(News Bulletin 247) – A certain gloom prevails in European markets (-0.2% in London, -0.7% in Frankfurt, -0.3% in Paris), weighed down in particular by stocks in the automotive sector at following a disappointing Tesla post the night before.
The title of the American manufacturer of electric cars is indeed expected to fall sharply, after the publication of its first quarter accounts, marked by an increase in its income, but a compression of its profitability on an annual basis.
‘In addition, questions about the policy of the major central banks are hampering initiatives two weeks before the monetary decisions of the US Federal Reserve and the ECB, on May 3 and 4,’ notes Kiplink Finance.
On the statistics front, Eurostat reported a strong improvement in the euro zone’s trade balance to -0.1 billion euros for the month of February, thanks to exports which increased by 1.2%, but above all to imports which decreased by 3.4%.
In addition, the business climate in France deteriorated slightly in April, for the second consecutive month, given the INSEE indicator which lost one point to 102, but thus remained above its long-term average. (100).
As for values, Nokia is down 6% on the OMX, in the wake of the presentation by the Finnish network equipment manufacturer of declining quarterly results, despite an increase in turnover thanks in particular to its activity in India.
The wave of quarterly shows is particularly provided in Paris, where operators welcome the point of activity of the cosmetics giant L’Oréal (+1%), but heavily penalize that of the car manufacturer Renault (-7%).
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