(AOF) – European markets show a moderate decline on Tuesday, after the slight increase the day before. Retail sales in Europe, slightly better than expected, did not help them return to positive territory, as the German ZEW index on investor confidence fell sharply. The day is also marked by a series of US indicators this afternoon after the reopening of Wall Street, closed Monday, before other important publications this week. The CAC 40 thus yields 0.28% to 6,549.15 points, and the Euro Stoxx 50 is down 0.31% to 4,074.66 points.
Alstom accuses by far the largest drop in the CAC 40, with a drop of 5.80% to 41.25 euros per share. It must be said that the rail specialist has reserved a very bad surprise for investors by warning that it should show a significantly negative free cash flow during its 2021-2022 fiscal year. “This confirms our foreboding since the publication of the 2020-2021 fiscal year”, commented Invest Securities, “the order book from Bombardier Transport does not seem to be completely ‘cleaned'”, which will result in additional provisions.
Up 0.6% to 38.95 euros, TotalEnergies signs one of the strongest increases in the CAC 40, supported by the rise in oil prices, to the highest since November 2014. Around 11 am, the price of a barrel of American WTI gained 1.7% to 76.43 dollars while its European counterpart, the Brent of the North Sea, clustered 0.3% to 77.4 dollars. Black gold benefits from the cancellation of the OPEC + meeting on the recovery of its production. In the absence of an agreement between the members of the cartel and its partners like Russia, the status quo would prevail.
Atari shares fell 12.48% to 0.4595 euro the day after its warning caused by its change in strategy and the withdrawal from certain activities. The publisher and producer of interactive entertainment now wishes to devote in particular new resources to the development of premium games with higher added value. In this area, Atari intends to rely on its catalog of 200 proprietary games to build a solid pipeline of paid games on all platforms.
Today’s macroeconomic figures
Retail sales in the euro zone rose 4.6% in May compared to April, against 4.4% expected. The previous month, they had fallen 3.9%. On an annualized basis, it rose 9%, against 8.2% expected, after a jump of 23.3% in April.
The ZEW index, which measures German investor sentiment on the economic outlook, stood at 63.3 in July, well below the 75.2 expected by analysts. In June, it was 79.8.
Around noon, the euro lost 0.24% to 1.1836 dollars.
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