(Photo credits: – L. Grassin)
(AOF) – European stock markets rebounded sharply on Wednesday, driven by cheap buyouts following the recent fall linked to the Russian-Ukrainian conflict. The war obviously remains the main concern of the markets, especially in the absence of other catalysts. EU countries have approved new sanctions once morest Russia, such as new restrictions on exports to the country, clarification of the role of cryptocurrencies, and the exclusion of Swift from certain Belarusian banks. The CAC 40 gained 5.01% to 6,266.73 points and the Euro Stoxx 50, 5.4% to 3,694.30 points.
Adidas dominates the Dax on Wednesday, with a jump of 9% to 201.60 euros per share. The German sports equipment manufacturer published its 2021 annual results this morning and reported better than expected prospects. For 2022, the group is thus aiming for revenue growth of 11% to 13%, once morest a previous objective of at least 8% to 10%.
On a Parisian place in strong rebound, Alstom (+ 9.97% to 20.80 euros) is one of the most surrounded titles this Wednesday. It must be said that the action has fallen sharply in recent weeks and is still down 36% since the start of the year, much more than the CAC 40. Investors were particularly concerned regarding the exposure of the railway giant to Russia and Ukraine. It is in this context that Alstom came to announce the suspension of all deliveries to Russia, as well as of all future investment in this country.
Elis jumped nearly 7% to 12.62 euros, a performance that went almost unnoticed on Wednesday in a completely disrupted market environment. The specialist in maintenance and hygiene services published annual results this morning without any particular surprise, and sometimes even a little disappointing for Midcap Partners. Net profit thus stands at 114.6 million euros, whereas the analyst had anticipated 155 million, due to new financial charges and IFRS. But lower operating expenses and depreciation allowed it to be multiplied by more than 40 in one year.
The macroeconomic figures of the day
Investors await with interest at 4:30 p.m. the weekly evolution of US stocks.
Around noon, the euro gained 0.7% to 1.0979 dollars.
