The Paris Bourse remained dynamic (+ 0.74%) after the debut in the red on Wall Street optimism about a deal between Greece and its creditors have even brought the index briefly above 4,800 points.
At 3:35 p.m. (1:35 p.m. GMT), the CAC 40 index took 345.19 points 4,789.18 points in a trade volume of 2.1 billion euros. The day before he had finished at equilibrium (0.04%).
The Paris market opened higher, before accelerating the pace from time above 4,800 points the first time since June 9, 2008.
“The banks, encouraged by the results of Crédit Agricole and the prospect of an agreement (which is slow in coming) between Brussels and Athens, leading European indices” , noted analysts Aurel BGC.
Despite the uncertainties surrounding the negotiations, “the markets continue to bet on an agreement,” said the broker.
The Greek government has decided to take a step closer and announced Thursday that he will table its request for extension of the “financing” European, it continues to clearly distinguish the “Memorandum”, this assistance program to Greece ongoing since 2010 and associated with very stringent austerity measures, according to a Greek government source.
“Greece remains in the spotlight and will continue to fuel short-term volatility, while the European Central Bank holds its weekly meeting on maintaining the provision of emergency liquidity “to banks, watch for them strategists at Credit Mutuel-CIC.
Investors will pay close attention to this event -you at which the ECB needs to review its emergency loans ELA vital to Greek banks.
They will also monitor the minutes of the last meeting of the US Federal Reserve (Fed) , expected after the close of European markets, on the lookout for any signs of higher interest rates, in 2015.
More generally, “the flow remains favorable to equity assets in Europe,” says Franklin Pichard, director of Barclays stock.
Investors buy European equities in view of the March launch of the asset purchase program of the European Central Bank (ECB) for the fight against deflation and to revive growth in the euro zone.
As for indicators in January in the United States, producer prices registered a record fall due to the continued decline in energy prices, Housing starts also declined and industrial production has been limited rebound.
Finally, the market rose through good quality of business publications.
Technip took 1.63% to 58.71 euros, the market hoping for improved results 2015 after a difficult year in 2014.
Crédit Agricole jumped (+ 6.72% to 12.78 euros), with a net result, albeit declining, but better than expected in 2014.
M6 was also up sharply (+ 6.89% to 17.83 euros) in favor of an annual net profit up, better than expected.
PSA Peugeot Citroen won 4 85% to 14.15 euros, the automaker having four divided by its net loss in 2014.
Bolloré took 3.15% to 4.62 euros, supported by about a US investor .
Vivendi took 0.55% to 20.93 euros after receiving a firm offer for its 20% stake in SFR, Numericable (+ 4.68% to 51.64 euros) for about 3.9 billion.
Numericable-SFR also warned that its results and its 2014 activity would mark a decline in “pro forma” over a year.
In contrast, Coface lost ground (-4.41% to 11.28 euros), having seen its net income fell 1.8% in 2014.
- Euronext (CAC 40 )
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