The main European stock exchanges are moving towards a cautious opening, with global markets trying, however, to archive the first half of the year in positive territory.
In the foreground, the macro indications pending during the day. After the updates coming from China and Japan, inflation is expected in France and Italy, but also the unemployment rate in Germany. For the euro zone, eyes on the preliminary estimate of inflation for June. The first indications from the US job market in June also arrive, with the publication of the ADP survey for private employees. Ahead of Friday’s appointment when the US Department of Labor will announce the monthly update on non-farm payrolls, unemployment and wages.
At company level, EssilorLuxottica needs to be monitored. The board of directors has approved the completion of the acquisition of 76.72% of GrandVision held by HAL. In the note, EssilorLuxottica announces its decision to proceed with the acquisition of 76.72% of GrandVision at the price of € 28.42 per share, as envisaged in the agreements signed on July 30, 2019. The completion of the acquisition will arrive on July 1. 2021, under the terms and conditions set out in the agreements signed on 30 July 2019.