(AOF) – European stock markets are expected to show a decline and nervousness at the opening of the first session of the week. The climate of political instability in France before the first round of early legislative elections on June 30 remains strong. Investors will learn key data on inflation in Europe on Friday. Wall Street ended in disorganized order on Friday against a backdrop of caution after several statistics attesting to the strength of the American economy.
Values to follow today
Bic
Second largest drop in the SBF 120 index last week, Bic lost 11.83% to 55.90 euros. The maker of pens, razors and other promotional items was penalized by its performance in the American lighter market, forcing it to reduce its annual growth outlook. The company now expects low single-digit revenue growth at constant currency excluding Argentina, compared to forecasts of between 5 and 7%.
BioSenic
Biotechnology company, BioSenic has signed a new subscription agreement for up to €2.1 million of convertible bonds (“OC”), arranged by ABO Securities through its affiliate Global Tech Opportunities 15 (“GTO 15”). The OCs will be issued and subscribed in a maximum of seven tranches. A first tranche of 30 OCs with a total principal amount of 300,000 euros will be subscribed (and payment processed) by GTO 15 in the coming days. The second tranche is planned for July 10, 2024.
Casino
The Casino group announces the signing of a unilateral purchase promise with a view to the sale of the company Codim 2, which operates in Corsica 4 hypermarkets, 9 supermarkets, 3 Cash & Carry and 2 drives having achieved a turnover excluding taxes of 332 million euros in 2023. The Rocca group has undertaken as part of this sale to take over all of the stores, which will be operated under the Auchan brand, as well as all of the employees of the stores and from the Codim 2 headquarters.
EuropaCorp
EuropaCorp recorded a net profit of 0.9 million euros for the 2023/2024 financial year, ended at the end of March, compared to a profit of 0.1 million euros, a year earlier. In one year, the film studio’s operating profit increased from 3.9 million euros to 3.6 million euros, a margin of 10% like last year. Consolidated turnover fell by 6% to 35.3 million euros. Overhead costs amounted to 11.2 million euros, a saving of 2.7 million euros over one year.
Macroeconomic figures
In Germany, the Ifo business climate index for June will be known at 10:00 a.m.
Around 8:30 a.m., the euro rose 0.07% to $1.0700.
Friday in Paris
European stock markets ended the week in negative territory after a session full of statistics. Investors took note of the deterioration in activity in the private sector in the euro zone in June. The Composite PMI stands at 50.8 points, a three-month low. In the United States, this same index exceeded expectations. On the value side, Atos finished at the bottom of the SBF 120 index. The title of the IT group in difficulty gained more than 34% over the week. The CAC 40 lost 0.56% to 7628 points and the EuroStoxx 50, 0.69% to 4913 points.
Friday on Wall Street
American stock markets closed the week in mixed order. Investors showed caution after learning of the publication of the PMI Composite index in June in the United States. According to S&P Global, it came out higher than expected: 54.6 against a consensus of 53.5. On the value side, the used car distributor Carmax progressed against a backdrop of mixed quarterly results. The Dow Jones gained 0.04% to 39,150 points while the Nasdaq lost 0.18% to 17,689 points.
