(AOF) – European markets are in good shape, particularly the Paris Stock Exchange. Sunday’s election results rule out the darkest scenarios for the financial community. It was about obtaining an absolute majority by the New Popular Front – whose program is expensive and unfavorable to the business community – or by the National Rally, whose program would have potentially increased deficits. The sectors sanctioned after the announcement of the dissolution are rebounding. Around 12:30 p.m., the CAC 40 gained 1.47% to 7,589 points and the EuroStoxx50, 0.87% to 4,937 points.
A Paris,
Airbus
(+2.04% to 130.88 euros) recorded one of the strongest increases in the CAC 40 after the announcement of a binding agreement with the American aerostructures producer, Spirit AeroSystems. This includes the potential acquisition of major activities linked to Airbus, in particular the production of fuselage sections of the A350 in Kinston (North Carolina, United States) and Saint-Nazaire (France), the production of the wings and central fuselage of the A220 in Belfast (Northern Ireland) and Casablanca (Morocco), as well as the production of the pylons of the A220 in Wichita (Kansas, United States).
Less than a week after announcing the end of negotiations with the consortium led by Onepoint, Atos has reached an agreement on the main terms of a financial restructuring plan with a group of banks and holders of its bonds. Its financial creditors will thus become its main shareholders. The action
Atos
remains volatile. After reaching a high this morning at 1.22 euros, the share price is down 3.75% to 0.949 euros. The struggling IT group has reiterated that this plan will result in massive dilution for its current shareholders.
Today’s macroeconomic figures
The purchasing managers’ index for the French manufacturing sector fell to 45.4 in June from 46.4 in May, highlighting an acceleration in the contraction compared to the previous month, S&P Global said. It had been expected to come in at 45.3.
The purchasing managers’ index for German manufacturing fell to 43.5 in June from 45.4 in May, indicating an acceleration in contraction from the previous month, but in line with consensus.
of 45.3.
The eurozone manufacturing purchasing managers’ index (PMI), produced by S&P Global, fell for the fourth time in the last five months in June. “Having fallen to 45.8 from 47.3 in May (a 14-month high), it highlights a sharp deterioration in the eurozone manufacturing sector and an acceleration of the contraction in June,” S&P Global said. It had been expected to come in at 45.6.
In Germany, inflation in June will be known at 2 p.m.
In the United States, the purchasing managers’ index (S&P Global) for the manufacturing sector in June will be published at 3:45 p.m. Construction spending in May and the Purchasing Managers’ Index (ISM) for the manufacturing sector in June will be released at 4 p.m.
At around 12:00 p.m., the euro rose by 0.35% to 1.0752 dollars.
