(hooly News) – European equity markets are expected close to equilibrium on this last weekly trading day. Corporate results continue to fuel the stock markets on both sides of the Atlantic. However, concerns remain in the minds of investors regarding the health development of the epidemic. Side statistics, inflation in July and GDP in the second quarter in the euro zone will be revealed in particular at the end of the morning. In terms of values Vinci published a net loss (group share) in the first half of 2020.
Technical analysis of the CAC 40
From a graphical analysis point of view, the DayByDay research office observes that the ACC has formed a black body candle, broken its 50-day moving average and posted a one-month low. These factors indicate that the ebb wave initiated below resistance at 5205 points remains open, the attempt to recover having come to nothing as evidenced by the non-filling of the bearish gap at 5019 points. The French index is therefore likely to continue its decline towards its major support, located at 4693 points.
The values to follow today
Vinci published a net loss (group share) of 294 million euros in the first half of 2020 against +1.359 billion a year earlier. Operating profit on activity was down 88.3% to 267 million. The operating margin on activity is, for its part, down 910 basis points to 1.4%. The revenues of the specialist in concessions and construction for the period fell 15% to 18.493 billion euros.
Vivendi reported adjusted net income up 5.4% in the first half of 2020 to € 583 million. Adjusted operating profit (Ebita) came to 735 million, corresponding to a decrease of 3.8% on a constant basis. The income of the content and media expert is, for its part, down slightly by 2% (in constant data) to 7.576 billion euros.
Lagardère published sales down 37.8% like-for-like to 2.088 billion euros in the first half of 2020. Resop was negative at -218 million against +88 million euros a year earlier. The company underlines in particular the strong resilience of Lagardère Publishing, whose revenues for the period amounted to 971 million, down 8.3% (like-for-like) and with a Resop of +27 million.
L’Oréal published sales of 13.07 billion euros in the first half of 2020, down 11.7% over one year on a like-for-like basis and on a reported basis. The cosmetics group saw continued growth in China, which stood at 17.5%, and e-commerce surge of more than 64%. The gross margin represents 73.1% of sales, stable compared to last year, and the net income group share (excluding non-recurring items) fell 13% to 2.15 billion euros, i.e. an EPS of 3.82 euros (-12.7%).
In France, the GDP for the second quarter was published this morning (to be continued).
In France, household consumption expenditure in June as well as inflation in July will be revealed at 8.45 a.m.
In the euro zone, investors will see inflation in July and GDP in the second quarter at 11 a.m.
In the United States, household income and consumption in June as well as the PCE price index in June will be known at 2:30 p.m. The Chicago area purchasing managers index for July will be released at 3:45 p.m. Finally, the University of Michigan household confidence index in July will be released at 4 p.m.
Around 8:20 am, the euro advanced 0.32% to $ 1.1879.
Yesterday in Paris
Today’s galley day for the European stock markets, which all ended significantly down. The day was marked by a large number of company results, many of which published a loss (Total, Airbus, Renault …). The macroeconomic publications did not help, since Germany recorded the largest decline in its GDP in a quarter, the same for the United States where, moreover, weekly jobless claims rose for the second time. sharp. Thus the CAC 40 lost 2.13% to 4,852.94 points, and the EuroStoxx50, 2.97% to 3,202.07 points.
Yesterday on Wall Street
US equity markets ended in scattered order on Thursday. Investors were notably cooled by a message on social networks from the President of the United States evoking a possible postponement of the elections. Added to this is the publication of a 32.9% contraction in the economy in the second quarter as well as concerns about the health crisis. Side values ConocoPhillips was roughed up after revealing its quarterly. At the close, the Dow Jones fell 0.85% to 26,313.65 points while the Nasdaq rose 0.43% to 10,587.81 points.
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