After three consecutive red streaks, European stock markets are expected to trade in positive territory at the opening of the last session of the week. This Friday, investors will learn a major statistic across the Atlantic: the PCE price index figures. This indicator is particularly monitored by the Fed as part of its monetary policy. Yesterday, Wall Street ended slightly higher. On the Atos side, David Layani and Helen Lee Bouygues announced their resignation from the board of directors of the struggling IT group.
Values to watch today
Atos
Atos has been informed by David Layani and Helen Lee Bouygues of their resignation with immediate effect from the Board of Directors, and of their intention to withdraw Onepoint from the company’s capital. David Layani, the Chairman and Founder of Onepoint, and Helen Lee Bouygues had been co-opted as directors last February after the digital transition specialist became Atos’ reference shareholder at the end of 2023, with 11.4% of its capital.
Graines Voltz
Graines Voltz, specialist in flower and vegetable seeds and plants, revealed its first half results. Its net profit, group share, stood at 2.9 million euros compared to 2.1 million euros compared to the half-year of the previous financial year for an operating profit of 16.9 million euros, an increase of 16 .6%. Turnover was down 0.9% to 75.9 million euros compared to the same period last year.
Infotel
Infotel, specialist in the digital transformation of major accounts in Europe, announces a 30% stake in the capital of Altanna, an expert in the construction, integration and operation of complex IT infrastructure solutions. The company achieved a turnover of 2 million euros in 2023 and projects a turnover of 4 million euros in 2024. The operation is financed entirely in cash from its own funds, and will be effective at the beginning of July , after the finalization of the audits and the lifting of the usual conditions precedent.
Phaxiam Therapeutics
Phaxiam Therapeutics announces the success of its capital increase with maintenance of preferential subscription rights, the launch of which was announced on June 12, 2024. The biotech which is developing innovative treatments against severe and resistant bacterial infections specifies that at the end of the subscription period, which ended on June 25, 2024, the total demand amounted to approximately 3.9 million shares, representing approximately 7.8 million euros, i.e. a subscription rate of approximately 77.1%.
Macroeconomic figures
Inflation in June will be known in France at 8:45 a.m., as will household consumption expenditure in June, the producer price index in May and debt in the sense of Maastricht in the first quarter.
Inflation in June in Spain will be published at 9:00 a.m.
The unemployment rate for June will be communicated at 9:55 a.m.
In the United States, household income and consumption in May will be announced at 2:30 p.m. as will the PCE price index in May.
The Chicago Purchasing Managers’ Index for June will be released at 3:45 p.m. ahead of the University of Michigan Consumer Confidence Index at 4 p.m.
At around 8:30 a.m., the euro fell by 0.11% to 1.0693 dollars.
Yesterday in Paris
The Paris Stock Exchange fell against the backdrop of a widening of the Franco-German spread. The latter, which measures political risk, has exceeded 80 basis points. In addition to the French legislative elections this weekend, investors are awaiting major economic statistics tomorrow, including inflation in France and the PCE price index in the United States. In Paris, investors welcomed higher-than-expected revenues from OVHcloud. The CAC 40 index fell by 1.03% to 7,530.72 points. The EuroStoxx50 lost 0.28% to 4,902.09 points.
Yesterday on Wall Street
American stock markets ended the penultimate session of the week on a positive note after a host of statistics. Promises for home sales in May have declined. Also, orders for durable goods came out better than expected unlike weekly unemployment claims. On the investor side, caution remains in order as data on inflation across the Atlantic is expected this Friday. The Dow Jones rose 0.09% to 39,164 points while the Nasdaq gained 0.30% to 17,858 points.
source : AOF
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