The upward trend in mid-session European shares – Boursorama

The upward trend in mid-session European shares – Boursorama

THE EUROPEAN EXCHANGES UP TO MID-SESSION

PARIS / LONDON (Reuters) – European shares remain positive at mid-session, relieved by the victory of the “no” in the referendum on Scottish independence while Wall Street is expected to rise with the IPO of Alibaba

This “relief rally” primarily benefits the Madrid Stock Exchange -. that outperforms London (0.67%) and Other major European markets -. possible in a referendum on Catalonia perspective

In Paris, the CAC 40 gained 0.11% or 5.02 points to 4,469.72 Points to 10:35 GMT while in Frankfurt the Dax takes 0.65%. In London, the FTSE rose 0.67% and the Ibex of the Madrid Stock Exchange ahead of 0.81%. The European indices EURO STOXX 50 and FTSEurofirst 300 gaining 0.42% and 0.67% respectively.

New York futures indexes point to a Wall Street opened up with variations ranging from 0.34% for the S & amp; P-500 and 0.66% for the Dow. Investors will be watching Alibaba, which will be the first day of trading. Chinese online retail giant has set at $ 68 per share price of its IPO, which could be the largest ever made.

The Scots rejected independence of their country by voting Thursday in a clear majority (55.3%) in favor of keeping in the UK, an acclaimed British and European leaders outcome.

“I am happy today, the risk is back, everyone is happy today, “said Geir Lode, head of equities at fund manager Hermes in London. “We Scotland, Alibaba is huge, what could be better.”

On the currency markets, the pound hit a high of two years in the face of euro at 78.10 pence and climbed above $ 1.65, before surrendering its gains against the dollar.

In this context, the yields of Spanish sovereign debt to ten years declined, markets whereas the “no” quiet Scottish separatist tendencies in Catalonia.

The Paris Bourse, which erased most of its gains of the morning, suffering perhaps the prospect of a deterioration in the sovereign rating of France by Moody’s, which is to decide on Friday. France is currently rated Aa1 with a negative outlook and analysts are not surprised by a deterioration in particular because of the skid deficits.

Values, SAP loose 3.11% after announcing the acquisition of American society Concur to about 8.3 billion dollars (6.4 billion euros).

In London, Royal Bank of Scotland bank, based in Edinburgh, wins 3% and insurer Standard Life gained 1.4%.

Glaxo SmithKline takes 1% despite the fine of three billion yuan (380 million euros) imposed by China for bribery.

In Telecom, Vivendi wins 0.62%, 1.48% Telefonica and Telecom Italia 0.66%. The French group has entered into an agreement to sell its Brazilian nugget GVT Spain’s Telefonica, which should bring him 4.7 billion in cash while providing a running capital of the Italian operator.

(Mathilde Gardin for French Editing by Wilfrid Exbrayat)

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