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Mid-session analysis AOF France/Europe – The conflict in Ukraine fuels European stock markets – 04/05/2022 at 12:16

(AOF) – At a time close to equilibrium, European markets have accentuated their decline in the second half of the morning, concerned about the turn of events in Ukraine. Indeed, following the war crimes charges against Moscow, Russian troops are about to launch a massive attack in the Donbass. At the same time, Western countries are considering new sanctions, including an embargo on Russian gas, even if it means weakening their economies. As a result, the CAC 40 lost 0.86% to 6,673.79 points and the Euro Stoxx 50 lost 0.26% to 3,940.93 points.

Boursorama, a subsidiary of Societe Generale, has signed a definitive collaboration agreement with ING. On the stock market, the shares of Societe Generale fell 5.29% to 22.73 euros, ending the rise of the CAC 40 index. Exclusive talks were announced in early February following ING’s decision to withdraw from the retail banking market in France, where it had 1 million customers, including 700,000 assets.

Delta Plus gains 2.8% on the Paris stock exchange, to 92.10 euros per share, the day after the publication of its annual results. The specialist in personal protective equipment realized a net profit, group share, of 32.4 million euros in 2021, an increase of 10.8%. Current operating profit amounted to 48.1 million euros, an increase of 11.1% year-on-year, but was slightly below Midcap Partners’ expectations (49.1 million euros). So, as expected, it shows a margin of 14%, slightly above the historical level.

It is without a false note that Argan (+ 1.94% to 115.80 euros) opened the ball for the first quarter publications for country. Between January and March 2022, the company posted rental income of €40.7 million, an increase of 7% compared to the first quarter of 2021. “This strong growth is mainly the result of the full-year effect of the 2021 deliveries and the rents generated by the three new developments delivered since the beginning of the year,” explains the real estate company specializing in the development and rental of premium warehouses.

The macroeconomic data of the day

The Purchasing Managers’ Index (PMI) in services rose to 57.4 in France in March, a figure in line with early estimates, according to final data from S&P Global Services (ex-IHS Markit). In February it was 55.5. The composite index reached 56.3, or 0.1 points above the initial estimate (55.5 in February).

The Purchasing Managers’ Index (PMI) in services rose to 55.6 in the euro-zone in March from an initial estimate of 54.8, according to final data from S&P Global Services (formerly IHS Markit). In February it was 55.5. The composite index reached 54.9, ie 0.4 points better than estimated (compared to 55.5 in February).

The Purchasing Managers’ Index (PMI) in services rose to 56.1 in Germany in March, from an initial estimate of 55, according to final data from S&P Global Services (formerly IHS Markit). In February it was 55.8. The composite index reached 55.1, ie 0.5 points better than estimated (compared to 55.6 in February).

In the United States, the trade balance will be released at 2:40 PM in February, the final release of the Purchasing Managers’ Indices for Services and Composite in March at 3:45 PM and the ISM for Services at 4:00 PM.

Around noon, the euro climbed 0.04% to $1.0978.

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