Friday, July 22, 2016

Mid-session analysis AOF France / Europe – Brexit weighs on equity markets – Le Figaro

(AOF) – European equity markets are moving close to balance, exercising caution after the announcement of a sharp deterioration in the activity of the British private sector in July. This announcement rekindles investor fears about Brexit and economic impact in Europe. Side values, Thales jumped after a strong first half while TF1 and GTT fall in the wake of disappointing interim results. Around 24:15, the CAC 40 yields 0.03% to 4 374.41 points, and the EuroStoxx 50 lost 0.06% to 966.74 point 2

In Europe, Lindt & amp. Spruengli rose 0.08% to 69,490 Swiss francs supported by solid interim results and encouraging outlook. In the first six months of the year, the world’s largest chocolate maker saw its net profit climb 11.1% to 72.2 million Swiss francs. Its operating income grew 8.6% to 98.4 million francs. Analysts expected 100.5 million, according to Bloomberg. Revenues rose 4.4% organically to $ 1.5 billion. The consensus was for a 5.1% growth.

In Paris, TF1 (-6.73% to 8.94 euros) has one of the largest declines in the SBF 120, several analysts cutting their profit forecasts after taking into account the group’s indications concerning the advertising market in the interim results. If the media group now expects a slight increase in the TV advertising market in France in 2016, against an earlier stability, he warned during a conference call with analysts that it would lose market share. Barclays attributed the loss to poor hearing of the chain.

There’s water in the gas between GTT and investors. The title of the engineering company specializing in the design of containment membrane systems for marine transportation and storage of liquefied gas falling more than 11% to 24.895 euros, hit by half-year results below expectations and above all, downward revision of its goal of revenue in 2016 due to the wait of the market.

the macroeconomic figures of the day

in July the flash index of purchasing managers (PMI) Composite France recovers to 50, one above two months, after 49.6 in June against a consensus of 49.2. The flash index of services activity also recovers to 50.3 after 49.9 in June against a consensus of 49.5. Finally, the flash PMI manufacturing index stood at 48.6 after 48.3 in June, a 4-month high. Economists expected 48.

In July, the PMI Flash Composite Index of the overall activity of the euro area stood at 52.9 after 53.1 in June, down from 18 month, against a consensus of 52.5. The Flash PMI index of activity in the service sector stood at 52.7 after 52.8 in June is lower than 18 months. Economists expected 52. Finally, the Flash PMI Manufacturing Industry Index stood at 51.9 after 52.8 in June, representing a low of 2 months, against a consensus of 52.3.

In July, the flash index of purchasing managers (PMI) Composite spring in Germany to 55.3, a highest of seven months, after 54.4 in June against a consensus of 53.7. The flash PMI index of activity in services reached 54.6 after 53.7 in June against a consensus of 53.2. Finally, the flash PMI manufacturing index stood at 53.7 after 54.5 in June. This compares with a consensus of 53.5.

Side United States, at 15.45, the flash index of purchasing managers (PMI) Manufacturer July will be released.

Around 12:10, the euro was up 0.03% to 1.1025 dollar.

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