Index futures suggest that European stock markets should open in the red on Thursday. As the epidemic returns to Europe and worries investors, the figures for retail sales in China have disappointed. Negotiations between Republicans and Democrats around the American stimulus plan will also be very popular. On the statistics side, the day will be marked by several important publications, in particular GDP and unemployment in the Euro Zone, and retail sales in the United States. On the business side, Lexibook reported an increase in quarterly activity.
Technical analysis of the CAC 40
The information is not available.
The values to follow today
INNELEC
For the first quarter of fiscal year 2020-2021 (from April 1 to June 30, 2020), Innelec recorded sales of 18.94 million euros, up 27.8% compared to same period of the previous fiscal year. “As anticipated, this solid growth is driven by the launch of successful games and strong consumer demand for video games linked to the containment measures implemented from March 2020,” explains Innelec.
INTEGRAGEN
OncoDNA becomes IntegraGen’s largest shareholder, holding 29.99% of existing shares, following share buybacks on the Euronext Growth market. These acquisitions of IntegraGen shares follow the filing of a draft friendly public tender offer for IntegraGen shares with the Autorité des Marchés Financiers (AMF) on July 9. At the date of filing of the draft offer, OncoDNA did not hold any IntegraGen shares.
LEXIBOOK
Lexibook presented this Friday a turnover for the first quarter of its 2020-2021 fiscal year (from April 1 to June 30, 2020) up 9.2% over one year to 2.85 million euros. And this despite the impact of the health crisis, which pushed the main toy customers to close much of the quarter. “Star products have continued to perform, such as Powerman educational robots, electronic dictionaries, and classic toys like Chessman chess computers,” the hobby electronics specialist said in a statement.
SAINT GOBAIN
On August 13, 2020, Saint-Gobain canceled 6.1 million treasury shares purchased on the market. This cancellation compensates for the creation, on the same day, of an equivalent number of shares within the framework of the capital increase reserved for employees (Saint-Gobain Group savings plan). At the end of these transactions, the total number of shares making up the capital amounts to 544.7 million shares and the number of shares in circulation amounts to 541.6 million shares.
Macroeconomic figures
French inflation in July will be known at 8.45 a.m.
In the Eurozone, the GDP in the second quarter and the trade balance in June will be published at 11:00 am.
The United States will unveil retail sales in July and productivity in the second quarter at 2:30 p.m., industrial production and the production capacity utilization rate at 3:15 p.m., and finally the consumer confidence index of the University of Michigan and Business Inventories in June at 4:00 p.m.
Around 8:20 a.m., the euro gained 0.06% to $ 1.1822.
Yesterday in Paris
European markets ended the session in the red on Thursday, penalized by fears around the weakening of the economic recovery and negotiations in the US Congress on the still deadlocked stimulus plan. However, weekly unemployment data from the United States came as a welcome surprise to investors. But insufficient to forget the rest, especially as the results of ThyssenKrupp and the Airbus-Boeing conflict also weighed. At the close, the CAC 40 lost 0.61% to 5,042 points, and the EuroStoxx50, 0.52% to 3,345.8 points.
Yesterday on Wall Street
US equity indices paused on Thursday, despite good weekly unemployment figures. Investors are still concerned about negotiations between Republicans and Democrats over the economic stimulus package. If Donald Trump had to intervene last weekend to make up for the failings of Congress, the markets are afraid that the measures announced are not enough. Additionally, Cisco’s outlook weighed on the Dow Jones. At the close, the latter lost 0.29%, and the S & P500, although close to a record, lost 0.2%. The Nasdaq gained 0.27%.
source: AOF
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