Week on the Market: Summary from 16th to 20th May-2022 May 20th, 11:25

(Photo provider: Unsplash-)

(Photo provider: Unsplash-)

May 9th (Monday)

CAC 40: -0.23% to 6,347.77 points

Facts of the day

China’s statistics have put pressure on the mood since the beginning of the week. April retail sales fell by more than 11% compared to April 2021, almost doubling analysts’ expectations. Despite all this, CAC 40 limits damage and yields only 0.23%.

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Valneva’s new blow to abandon 19% after the European Commission has announced the possibility of canceling a vaccine purchase contract for covid.

Tuesday, May 10

CAC 40: + 0.51% to 6,116.91 points

Facts of the day

CAC 40 ended this session with a green carried by excellent American statistics. US retail sales in April were up 0.9%, up in line with expectations, and were revised upwards last month. It was + 1.4% compared to + 0.5% on the first read. Despite very high inflation, American consumers are holding up!

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Engie recorded a total operating surplus (Ebitda) of € 4.6 billion in the first quarter, up 49%. With this good start this year, the group has raised its 2022 goal. In particular, we are aiming for a group share of € 3.8 billion to € 4.4 billion in recurring net income, compared to the previous € 3.1 billion to € 3.3 billion. A major French gas supplier has shown that it has reached an agreement with Russia’s Gazprom on the ongoing mechanism while avoiding currency risks.

Wednesday, May 11

CAC 40: + 2.50% to 6,269.73 points

Facts of the day

Investors have become more cautious after four bullish sessions in Paris over the last six days. At the end of the morning, they focused on the latest inflation rates in the euro area, up 7.4% year-on-year in April 2022, which was stable compared to March, according to Eurostat. As part of that, Wall Street is cracked. This is the worst session since June 2020, especially due to a series of bad announcements from mass retailers that are causing concerns about consumption and corporate profits across the Atlantic.

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Orpea’s new hit with over 19% bass in a single session. We question the exposure of Mediapart and Investigate Europe regarding the existence of a structure parallel to Orpea, which is based in Luxembourg, has accumulated 92 million assets and has conducted suspicious financial operations. The French Ehpad giant has complained about “abuse of corporate assets,” Mediapart said.

Thursday, May 12

CAC 40: -1.26% to 6,272.71 points

Facts of the day

The tough session in the US market the day before can be felt in the European market. CAC 40 fell 1.26% to 6,273 points, trading € 3.7 billion. That could have been worse, the index brought up to 2.5% in the session.

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Veolia fell after announcing strong results in the first quarter, especially thanks to the integration of Suez. However, the cautiousness of the group, who was happy to maintain the 2022 goal, could have been disappointing. Veolia aims to increase its total operating surplus organically by 4-6%, with the goal “before” the first semester “.

Friday the 13th May

CAC 40: Future Updates

Facts of the day

The Paris Stock Exchange has turned green in the morning, supported by China’s decision to cut interest rates. The central bank of China announced an overnight decision to reduce the prime rate of its five-year loan by 15 basis points to 4.45%. ..

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Vallourec recovered significantly today, rising more than 7% at the end of the morning, although it was on a downward trend yesterday after loss cuts were announced in the first quarter and plans to cut 3,000 jobs worldwide. Did.

LG ([email protected])

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