained that there is no question of going further on the exemptions applying specifically to the transfer of businesses, but that an increase in the ceiling for exemption from inheritance tax in general would also benefit to the transfer of businesses. “If we were open to making a gesture on successions in general, the families in which there is a transfer of business, in particular within the framework of a Dutreil pact, would benefit from it”, we specified. at the ministry.

Emmanuel Macron had declared in January that “popular transmission” was a “subject” in particular for indirect line inheritance, much more heavily taxed, and with much lower exemption ceilings. Several presidential candidates, right and left, have said they want to raise the ceiling for exemption from inheritance tax, a tax that the French hate, even if they are only a small minority to pay it.

No 100% exemptions in the context of a business transfer

As part of a business transfer governed by a Dutreil pact, 75% of the value of the business is not taxed and the remaining quarter benefits from an allowance of 100,000 euros, as well as a reduction of 50% rights if the boss who transmits is under 70, detailed the ministry.

Bruno Le Maire ruled out the possibility of increasing these exemptions to 100%, because this would not, according to him, be in accordance with the principle of equality before the tax. “Proposing a 100% exemption Dutreil will be challenged by the Council of State, challenged by the Constitutional Council”, assured Bruno Le Maire.

The minister is due to take part in a debate on Tuesday followingnoon with candidates for the presidential election or their representatives, organized in particular by the Movement of medium-sized companies (Meti), whose reduction in taxation on business transfers is one of the claims.

With “the Pacte law, we have simplified the Dutreil system and we have improved it”, affirmed Bruno Le Maire. But “there is a question of justice. When we transmit, we can consider, when it is an important heritage, that there is also a contribution, there we have reduced it as much as possible”, judged the minister.