Paris: in the green and against everything. – Boursorama

Paris: in the green and against everything. – Boursorama

(CercleFinance.com) – The CAC 40 is in positive territory for the second session in a row, driven notably by the optimism of American investors, despite rather disappointing macroeconomic statistics

to 16.00. The main Paris index wins 1.1% to 4,253 points.

The Paris Bourse and European markets as a whole are supported by the strength of American equity markets, which closed higher yesterday and continue to gain ground shortly after opening.

The operators also continue to speculate on further actions by the ECB, after the ‘package’ of measures adopted in June, considering the poor digit growth in the euro area in the second quarter.

‘Sirens calling for the ECB to become even more deafening’ analysis does one at CMC Markets, and if the assumption of additional measures at this stage seems improbable ‘point of view the analyst, it is according to him the obvious that Germany and its central bank are increasingly isolated.

In other words, proponents of fiscal discipline have reason to worry do, while the French executive called Brussels to loosen the grip of rigor and the negative growth in Germany after the last three months testifies to some limitations of this vision.

Always on the macroeconomic front, the Western markets have learned this afternoon of several indicators which, although disappointing overall, did not question the uptrend. Among them, the producer prices in July, which increased 0.1%, 0.1 percentage point lower than expected, and the Empire State index of the New York Fed in August, down 25 6 to 14.7 points against 15.5 percentage points expected by economists.

Industrial production in July, she rose 0.4%, 0.1 percentage point higher than expected, while the index of consumer confidence in August of Michigan disappointed, reaching 79.2 against 81.7 expected items by consensus and after 81.8 last month.

On the geopolitical , the words of Vladimir Putin to the effect that his country should not ‘cut the rest of the world’ were somewhat reassured, but tension remains very strong at the Ukrainian border where a convoy, presented by the Kremlin as a humanitarian, but object heavy suspicions on the west side, always waiting to cross the border.

Finally, with regard to values, EDF sign, by far the largest increase in the CAC 40 (3.9% to 25 euros ).

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