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Damien Mezinis
(Boursier.com) – THE TREND
The CAC 40 which ended last week in the green, above 5,500 points, on a weekly gain of over 2 %, underwent some profit taking on Monday, down 0.37%, to 5,491 points in closing, in low trade volumes at the end of July. On the corporate side, earnings reports will continue this week with the expected accounts of EDF Sanofi Air France or BNP Paribas after those of Air Liquide this morning … In the United States, operators will closely follow the results of Apple tomorrow night, and the Fed's verdict on Wednesday rates. US employment figures for July will be released Friday …
ECO AND CURRENCY
At 112.1, economic sentiment has deteriorated further in July in the euro area despite an improvement in services, show Monday the results of the monthly survey of the European Commission. The index of economic sentiment fell to 112.1 points after 112.3 in June, continuing its downward trend since the peak of 115.2 reached in December. The index that measures the business climate in the euro area declined in parallel to 1.29 against 1.38 (revised 1.39) in June, also continuing a downward trend that began in February after a high of 1.63 in January
In the United States, the regional manufacturing activity index of the Dallas Fed for the month of July 2018 came out at + 32.3, against 32 of consensus.
D 'after the US National Association of Realtors on Monday, the promise of US home sales for the month of June 2018 came out up + 0.9% compared to the previous month, against a consensus of + 0.5%. The index for the month of June reached 106.9, against 105.9 for the May reading.
On the foreign exchange market, the Euro is now worth $ 1.1715. On the oil side, the barrel WTI found the $ 70 and Brent the $ 75.
VALUES INCREASING
* M6 (+ 5.3%). Investors are relieved of the future sale of the expensive Girondins football club in Bordeaux.
* Lectra continues its rebound (+ 5.3%) for its third consecutive session in the green. 19659010] * Nexans rebounds 4.8% after plunging 7.4% last Friday.
* On the CAC40, PSA Group climbed 2.1% with Solvay (+ 0.6%), Crédit Agricole (+ 1%) or Vivendi (+ 1.7%).
* CNP Assurances (+ 1.7%) posted a half-year turnover up 3.6% to 17 billion (+ 6.6% at constant scope and exchange rates) marked by a favorable dynamic units of account in the three geographical areas. The new business margin rate increased to 24.3% (compared to 23.6% in 2017). Gross operating income was 1.499 ME, up 1.5% (+ 7.9% at constant scope and exchange rates). Net income attributable to equity holders of the parent amounted to E672 million, up 2.3% (+ 2.6% at constant scope and exchange rates). Operating free cash flow net amounted to 809 ME up 29.7%. The coverage rate of the SCR group is 198% (190% at the end of 2017)
* After two consecutive sessions of a net correction, Nokia climbed 0.9%. T-Mobile US and Nokia today announced a $ 3.5 billion deal to accelerate the deployment of a 5G network in the United States. Nokia will provide T-Mobile with its comprehensive portfolio of end-to-end 5G technologies, software and services, helping the operator to market its 5G network to customers in the early years of the 5G cycle. Nokia took the opportunity to reaffirm its financial objectives.
* Total (+ 0.2%) started the production of Kaombo, the largest newly built deepwater project in Angola, located in 260 kilometers from the coast of Luanda. Kaombo Norte, the first floating production and storage unit (FPSO) now in operation, will produce about 115,000 barrels of oil a day, while the start of the second FPSO, Kaombo Sul, is expected next year. Global production will reach about 230,000 barrels of oil a day. In addition, the Ichthysen Australia project reached a major milestone on July 27 with the start of production of the first offshore well, which marks the beginning of some forty years of operation of this gas and condensate field. At full capacity, offshore installations are expected to produce 1,600 mmscfd of gas (285,000 barrels of oil equivalent per day) and 85,000 barrels of condensate per day.
VALUES FALLING
* Marie Brizard Wine & Spirits (-5.9%). The unaudited consolidated net sales for the second quarter of 2018 of the MBWS Group amounted to € 107.9 million, down 11.4% compared to the second quarter 20171. is down significantly -25.2%. This underperformance is the result of the continuation of the voluntarist sanitation policy carried out mainly in Poland and the United States as well as a very degraded level of activity in France in June.
* STMicroelectronics makes 2.6% while the sector of "technos" worries in the United States after the recent plunge of titles Facebook and Twitter .
* Air Liquide (-2.5%). The good momentum of the first quarter continued in the second explains Air Liquide which reveals, at the end of June, a net profit share of the group of 1.04 billion euros (+ 12.1%), a current operating income of 1.62 billion euros (-2.3% as reported, + 6.2% on a comparable basis) and a turnover of 10.16 billion (-1.3%, + 5.8% comparable). Air Liquide is "confident in its ability to achieve in 2018 growth in net income, calculated at constant exchange rates and excluding exceptional items in 2017."
* On the CAC40, Engie also loses 2, 5% with Capgemini (-2.2%) or Carrefour (-1.8%).
* Imerys (-1.4%) %) posted a net profit, Group share, which rose + 12.7% to ME 194.1 million in the 1st half of 2018. It takes into account other income and operating expenses net of tax for -14 , 9 ME (-17 ME in the first half of 2017), and the contribution of 32.6 ME from the Roofing division recognized as discontinued activity (33.8 ME in the first half of 2017).
* Maurel & Prom (-0.1%) reports revenue up 27% to $ 237 million ($ 186 million in the first half of 2017). The rise in crude prices continues. The average selling price over the period is $ 69.2, ie + 36% over H1 2017.
© 2018, Boursier.com
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