2024-04-03 06:31:00
(AOF) – European stock markets should continue their downward movement at the opening of the session this Wednesday. The CAC 40 should lose 0.20%. Investors will learn at 11 a.m. the inflation figures in the euro zone for the month of March. In the United States, the ADP survey on hiring in the private sector will be revealed at 2:15 p.m. On the values side, the Argan company indicated yesterday that it had recorded rental income of 48.1 million euros, an increase of 6%, in the first quarter of 2024. Renault announced the arrival of CMA CGM as a founding member of Flexis.
Values to follow today
Argan
In the first quarter of 2024, Argan recorded rental income of 48.1 million euros, an increase of 6%. The sustained growth comes “mainly from the revision of rents (+4.6%) on January 1, 2024, supplemented by the full year effect of deliveries in 2023”, explains the French real estate company in the development and rental of warehouses. Argan specifies that it has a secure development volume of almost 180 million euros for 170,000 square meters in total, with an average yield approaching 7%.
The dolphin
Delfingen announces a net profit group share down 14.8% in 2023 to 6.9 million euros, for a turnover up 9.5% to 456.7 million euros. The automotive equipment manufacturer specializing in cabling protection solutions for the mobility and industrial markets highlights the 33.6% increase in its current operating profit to 28.1 million euros, and will propose the payment of a dividend of 1.15 euros per share for the 2023 financial year. The latter is up 80% compared to the previous financial year.
Delta Plus Group
Delta Plus Group revealed 2023 results marked by an improvement in its operational profitability. Net profit, group share, increased by 12.3% to 38 million euros. Current operating profit increased by 10.4% to 57.9 million euros, or 13.8% of turnover, an increase of 1.3 points. It marks a return to the profitability levels reached before the Covid-19 period: 13.7% as of December 31, 2019. Sales increased by 0.1% to 420.6 million euros.
Renault
CMA CGM has joined Flexis SAS founded on March 22, 2024 by Renault and Volvo, a joint venture dedicated to the development of the “revolutionary” next generation of electric vans. CMA CGM, through its Pulse energy fund, is taking a 10% stake in Flexis SAS and will invest up to 120 million euros by 2026. Volvo and Renault, which each hold 45% in Flexis SAS, plan to invest respectively 300 million euros over the next three years.
Macroeconomic figures
In the euro zone, data on inflation in March and those on the unemployment rate in February will be published at 11 a.m.
The ADP survey on private employment in March in the United States will be revealed at 2:15 p.m.
In the United States, the purchasing managers’ indices for the services and composite sectors in March will be revealed at 3:45 p.m.
In the United States, the Purchasing Managers’ Index (ISM) for the services sector in March will be published at 4 p.m.
Data on the weekly evolution of oil stocks in the United States will be published at 4:30 p.m.
Yesterday in Paris
European markets ended down following a long Easter weekend. This session was punctuated by several indicators. The purchasing managers’ index for the French manufacturing industry came out better than expected in March. Strong economic data in the United States yesterday supported rates, as did oil. On the value side, Vivendi announced the sale of its international festival and ticketing activities. The CAC 40 lost 0.92% to 8130.05 points while the EuroStoxx 50 fell 0.69% to 5048.27 points.
Yesterday on Wall Street
American markets ended lower. Investors await tomorrow the ADP survey on private employment in March and Friday the official report on employment in March 2024. The barrel of Brent at its highest since October 2023 supports oil companies, while the rise in rates weighed on technology. GE Aerospace fell back on Wall Street following its split from General Electric. Tesla fell following publishing disappointing deliveries in the 1st quarter. The Dow Jones lost 1% to 39,170 points and the Nasdaq lost 0.95% to 16,240 points.
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