AOF France/Europe Morning Meeting – Drop In Sight After Fed – 09/22/2022 08:33

(AOF) – Major European stock markets are expected to fall sharply at the open on the back of Wall Street and Asian markets. The Nikkei just closed in Tokyo down 0.58%. The interest rate market is evolving in a scattered order. While European long rates give up some ground, the US 10 yield continues to rise, supported by the Federal Reserve. As expected, the latter raised its main key interest rates by 75 basis points to take them to 3%-3.25%. Above all, it intends to increase them to 4.40% at the end of the year and 4.60% in 2023.

The values ​​to follow today

Bogart

Bogart has signed an alliance with Slimane for the creation and distribution of its first brand of natural hair products, under the name “Cousin.es”. The singer-songwriter and performer, through his company Odyssée Cosmetics, calls on the French cosmetics group to formulate and develop expert, natural treatments dedicated to dry, curly, frizzy and frizzy hair and sensitive scalps.

Deezer

Deezer posted better profitability thanks to double-digit revenue growth in the first half of 2022. Net loss was €51.9 million, reduced by €8.8 million compared to the first half of 2021: – €60.7 million. Although the music streaming specialist’s Adjusted Ebitda is negative at €24.6m, it is an improvement of €4.6m compared to the first half of 2021. Business increased by 12.1% to €219 .4 million euros.

infotel

In the first half of 2022, Infotel’s net profit amounted to 9.8 million euros, 54.7% more. The current operating result amounts to 14.1 million euros, 38.1% more, benefiting from good cost control. The current operating margin amounts to 9.5% of revenues, compared to 7.9% in the first half of 2021. The specialist in the digital transformation of key accounts in Europe registered a growth of 15.6% fully organic to 149 .3 million euros.

Kalray

Kalray posted a net loss of €7.52 million in the first half of 2022 versus a loss of €7.63 million a year earlier. The consolidated Ebitda of the specialist in hardware and software technologies dedicated to intensive data management and processing followed the same trend, going from -3.44 million euros to -2 million euros. Consolidated turnover reached 4.77 million euros, a very strong increase (+1,049%). Includes Arcapix revenue between April 15 and June 30, 2022.

macroeconomic figures

In France, the business climate in September is expected at 8:45 am

UK monetary policy decision to be released at 1:30pm

In the United States, weekly jobless claims are expected at 2:30 p.m. and the leading indicator index for August at 4:00 p.m.

At around 8:30 am, the euro was down 0.23% to $0.9819.

yesterday in paris

European equity markets closed the session in the green. Investors wait a few hours before the Fed’s monetary policy decision. For the third time in a row, central bank officials are expected to decide to hike rates by 75 basis points. As for the values, those related to defense have been removed from the game like Thales. The CAC 40 gained 0.87% to 6,031.33 points and the EuroStoxx50 rose 0.74% to 3,492.60 points.

yesterday on wall street

Wall Street closed sharply lower after the Fed. Unsurprisingly, the central bank raised its main key rates by 75 basis points to 3%-3.25%. Jerome Powell’s offensive tone, on the other hand, was more surprising. The president of the institution anticipates further rate hikes. He wants rates to reach 4.40% by the end of the year and 4.60% in 2023 to try to curb inflation. To date, however, he does not expect the US economy to slip into recession. The Dow Jones fell 1.7% to 30,183.78 points and the Nasdaq fell 1.79% to 11,220.19 points.

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