(AOF) – European stock markets are clearly in the red on Friday, as investors worry about the development of the health crisis and its impact on the economic recovery. Values linked to tourism are particularly battered by the UK’s decision to impose a fortnight on travelers coming from France and the Netherlands. The trend could change in the afternoon with a salvo of US statistics, including retail sales. Around noon, the CAC 40 lost 2% to 4,941.38 points and the EuroStoxx 50 fell 1.70% to 3,286.03 points.
Daimler (-1.55% to 41.65 euros) chose the negotiated solution to get out of “Dielselgate” in the United States. The German automaker has announced the conclusion of several agreements to end US proceedings over the scandal of polluting emissions from its diesel engines. In total, it will cost Daimler nearly $ 2.7 billion. This amount breaks down into $ 1.5 billion for various US authorities, $ 700 million for collective complaints, as well as $ 500 million in unspecified additional expenses.
Given the upsurge in the number of Covid-19 cases, the United Kingdom has decided to impose a 14-day quarantine on Saturday on people arriving from a number of countries and territories, including France. The French government deplored this decision and will apply the rule of reciprocity. This measure is bad news for the values linked to tourism, which show the blow this morning on the place of Paris: Air France-KLM give up 4.77%, Accor loses 3.17% and Getlink loose 2.81%.
Lexibook (+ 11.54% to 1.16 euros) presented this Friday a turnover for the first quarter of its 2020-2021 financial year (from April 1 to June 30, 2020) up 9.2% over one year at 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.
The macroeconomic figures of the day
In July 2020, the consumer price index (CPI) accelerated to 0.4% over one month in France, in line with the consensus, after + 0.1% in June 2020. This increase is the result of an increase in the cost of services (+ 0.9% after + 0.3%), a slight increase in tobacco prices (+0 , 1% after stability in June) and stability in manufactured products after a drop of 0.3% last month, said the INSEE. On the other hand, the decline in food product prices became more pronounced (-0.9% after -0.8%) and energy prices slowed to + 1.0% after + 1.8%.
The euro zones recorded in June 2020 a surplus of 21.2 billion euros in its international trade in goods with the rest of the world, against +19.4 billion in June 2019, announced Eurostat. “In June 2020, the containment measures linked to Covid-19 widely implemented by member states continued to have a significant impact on international trade in goods, although there are signs of improvement compared to in the previous month, “observes the statistical office of the European Union.
During the second quarter of 2020, still marked in most member states by containment measures linked to COVID-19, seasonally adjusted GDP fell by 12.1% in the region. euro zones and by 11.7% in the European Union compared to the previous quarter, according to the flash estimate published by Eurostat, the statistical office of the European Union. These figures are in line with initial estimates.
The United States will unveil July retail sales and second-quarter productivity at 2:30 p.m., industrial production and production capacity utilization rate at 3:15 p.m., and finally the University of Michigan consumer confidence index and inventories companies in June at 4:00 p.m.
Around noon, the euro yields 0.17% to 1.1795 dollars.
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