(News Bulletin 247) – European stock markets are down (-0.3% in London, -0.5% in Frankfurt, -0.7% in Paris), rather limited macroeconomic news this Wednesday – before two very busy days on this front, leaving operators to focus on the earnings season.
They show little enthusiasm for the publications of Reckitt Benckiser (-2% in London), Puma (-3% in Frankfurt), GSK (-1% in London) and Roche (-1% in Zurich), but more by those Beiersdorf (+1% in Frankfurt) and KPN (+1% in Amsterdam).
In Paris, where quarterly publications are particularly abundant, investors largely sanction the points of activity of Teleperformance (-13%), Dassault Systèmes (-8%), Nexans (-7%) and Valeo (-5 %).
“It’s time for caution as data on inflation and GDP in Europe and the United States are due to be published this week before the monetary policy meetings of several major central banks next week”, estimates more largely Kiplink.
According to others, the time seems to be for profit taking on stocks. ‘We advise to take advantage of any strength in prices following the first quarter publications to lighten up,’ recommended JPMorgan on Tuesday.
The only data published this morning in Europe, the confidence of French households in the economic situation improved slightly in April, given the INSEE indicator which gained one point to 83, but remains well below its average of long period (100).
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