Wednesday, February 17, 2016

Disappointed by the agreement on oil, the Paris Bourse ends down slightly – Boursorama

The Palais Brongniart, former Paris Stock Exchange (AFP / File / Stephane SAKUTIN)

The Palace Brongniart, former Paris Stock exchange (AFP / File / Stephane SAKUTIN)

The CAC 40 index lost 4.59 point to 4,110.66 points in moderate trading volume 3.8 billion. The day before he had finished up 3.01%.

Among the other European markets, Frankfurt lost 0.78% while London took 0.65%. Furthermore, the Eurostoxx 50 yielded 0.44%.

The Paris market was open in the right mood before turning back, weighed down by the announcement of an agreement between the Saudi Arabia, Russia, Qatar and Venezuela to freeze production at its January level.

“the market expected a reduction in oil production levels, or it is simply gel “, which disappointed investors, summarizes AFP Alexande Baradez, an analyst at IG France.

Shortly after opening in New York, oil prices were hesitant, without reacting enthusiastically to the agreement reached in Qatar.

Andrea Tueni, an analyst at Saxo Bank “it is not surprising to see a market caution,” especially after a strong rebound recorded the day before the end of last week.

However, the market has not been very bearish, AFP believes Mr. Baradez, adding that “it has oscillated all day in a relatively neutral zone, sometimes positive, sometimes negative,” in the absence of catalyst.

in addition, some indicators weighed on the trend. Confidence among German financial circles, as measured by the ZEW barometer, dropped in February, although it was not a surprise.

The decline of this indicator is linked to concerns generated by the plunge in prices oil and questioned the soundness of the global banks.

in the US, manufacturing activity in the New York area remained in negative territory in February for the seventh month in a row this did not help the Paris market. The balance of long-term invested capital flows turn is ironed in the green in November.

Among the values, EDF jumped 9.51% to 11.28 euros, investors welcoming its good operating performance despite a net income divided by three.

Orange took 0.13% to 15.38 euros, taking advantage of a net profit multiplied by almost three in 2015 compared to 2014, to 2.65 billion euros, while discussions for a rapprochement with Bouygues Telecom “continue”.

Ipsen conversely lost 1.50% to 48.00 euros, hit by the change in the leadership of the group in search a new general manager.

Air Liquide has not benefited (-4.84% to 91.83 euros) net profit in 2015 increased by 5.5% to 1.76 billion, in line with its target, hit by lower dividend expectations, despite a strong 2015.

Michelin took 3.35% to 84.43 euros, supported by net profit up 12.8% in 2015 to 1.16 billion euros, improving its operating profitability despite a price war on the tire market.

Airbus was up 0.75% at 53 78 euros, boosted by updating its 2015 order book including 44 aircraft whose orders were the very end of last year, bringing to 1,080 net aircraft orders last year, worth 141.6 billion.

Aéroports de Paris (ADP) has earned 1.16% to 105.00 euros, while Paris-Orly and Charles de Gaulle-registered in 1 January traffic up 0.9% from the same period a year ago, announced Monday their manager.

Gameloft has gained 1.20% to 5.06 euros. Guillemot family, founder of the French publisher of mobile games, continued its share purchases to try to counter the giant Vivendi media entered the capital in a “unsolicited”, according to a notice released Monday by Autorité des marchés financiers (AMF)


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