(News Bulletin 247) – European stock markets start the month of March in relative confidence (+0.6% in London, +0.4% in Frankfurt and Paris), not letting themselves be affected by contrasting PMI manufacturing indices appeared in the morning.
The S&P Global PMI for manufacturing in the euro zone fell slightly from 48.8 in January to 48.5 in February, dragged down by the indicator relating to supplier delivery times and by the decline in inventory purchases.
‘The downward impact of these two variables on the overall index exceeded that (upward) of the recovery of the indices of production, new orders and employment’, underline the investigators.
In the UK, the S&P Global/CIPS manufacturing index rose to 49.3 from 47 in January on the back of stabilizing demand, improving supply chains and easing inflationary pressures .
The session is also marked by a new burst of annual results, such as those of Beiersdorf (-2%) and Puma (-4%) shunned by investors in Frankfurt, unlike those of Reckitt Benckiser (+ 1%). in London.
In Paris, the operators hailed the publication of the IT services group Atos by granting it a 10% jump on the stock market, while they imposed a sanction symmetrical to that of the bio-analysis provider Eurofins Scientific.
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