(News Bulletin 247) – European stock markets are moving forward (+0.6% in London, +0.9% in Frankfurt, +1.2% in Paris), encouraged in particular by an increase in forecasts from of semiconductor manufacturer Infineon, whose stock jumped nearly 8% in Frankfurt.

The German group indeed raised its revenue and margin targets for the current quarter and fiscal year on Tuesday evening, due to resilient commercial momentum in its main segments and the evolution of energy costs.

According to Oddo, this increase “allows to correct excessive management caution, but is also an interesting indicator for other companies in the sector with the same type of exposure”, citing for example STMicro (+5% in Paris and Milan) .

Still on the values ​​front, ArcelorMittal gained more than 2% in Paris, following the raising of UBS’s recommendation from ‘sell’ to ‘buy’ on the title of the steelmaker, with a raised price target.

UBS takes more than 1% in Zurich, with the announcement of the imminent return of its former managing director Sergio Ermotti as well as the resignation of Ralph Hamers, who took over as head of the banking group in November 2020.

The only data published this morning in Europe, French household confidence fell slightly again in March, according to the INSEE synthetic indicator which lost one point to 81, and thus remains well below its average. of long period.

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