Wednesday, January 21, 2015

Bourse Paris: the CAC 40 still down after Wall Street – Romandie.com

Bourse Paris: the CAC 40 still down after Wall Street – Romandie.com

Bourse in Paris the CAC 40 still down after Wall Street

Paris (awp / afp) – The Paris Bourse remained in the red Wednesday (-0.12%) after the first steps down Wall Street, caution taking precedence on the eve of a crucial meeting of the European Central Bank.

4:14 p.m., the CAC 40 lost 5.16 points 4,440.86 points in a volume of exchange of 3.1 billion euros. The day before he had gained 1.16%.

The Paris stock exchange opened higher but quickly lost some ground after jumping 5.28% in the last four sessions.

The site experienced a sudden onset of fever in the afternoon after news reports citing asset purchases by 50 billion euros per month until the end of 2016 before returning fast enough in the red.

The market table more than ever on the announcement by the European Central Bank (ECB) at its meeting on Thursday, a buyback program Asset large scale, expanded to sovereign debt in order to fight against eurozone deflation risks. But the risk of disappointment grows proportionally.

“Now what will count is the amount of the program,” said Christopher Dembik, an economist at Saxo Bank.

” 50 billion per month, or 600 billion, it is right in the consensus of analysts, “but” if the program is over two years is very good news, “he completed.

More generally, in a context of high volatility, such information can only exacerbate things, he has also noted.

“The markets are expecting a QE (quantitative easing program, ed), but they also expect it misses its target, “for their part felt Morgan Stanley analysts who have posted their” caution “about it, because” the specified options the ECB will involve different global scale programs. “

In a poor agenda indicators, investors remained focused on the ECB.

According to the minutes of the last meeting the Bank of England (BoE), the nine members of the Monetary Policy Committee voted unanimously in early January to keep its key rate at 0.50%.

Among the values, Alstom distinguished by the CAC head 40 (+ 3.50% to 28.37 euros) after confirming its annual targets and increased sales in the third quarter of the 2014/15 fiscal year.

Accor was also sought (+ 2.54% to 40.60 euros). The group recorded a slight increase of 0.5% of its turnover in 2014 and raised its target for operating profit to a “close to 600 million euros.”

SEB was suffering however (-1.06% to 58.82 euros) after the publication of rising sales in 2014 but penalized by the changes.

Unibail-Rodamco lost 1.72% to 234, 25 euros, hit by a lowering of recommendation from Goldman Sachs

afp / rp

(AWP / 21.01.2015 4:29 p.m.).

( AWP / 21.01.2015 4:29 p.m.) ^ ->
 


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