The Paris Bourse rebounds, in a little lively session – L’Express

The Paris Bourse rebounds, in a little lively session – L'Express

At 3:36 p.m. (2:36 p.m. GMT), the CAC 40 took 31.07 points 4,210.14 points in a trade volume of 1.6 billion euros. Friday, the market fell by 1.90%.

The start of the session was marked at the beginning with a tribute organized by the operator of the Paris Stock Exchange, Euronext, the victims of the attacks last week in the presence of the press reporters financial.

The Paris market opened higher and then rapidly accelerated before slowing the pace in the afternoon, while Wall Street was cautious in early trade.

The indices “ catch some of their losses on Friday with new rumors (…) to set up a QE (asset purchase program, ie) European , “says John Plassard, at Mirabaud Securities.

The investors expect the establishment of the European Central Bank (ECB) of a large asset purchase program at its meeting on 22 January, but questioned its terms.

The markets will by then pay attention to the opinion to be rendered Wednesday the European Court on the legality of the action of the ECB, which could remove one of the last uncertainties.

“ Although its decision is not binding, the opposite opinion of the European institution could seriously compromise the rapid implementation of sovereign debt buybacks ,” said Christopher Dembik economist at Saxo Bank.

But for now, “ can thus be seen that the theme of the volatility is still alive and that on January 12, we have already experienced almost as many sets of high amplitudes that throughout 2014 , “said Mr. Plassard.

The session was also devoid of any notable indicator, unlike the coming days will be marked by many US statistics, including inflation, industrial production and retail sales.

“ Today, the leading venue for the publication of results from Alcoa ” in the United States, which launches the earnings season after the close of European markets and American remind strategists in a note broker Aurel BGC.

Among the values, Arkema gained 1.73% to 54.16 euros, benefiting from an increase of recommendation by Citigroup, as PSA Peugeot Citroen (+ 3.47% to 10.59 euros) Bank of America-Merrill Lynch.

Sanofi took 1.42% to 75.94 euros. The European Medicines Agency (EMA) will review the application for authorization to market a cholesterol-lowering of the French pharmaceutical group and its US partner Regeneron.

Bureau Veritas (-2.95% to 17.43 euros) retreated after the announcement of a second acquisition in China since the beginning of the year with the acquisition of 70% of the Chinese company Ningbo Hengxin industrial control.

Meanwhile, oil stocks and oil services suffered a further decline in crude in the image of Total (-0.46% to 40.88 euros), Vallourec (-3, 92% to 19.36 euros), CGG (-3.06% to 4.72 euros), Technip (-3.82% to 45.94 euros) and Maurel et Prom (-3.22% to 6.98 euros).

Euronext (CAC 40)