Morning meeting AOF France / Europe – Expected rise before US inflation

(AOF) – European markets are expected to rise slightly in the wake of Wall Street, which increased its gains in the second half of the session. Investors will be focused on US inflation figures for December. The consumer price index is expected to rise 6.5%, a slowdown from its 7.1% rise in November. Excluding the volatile elements of energy and food, inflation is expected at 5.7% in December against +6% in November.

The values ​​to follow today

Worldline

Worldline has completed the acquisition of a 40% stake in Online Payment Platform BV, as announced on September 29, 2022. Founded in 2011, OPP is a Dutch online payment service provider offering a payment solution dedicated to marketplaces and platforms in the C2C segment (peer-to-peer) in particular. Transactions made through marketplaces and platforms account for around a third of European e-commerce volumes and are expected to account for more than half by 2025.

Sanofi

Sanofi has made an additional multi-year capital commitment to Sanofi Ventures, its evergreen investment fund, which will bring the fund’s capital to more than $750 million. Sanofi Ventures will continue to play a role as a financial partner with early-to-mid-stage portfolio companies, and will also support Sanofi’s future business development and M&A operations. This capital increase, confirmed by the executive committee, will also strengthen the fund’s team of investors.

Corian

Korian, expert in the care and support of the elderly and frail, announces the finalization of the acquisition in Spain of the operator specializing in mental health Grupo 5, after having obtained the necessary authorizations in regulatory matters and in competition. With an expected turnover of some 330 million euros in 2023, in France, Spain and Italy, Korian is now the third largest private player in the sector in Europe.

Ubisoft

Ubisoft has issued a full-year earnings warning, blaming recent launches that failed to perform as expected and deteriorating macroeconomic conditions. The video game publisher is now targeting for the 2022-23 financial year, ending at the end of March, an adjusted operating loss (non-IFRS) of 500 million euros against a profit of 400 million euros previously. Net bookings, the equivalent of revenues, are now expected to fall by more than 10% against the previously communicated objective of growth of more than 10%.

Macroeconomic figures

Investors expect inflation in December and weekly jobless claims in the United States at 2:30 p.m. The weekly evolution of gas stocks will be unveiled at 4:30 p.m.

This morning, the euro gained 0.03% to 1.00762 dollars.

Yesterday in Paris

The main European stock markets ended up, benefiting from investor optimism about US inflation, expected on Thursday. Excluding the volatile elements of energy and food, inflation is expected at 5.7% in December against +6% in November. Luxury was in the limelight in Paris, with in particular important appointments at the world number one in the sector, LVMH. The CAC 40 gained 0.80% to 6,929.19 points while the EuroStoxx50 gained 1% to 4,098.11 points. The indices benefited from the sharp fall in long rates in Europe.

Yesterday on Wall Street

US stock markets increased their gains in the second half of the session. Investors showed optimism ahead of the publication on Thursday of new inflation data in the United States for December 2022. An easing in long-term rates was also observed, supporting the stock markets. More fear than harm for the aviation sector: the companies affected by a computer failure have finished in the green. The Dow Jones index gained 0.80% to 33,973.10 points and the Nasdaq Composite rose 1.76% to 10,931.67 points.