Morning meeting AOF France / Europe – Towards a timid rise in the markets, Pernod Ricard in the spotlight
European stock markets are expected to show a slight increase on Thursday at the opening before the publication of key indicators on inflation in the euro zone and the United States. On the statistics side, the GDP in France in the second quarter and the producer price index in July will be known at 8:45 a.m. On the stock side, Pernod Ricard will punctuate the markets following the publication of its annual results for the 2022/2023 financial year. The wine and spirits manufacturer posted an 11% increase in operating profit and 10% growth in turnover. The CAC 40 should gain 0.14%.
Values to follow today
Eiffage
Eiffage posted net income group share up 10.7% to 392 million euros for the first half. The construction and concessions group recorded a current operating profit up 9.1% to 1.01 billion euros while its turnover climbed 10.4% to 10.43 billion euros. . Free cash flow, close to zero in the first half of 2021 and 2022, is 276 million euros this year.
ID Logistics
Net income Group share of ID Logistics stood at 16.4 million euros during the first half of 2023, down slightly by 1.9 million euros compared to the first half of 2022. Ebitda current contract logistics specialist increased by 17.5% to 192.4 million euros. The current Ebitda margin improved by 90 basis points to 14.9%. Turnover increased by 10.3% to 1.29 billion euros. It is up 4.3% like-for-like.
Maurel & Prom
Maurel & Prom indicated that the current situation in Gabon did not affect the safety of employees of its Gabonese subsidiary. “Activities on site are taking place normally, without impact on production,” underlines the oil group. In addition, the process of acquisition of Assala Energy by the M&P Group, whose share purchase agreement was signed on August 15, 2023, is continuing.
Pernod Ricard
Pernod Ricard has published its annual results for the 2022/2023 financial year. Net income, Group share, amounts to 2.26 million euros, a facial growth of +13%. This strong progression is linked to the growth in Current Operating Profit. The operating profit over this period amounts to 3.34 million euros, organic growth of +11% (+11% on a nominal basis), with a maintenance of the gross margin and an increase in the current operating margin thanks to the portfolio premium brands, Revenue Growth Management and operational efficiencies initiatives.
Macroeconomic figures
On a monthly basis, retail sales fell by 0.8% in July in Germany while they were expected to increase by 0.3%, Destatis said. They fell by 0.8% in June. Retail sales fell 2.2% year-on-year.
In Germany, the unemployment rate in July will be known at 9:55 a.m.
In France, detailed GDP for the second quarter, household consumption of goods in July, and the producer price index in July will be known at 8:45 a.m.
In the euro zone, inflation in August and the unemployment rate in July will be known at 11 a.m.
The publication of the minutes of the latest ECB monetary policy committee is expected at 1:30 p.m.
In the United States, weekly unemployment claims, household income and consumption in July, the PCE price index in July and the trade balance in July will be known at 2:30 p.m.
In the United States, the purchasing managers index for the Chicago region in August will be known at 3:45 p.m.
In the United States, the weekly evolution of gas stocks will be known at 4:30 p.m.
Around 8:30 a.m., the euro lost 0.14% to 1.0913 dollars.
Yesterday in Paris
The European markets ended in a slight decline, contrary to a British Footsie in the green. Several statistics punctuated the session on both sides of the Atlantic. German inflation slowed less than expected in August. This statistic could guide the ECB’s next monetary policy decision on September 14. Eramet plunged more than 16% after deciding to suspend its operations in Gabon due to the attempted coup. After three positive sessions, the CAC 40 lost 0.12% to 7,364 points while the EuroStoxx 50 lost 0.20% to 4,317.83 points.
Yesterday on Wall Street
American markets ended higher after the publication of disappointing economic data: GDP and private employment in August. While these statistics are bad news for the American economy, they nevertheless increase the likelihood that the Fed will not have to increase its rates again. The yield on the American 10-year bond is falling again. In terms of companies, HP Inc fell due to a warning on its results. The Dow Jones gained 0.11% to 34,890.24 points while the Nasdaq Composite rose 0.54% to 14,019.31 points.
This article is originally published on boursorama.com
