The Paris Bourse leaves the ECB to regain the Fed – Boursorama

The Paris Bourse leaves the ECB to regain the Fed – Boursorama

The Palais Brongniart, former Paris Stock Exchange (AFP / File / Fred Dufour)

Galvanized by the aid package from the European Central Bank in the euro area, Paris Stock Exchange will seek to stay positive, between the election in Greece and a meeting of the US central bank.

“The market could take a break, it would be logical” after the rapid progression he has known since early January, said Isabelle Enos, deputy director of management at B * capital (BNP Paribas Group ).

Since the beginning of the year, the market gained 8.61%. Within a week, he earned 5.96% and finished at 4,640.69 points on Friday.

However, the market has removed the “main concern” that weighed on him since the beginning of the year, namely the establishment or not of an extensive plan to support the economy of the euro area by the ECB says Ms. Enos.

This was “a risk area because expectations were high but have been provided,” she explains.

Determined to counter the risk of deflation and stimulate the economy in the euro area, the ECB announced Thursday massive redemptions of debt, which will amount to at least 1.140 billion euros.

The Governing Council “has decided to launch an expanded program of asset purchases” public and private, said Thursday ECB President Mario Draghi during a press conference in Frankfurt, launching an offensive awaited monetary facing the recurrent weakness of price developments in the euro area.

These purchases will be staggered at 60 billion euros a month from March 2015.

“The envelope will eventually go beyond what we could imagine,” notes Renaud Murail, manager at Barclays Stock Exchange. Thus, the market did not react as expected in “selling the new” but he continued to advance, he said.

– The markets focused on the Fed –

Also, “investors are not at all distressed by Greece whose obligations will be affected by the ECB’s plan,” continues the Manager.

Sunday Greek voters will make a historic choice: re-elect a widely discredited government, but experienced, or be the first in Europe to try the “no” to austerity, bringing to power the Left Party radical Syriza.

After a while reappeared, fears of leaving the country in the euro zone have faded.

Apart from the Greek elections, markets should remain focused on central banks that remain on the front of the stage next week as the US central bank (Fed) in turn keeps its monetary policy meeting .

appointment “should also serve the markets,” said John Plassard, Mirabaud Securities.

eventual comments by the president of the monetary institution Janet Yellen on “the adverse impacts of the collapse of oil prices (in particular on employment in the US) could somewhat surprise investors, “he anticipates.

The markets expect the Fed announcement, sooner or later, a rise in policy rates to suit the economic recovery in the process of s initiate the United States.

The indicators of the week will be scrutinized in the light of announcements by central banks.

In the US, the first estimate of growth in the fourth quarter is expected while in the euro zone, investors will pay attention to the first estimate of inflation for the month of January.

Finally, business publications season is “getting into the thick of things” in the United States next week including Microsoft and Apple to the calendar and start gradually in Europe.

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