AOF France / Europe Morning Match – Markets Bounce Expected – 04/11/2022 08:35

(AOF) – European equity markets are expected to rise this Friday at the opening. Investors experienced two straight sessions in the red after the Fed’s fourth three-quarter rate hike. Its chairman Jerome Powell on Wednesday considered the idea of ​​a pause in monetary tightening “premature”. He words that had then provoked risk aversion in the markets. Among the expected indicators for the day is the October US employment report due out at 1.30pm.

The values ​​to follow today

General Company

Société Générale reported higher-than-expected third quarter results on Friday, supported by its trading activities which benefited from market volatility. The net profit of the third largest French bank by market capitalization decreased 6.4% in the quarter. At € 1.5 billion, it is above analysts’ forecasts who expected an average of € 999 million. In the period, the bank’s revenues grew by 2.3% while its expenses increased by 1.5%.

Tele-performance

Teleperformance raised its targets for 2022 after experiencing strong growth in the third quarter of 2022. In this period, revenues reached € 2.056 billion, up 17.2%. The business of the outsourced customer experience management specialist grew by 7% like-for-like and 13.8% like-for-like, excluding the impact of the evolution of Covid assistance contracts.

Neoen

Neoen, one of the leading independent producers of exclusively renewable energy, announced unaudited turnover of € 354.6 million for the first nine months of 2022, up 46% compared to the first nine months of 2021. At exchange rates constant, increased by 41%. This growth is mainly due to the contribution of assets that entered into operation in Argentina and Australia in the course of 2021 as well as in France in 2021 and in the first half of 2022.

Bell

Hopscotch, a communications and events consultancy group, has unveiled a 73.7% increase in its consolidated turnover as of September 30, 2022, equal to 161.4 million euros. Its gross margin was 58.1 million euros (+ 42.4%), with a third quarter of 2022 in line with the previous ones. PR and digital communication activities, which had progressed during the crisis, maintain their trajectory with further growth of more than 2.5%.

Macroeconomic data

Industrial production in September and the trade balance in September will be known a

8:45

in France.

The Index of Purchasing Managers in the Services Sector in October will be known to

9:50 am

in France.

The index of purchasing managers in the services sector will be released in October

9:55

in Germany.

The Index of Purchasing Managers in the Services Sector in October will be known to

10:00 in the morning.

in the euro area.

Industrial producer prices in September will be known to

11:00 am

in the euro area.

The October work report will be published at

13:30

In the USA.

Around 8:30 am, the euro gained 0.28% to $ 0.9777.

Yesterday in Paris

Driven by the decline on Wall Street, European markets are down at the close with the exception of the FTSE 100. After the ECB and the Fed, it was the Bank of England’s turn to raise rates to counter inflation. On Thursday, the BoE announced a 75 basis point hike in its rates to 3%, the largest since 1989. For its part, the Fed raised its key rate by 0.75 points, which now stands at between 3%. 75% and 4% and do not intend to stop there. The CAC 40 closed down 0.54% to 6,243.28 points while the EuroStoxx50 lost 0.80% to 3,593.14 points.

Yesterday on Wall Street

The New York Stock Exchange closed in the red for the fourth consecutive session, as the current economic outlook did not change investors’ perception that the Federal Reserve would continue to raise interest rates longer than expected. In terms of indicators, growth in the services sector slowed more than expected in October and the US trade deficit is higher than expected. The Dow Jones Index fell 0.46% to 32,001.25 points while the Nasdaq Composite fell 1.73% to 10,342.94 points.

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