The Paris Bourse rebounded strongly (+ 2.19%) on Tuesday in unusually high volumes, investors are showing temporarily reassured by the possibility of a solution to the crisis in Russia and some relief on the market of oil. The CAC 40 index took 87.82 points 4 093.20 points managing to hold above the symbolic threshold of 4000 points in a volume of very fed exchange 7 billion euros. The day before he had won 2.52% due to concerns about falling oil prices. The market has continued to change direction abruptly during the session, alternating progressions and sharp declines. For its part, the New York Stock Exchange opened downturn.
A combination of factors, including the holding of early elections in Greece, the Russian crisis and the falling oil prices, contributing to “create negative cocktail New Year” said Alexandre Baradez an analyst at IG France. The market eventually departed ahead especially after the Leader of American diplomacy, John Kerry, for whom rapid lifting of Western sanctions against Russia “depends on the choices” of Russian President Vladimir Putin. He noted “constructive progress” of the Russian authorities in recent days. “The markets have taken note” of those who participated in about speeding up, according to Alexandre Baradez.
“Lowering the pressure”
According to him, investors will remain alert to “any statement to ease the pressure.” These movements should, however, “remain the order of the episode” and not “a concern for the markets in 2015,” he says. Furthermore, said Renaud Murail, manager of Barclays stock, there is “a clear correlation between stress of the market” and movements is that oil prices are “back on the rise,” bringing with them the actions, relieved by rebound. “In the medium term, the decline is good news, but in the short term, it creates arbitrage,” he continues.
The decline in oil prices “is what triggered the downward movement,” says his side Frederic Rozier, a management consultant at Meeschaert Private Banking. According to him, the fall of the ruble is a “consequence” is bearish on oil prices. The number two of the Russian Central Bank said it was “critical” situation of the ruble in free fall for the second day in a row, promising new measures after the interest rate hike that has not calmed the market.
As for values, Orange took 3.70% to 13.74 euros, boosted by the announcement of exclusive negotiations between the group and its German partner Deutsche Telekom on one side and the British BT Group the other, to yield to it their UK subsidiary EA. Exposure values to Russia have been weakened in the image of Tarkett (- 5.21% to 18.20 euros), Societe Generale (- 0.52% to 34.18 euros) and Renault (- 0.72% to 57.62 euros).
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