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By Matthieu BAILLY, Deputy CEO at OCTO Asset Management
The publication season continues, particularly for midsize companies, which generally unveil their results after the banks and the bluechips corporates. While we are not going to reassure our readers by detailing each of these publications and asserting that 1/ companies are cautious because of uncertainty, 2/ publications are generally good and without surprises, with margins and sales holding firm, 3/ average leverage is falling steadily, this time we will look at them by theme in an attempt to see a little more clearly the macro-economic trends to come. There are essentially two themes that we have identified this week.
Firstly, many cyclical consumer companies, such as this week's...
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