Thursday, February 5, 2015

The Paris Bourse resist after the twists folder … – Le Point

The Paris Bourse resist after the twists folder … – Le Point

The Paris Bourse ended in the green Thursday (+ 0.15%) for a fourth consecutive session, showing resistance to the tub in the renegotiation of Greek debt.

The CAC 40 index took 7 points to 4703.30 points managing to stabilize above the symbolic threshold of 4,700 points in trading volume provided 4.2 billion euros. The day before he had finished up 0.39%.

The Paris Bourse opened sharply down but gradually turned the corner during the session, eventually finding some support in a startup slightly up on the New York Stock Exchange.

“After a somewhat complicated opening, the markets do not seem to be so vulnerable to the Greek case,” said Andrea Tueni, an analyst at Saxo Bank.

The ECB has put the knife to her throat Athens Wednesday night by depriving Greek banks an important funding channel, forcing the Europeans to agree under penalty of funding crisis of Greek state.

The decision “returns to the States, on governments, responsibilities and that is legitimate,” said Thursday the head of the French State Hollande also said that ” the role of France is to find a solution “to the financial situation in Greece.

” The uncertainties in the short-term financing of Greece generate volatility, “said his side the team of CMC Markets France.

But the reaction is not so strong, analysis John Plassard, Mirabaud Securities, for which the markets have anticipated that “discussions between the new Greek leaders and members of the Troika would not be easy. “

The Greek and German finance ministers Yanis Varoufakis and Wolfgang Schäuble found Thursday at a press conference disagreed on many points, reported not finding solutions to the problem in the euro area.

At the same time, the ECB is willing to lend up to 60 billion euros in emergency loans to Greek banks according to a source close to the central banks.

In the field of values, the banking sector ended under pressure, under the impact of the decision of the ECB in respect of Greek banks. Societe Generale lost 0.91% to 36.82 euros, BNP Paribas has recorded the largest loss of the CAC 40 (-3.69% to 47.01 euros) also penalized by its publication date.

The group has overcome his huge American fine to finish 2014 in the green but the French bank could miss some of its objectives for 2016 due to an unfavorable environment.

At Conversely, Sanofi took 3.60% to 84.53 euros by announcing a net profit up 18.1% in 2014 to 4.4 billion euros, with sales up 2.5%, supported in particular by the diabetes business, public health and the US subsidiary Genzyme.

cc / fpo / jpr

EURONEXT

SOCIETE GENERALE

BNP PARIBAS

SANOFI

02/05/2015 17 : 56: 28 – Paris, February 5, 2015 (AFP) – © 2015 AFP

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