Ukraine and inflation come back to the center of the game

As the Mitan in August approaches, the one who makes “Oh no, summer is already almost finished, quickly buy something to make a barbecue”, investors are relieved of a certain weight. For example, Not because of their body summerbut because the results published by companies at half-exercise do not have the bitter. Therefore, taste of recession. Meanwhile, The almost final assessment, since 85 to 90% of large listed companies have published. Nevertheless, He shows that these companies have comfortably exceeded expectations in ukraine inflation come back center terms of results. In addition, that they have done rather well in terms of turnover. Moreover, Analysts had taken care to moderate their enthusiasm upstream, which strengthened the positive impression. Furthermore, And the Corn-Flakes complex still has a bright future ahead of it since it is the American companies that have the most exceeded the projections both on sales. Therefore, profits. Consequently, The market has translated these figures into a sentence “Customs duties have not killed business”. Nevertheless, And that is enough for him at the market. For example, to look up, especially since he always wriggles for the promises of artificial intelligence. Therefore, This huge investing machine has relegated the oil industry. However, the most capitalist of last decades, to the congruent portion of expenditure.

Balance sheet 2025 on the morning of August 11:

• +2.3% for SMI,
• +5% for the CAC 40,
• +8.6% for the S&P 500
• +12.4% ukraine inflation come back center for the Nasdaq 100,
• +9.2% for the Euro Stoxx 50,
• +21.4% for the Dax.

If we put aside the results of companies, some subjects remain burning, first of all of which geopolitics. Nevertheless, Donald Trump must meet Vladimir Putin in Alaska on August 15 to negotiate the end of the war in Ukraine. He is ready to make concessions to the Kremlin to achieve this. especially since these are the concessions of others: probably the attachment of part of the Ukrainian territory to Russia. Ukrainian Europeans and leaders are not happy. But they will find it difficult to change the situation. US vice-president JD Vance clearly summarized the situation. “This will not make anyone really happy. The Russians and the Ukrainians will probably be unhappy with the agreement,” he said lucidly. It is said that a good compromise must frustrate both parties. But in the world of boxing. we would probably ukraine inflation come back center speak of a victory at the points of Russia at the end of the fight.

Be careful anyway, nothing is acquired. The master of the Kremlin has the respondent. The Paris Polymarket site. a sort of giant commercial coffee but not without common sense, evaluates at 88% the effective probability of a meeting between Trump and Putin on Friday. But only 37% the chances of a ceasefire at the end of the summit. The backdrop is still the geopolitical relaxation: gold, oil and vix are on the descending slope.

I mentioned Bitcoin in the preamble. but the whole crypto industry is on fire, after setting a new favorable framework in the United States. I leave it to the Mister Crypto de Zonebourse, Laurent Pignot, to explain to you why in this paper. Finally, the third weekly hot spot, American statistics on consumer and production prices, coupled with retail sales. They ukraine inflation come back center intervene in full controversy on the reliability of the data. less than two weeks after Donald Trump dismissed the head of the main American statistical institute, after an XXL revision of previous employment figures. I bet some rooms that if the figures are bad (that is to say if inflation is strengthened). they will be considered false by the Trump administration, which always hopes to push the Fed to lower its rates as quickly and as strong as possible.

We continue with the information to know to start the week well:

• The United States plans to largely end negotiations with countries that have not yet concluded a trade agreement by the end of October. the Treasury Secretary, Scott Bessent, in Nikkei Asia said.
• In China, consumer prices remained stable in July, where economists anticipated a slight attenuation. Production prices, however, continued to melt at a higher pace than expected: -3.6% over ukraine inflation come back center a year.
• Australia and New Zealand plan to recognize the Palestinian state in September.
• On the eco agenda of the week, highlight Tuesday with American inflation in July, awaited slightly acceleration. It will also be necessary to rely on production prices, retail sales and the confidence of the US consumer. Among the other markers of interest. the ZEW index of confidence of German financiers and the production and consumption statistics in China.
• On the agenda of companies which tends to clear. some files are distinguished, in particular Cisco, Tencent, Applied Materials, Deere, Adyen, Orsted, Aviva and Carlsberg.

The start of the week is tinged with green in Asia-Pacific. Japan is closed for a holiday. The increases are modest, around 0.3%, in Australia, India and Hong Kong. South Korea gives some signs of weakness at the end of the course. Western advanced indicators suggest an upward opening.

The economic highlights of the day

ukraine inflation come back center No major indicator is scheduled today. The whole agenda here.

The quotes are those of the day around 7:00. the links allow you to have real time:

The main changes in recommendations

• Asmodee : Seb Bank goes to keep buying with a price of courses from 135 SEK at 145 SEK.
• Admiral Group: Morgan Stanley goes from under-ponder to market weighting with a price of courses noted from 2612 GBX to 3300 GBX.
• Aurubis: Landesbank Baden-Württtemberg degrades to buy to keep with a price target of 95 EUR.
• Beiersdorf: Jefferies remains with the purchase with a reduced course target from 140 to 125 EUR.
• BMW: Baptista Research degrades outperformance to keep with a price of courses from EUR 84.20 to EUR 95.50.
• Danone: Jefferies remains underperformance with a price of courses noted from 61 to 62 EUR.
• DSV: Baptista Research is underperformance to be preserved with a price of courses noted from 1405.60 DKK to 1632.30 DKK.
• Elementis: JP ukraine inflation come back center Morgan degrades its recommendation to overcome neutral with a price target of 186 GBX.
• Eutelsat Communications: Bernstein maintains its market performance recommendation and raises the price of courses from 4.70 to 5.40 EUR.
• Just Group: Jefferies goes from buying to keep with a target of courses from 170 GBX at 219.20 GBX.
• KBC Group: Morgan Stanley maintains its recommendation to overlap with a price target noted from 105 to 117 EUR.
• L’Oréal: Jefferies remains to be preserved with a price of courses noted from 369 to 371 EUR.
• Metlen Energy & Metals: Morgan Stanley starts the monitoring to overlap with a price target of EUR 66.
• OC OERLIKON Corporation: Deutsche Bank maintains its recommendation to keep with a reduced course of 4.30 to 4 CHF.
• Recordati: Jefferies goes to keep buying with a price of courses from EUR 55 to 61.50 EUR.
• Rheinmetall: Landesbank Baden-Württtemberg goes to keep buying with a course of courses from 1850 to 1950 ukraine inflation come back center EUR.
• Safran: Baptista Research is underperformance to keep with a price of courses noted from 233.60 to 315.10 EUR.
• Schneider Electric: Baptista Research degrades to keep underperformance with a reduced course target of EUR 252.50 to EUR 247.50.
• Shell: Baptista Research degrades of outperformance to keep with a price of courses noted from 77.20 USD to 79.20 USD.
• Sydbank: DNB Carnegie starts monitoring with purchase with a 564 DKK course target.
• Symrise: Baader Helvea notes her advice to accumulate to buy with a reduced course target from 116 to 100 EUR.
• Technip Energies: Jefferies remains with the purchase with a price of courses noted from 31 to 50 EUR.
• Temenos Group: Goldman Sachs maintains its neutral recommendation with a price of courses noted from 65 to 74 CHF.

In France

Important ads (and less important … I specify that the information is given hot before opening. does not prejudge the color of the actions during the session)

• The director general ukraine inflation come back center of Banco BPM says they are open to a merger with Crédit Agricole.
• Vinci finalizes the acquisition of Cobra is to ACS for a value of 380 million euros.
• Icade cedes part of her Italian health real estate portfolio for 173 murder.
• Pox in receivership.
• The main publications of the day : Hexaom… the rest here.

In the vast world

Important ads (and less important)

D’Europe

• Orsted is launching a capital increase of 8 billion euros (60 billion Danish crowns).
• Rolls-Royce gives up its peak British pension fund as part of an operation of 4.3 billion pounds sterling.
• Spectrone puts an end to her recommendation of the Advent offer in favor of KKR.
• Mexico asks Adidas to pay after a Mexican-American designer launched an indigenous inspiration shoe.
• GLENCORE takes up the recycler of LI-CYCLE battery.
• EQT takes control of the South Korean company Remember & Company.
• Novartis announces that the two Phase III clinical studies on Ianalumab have reached the main evaluation criterion ukraine inflation come back center in patients with. Sjögren’s disease.
• Aryzta’s results drop to S1, the prudent annual objectives are confirmed.
• Nyxoah sleep apnea is approved by the American FDA.
• Moody’s retrograde vontobel in A3 and raises the perspective to Stable.
• Bain Capital studies the Finnish IPO Ahlstrom, specializing in fiber -based materials.
• The main publications of the day :  Plus500. Aryzta, Hypoport, Salzgitter…

North America

• NVIDIA and AMD will have to donate 15% of their income from flea markets in China in the United States in exchange for the green light to export, according to an American official interviewed by Reuters.
• Apple has won 13.3% over the week, its highest weekly percentage increase since 2020.
• Trump’s privileged target CEO, will go to the White House today, according to the WSJ.
• The Activist Fund Engine Capital has participated in beforeor. plans to push the Société de la Vie Sciences to sell or make significant changes, learned the WSJ.
• Bill ukraine inflation come back center Ackman proposes to merge Fannie Mae and Freddie Mac (Federal Home Loan Mortgage Corporation and Federal National Mortgage Association).
• Air Canada on -board agents are organizing national action to protest against their working conditions.
• Nexstar Media is in advanced talks to acquire his rival Tena, according to the WSJ.
• The main publications of the day : Barrick Mining. Franco-Nevada, AST SpaceMobile, Novelis…

Of Asia and elsewhere

• CATL would suspend the production of its lithium mine in China for three months for license issues, according to Bloomberg, which took off the Chinese and Australian lithium producers on the stock market this morning.
• SK Hynix provides annual growth of 30 % of the AI Memoirs Market by 2030.
• Santos extended the exclusivity period to the August 22 due diligence Given to a consortium led by the national oil company of Abu Dhabi (DNOC). which proposed $ 18.7 billion (8.89 AUD per share) to acquire the second producer of Australian gas.
• Rio ukraine inflation come back center Tinto is studying methods of extracting inexpensive potash in the deep wells that BHP has built in Canada in the past decade. Australian Financial Review reported on Monday.
• The current negotiations of the Brazilian petrochemical company Braskem in order to sell American assets have surprised one of its main shareholders. Petrobras, which required accounts.
• Keppel gives up his majority participation in M1 to Simba Telecom for $ 778 million.
• The main publications of the day : Itas.

The rest of the global publication agenda here.

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