(AOF) – European markets are expected to rise at the beginning of the session after the progress of most Asian markets. The Nikkei closed this morning with a gain of 1.93%. On Wall Street, stock index futures are headed in the right direction. Investors should continue to digest US inflation, which topped the 8% mark in March for the first time in 40 years. However, core inflation has slowed. Economists believe these figures support the Fed’s tightening policy. LVMH will be surrounded after strong quarterly sales.
The values to follow today
Wavestone and Nomadéis are joining forces to become a major player in sustainable development consulting. Wavestone will discuss this merger in more detail when it releases Q4 2021/22 earnings on Thursday, April 28, 2022, after the Euronext markets close. Founded in 2002 and headquartered in Paris, Nomadéis is a French independent consultancy specializing in environment and social responsibility.
In 2021, consolidated revenues amounted to 44.1 million euros, 29.3% more (+21.3% organically and at constant exchange rates), including 2.3 million contribution from Respondi, consolidated by global integration from on December 1, 2021. International (77% of sales) was at the heart of this evolution with sales of 33.9 million euros (+30.5%, of which +22.2% on an organic basis already constant exchange rates). In France (23% of turnover), the dynamics were also very favorable with an activity of 10.2 million, 25.6% more.
LVMH achieved sales of €18 billion in the first quarter of 2022, 29% more than in the same period of 2021. Organic sales growth was 23%. For LVMH, this is “a good start to the year in an environment still disturbed by the health crisis and marked by the dramatic events in Ukraine”. With the exception of Wines and Spirits, which still faces supply constraints, all activities achieved double-digit sales growth.
Showroomprivé has announced the acquisition of The Bradery, a very fast-growing player in premium event sales primarily targeting millennials. The online sales site has acquired a majority stake of 51% with the possibility of acquiring the remaining 49% by 2026 at a price determined according to the future performance of the company. This acquisition will be fully financed with the company’s free treasury.
Eurozone industrial production for February will be released at 11 a.m.
In the United States, investors will react at 2:30 pm to the producer price index for March and at 4:30 pm to the weekly evolution of oil product stocks.
At around 8:30 am, the euro was up 0.09% to $1.0840.
yesterday in paris
European stock markets ended in decline, even if core inflation in the United States eased. At 8.5% annually in April, inflation reached its highest level since December 1981. On the other hand, excluding energy and food, it fell short of expectations by 6.5%. This acceleration in inflation was expected and long rates fell. The 10-year US bond yield fell more than 7 basis points to 2.7%. The CAC 40 index closed down 0.28% at 6,537.41 points while the EuroStoxx50 lost 0.21% to 3,831.73 points.
yesterday on wall street
Wall Street finally closed in the red after mixed inflation figures. In March, price increases reached a new forty-year high of 8.5% in one year, after 7.9% in February. This new outbreak should reinforce the Fed’s accelerated monetary normalization strategy. However, “core” inflation slowed in one month, going from 0.5% to 0.3%, perhaps a sign that the inflationary dynamics have touched ceiling and tends to wear out. The Dow Jones fell 0.26% to 34,220.36 points and the Nasdaq fell 0.3% to 13,371.57 points.