Morning meeting AOF France / Europe – Slight rebound in sight but the markets remain volatile

(AOF) – European markets should open slightly higher, with caution. Yesterday’s publication of employment figures in the United States encourages this. Still too high, the latter show that the Fed’s fight against inflation will still require efforts. In Europe, long rates are trending up again (+9 pts to 2.03% for the German Bund this morning). Index futures suggest the Dax could rise 1.31%, the FTSE 100 0.67% and the EuroStoxx 50 1.34%. As for the CAC 40 in Paris, it could regain 1.2% according to the first indications available.

The values ​​to follow today

Aramis

A European player in the online sale of used cars to private individuals, Aramis Group announces today the finalization of the acquisition of Onlinecars in Austria, the leader in Austria in the sale of reconditioned vehicles. Last June, Aramis Group announced its commitment to acquire, subject to minor conditions precedent including anti-competition, the entire capital of Onlinecars. The conditions precedent having been lifted, the two companies were able to definitively conclude their merger.

colas

In accordance with the agreement signed on August 9, 2022, Colas Rail acquired on October 4 100% of the shares of the Hasselmann family group, based in Thuringia and specializing in the construction of railway tracks and railway infrastructure. The three companies of the Hasselmann Group mainly operate on conventional railway lines in the regions of central Germany, located from Hesse to Saxony, and on behalf of Deutsche Bahn. The group, which employs nearly 300 people, achieved a turnover of 70 million euros in 2021.

Esker

Esker and SEIITRA join forces to accelerate the dematerialization of documents. Thanks to this partnership, the Artificial Intelligence (AI) technologies of the former enrich Powimo’s new Dematerialization of incoming documents module. Launched in 2019, Powimo is a software offer, intended for real estate professionals, property managers and social landlords, which equips more than 12,000 users to manage 4 million lots. With Esker’s AI technologies, invoices are digitized and made accessible directly in Powimo.

Saffron

Safran Landing Systems, a world leader in landing and braking systems, is today inaugurating ExceLAB, one of the most advanced 4.0 test laboratories in the world, in Vélizy-Villacoublay, in the presence of Alexandra Dublanche, Vice President of the Ile-de-France region, Ross McInnes, Chairman of the Board of Safran, Olivier Andriès, Chief Executive Officer of Safran and Cédric Goubet, Chairman of Safran Landing Systems.

Macroeconomic figures

8:00 a.m. in Germany

Industry orders in August

11:00 a.m. in the euro zone

August retail sales

1:30 p.m. in the euro zone

Publication of the minutes of the last ECB monetary policy committee

2:30 p.m. in the United States

Weekly jobless claims

Yesterday in Paris

European equity markets closed lower. The creation of a higher than expected number of jobs in September across the Atlantic caused a net recovery in long rates. The markets therefore suffered the backlash. OPEC+ has decided to cut production by 2 million barrels per day. In response to this decision, the price of a barrel of WTI gained 1.96% to 88.19 dollars. The CAC 40 fell 0.90% to 5,985.46 points and the EuroStoxx50 fell 1.13% to 3,445.23 points.

Yesterday on Wall Street

US markets closed lower after the ADP survey released yesterday. This showed that last month, the number of jobs created in the private sector was higher than expected. The Fed’s monetary austerity policy is not yet taking full effect. Interviewed yesterday by Bloomberg TV, Mary Daly, president of the San Francisco Fed, insisted that the central bank would continue its efforts to curb inflation. The Dow Jones closed down 0.14% at 30,273.87 points, while the Nasdaq Composite fell 0.25% at 11,148.64 points.

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Morning meeting AOF France / Europe – Slight rebound in sight but the markets remain volatile


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