Monday, July 25, 2016

The Paris Bourse opens with caution a busy week wholesale appointments – Le Figaro

The CAC 40 index gained 6.90 point to 4388.00 points in a low volume of trade of 2.3 billion euros. Friday he had won 0.11%.

In other European markets, the Frankfurt Stock Exchange gained 0.50% and London lost 0.30%. Moreover Eurostoxx closed at equilibrium (0.03%).

The Paris market began the session close to balance, and then gained momentum in favor of a indicator better than expected in Germany, before finally become more circumspect.

“the week begins with renewed caution” due to both “the resurgence of tensions over Brexit” and “the due to a busy schedule “in the coming days with big indicators and meetings of US and Japanese central banks, summarized Baradez Alexander, an analyst at IG France.

the publication of a barometer Ifo German business morale “fairly good was the good news of the morning and allowed European indicators to accelerate,” said he detailed.

This indicator is indeed slightly deteriorated in July, but less than expected given the Brexit.

This indicator shows that “the German economy has not suffered too much from the British vote for Brexit” noted Jennifer McKeown, economist at Capital Economics.

“But the collapse of a leading indicator of sentiment in the UK for the second quarter”, published later, coupled with new statements of the chief Scottish Government, Nicola Sturgeon, in favor of independence, “marked the end of détente” and the Paris index “has not managed to find a second breath then,” continued Mr. Baradez.

dimension “is even more back to its natural caution that the week is very busy,” with growth figures in the second quarter, including the United Kingdom, in addition to central bankers meeting has -t he noted, seeing in it “a big week of post-Brexit test.”

According to him, it is especially the meeting of the Bank of Japan (BoJ) is eagerly awaited ” for it is one that generated the most expectations. ” But investors’ also wonder if the US Federal Reserve (Fed) would not also change the tone “and be less accommodative, since” all the recently published US statistics have proven to be good or very good “.

as for values, Sartorius Stedim biotech took 4.67% to 64.79 euros thanks to a first half better than expected and targets revised upwards.

SEB gained 7.07% to 122.65 euros, the market welcoming the first half results of the company as its annual guidance.

Air France-KLM a lost 2.32% to 5.26 euros, hit by a lowering of recommendation from Société Générale while the air hostesses and stewards of air France are called the strike from Wednesday for a week.

L’Oreal rose 0.37% to 175.20 euros after announcing the signing of a definitive agreement for the acquisition of the American brand of makeup and of skin care IT Cosmetics for $ 1.2 billion in cash.

EDF ended at equilibrium (+ 0.05% to 11 euros ). A court of the Central Committee (CEC) of EDF to try to prevent the Hinkley Point file (construction of two EPR reactors in the UK) is submitted to the Board of Directors of the planned electrician Thursday n ‘ has failed, the hearing has been set next week.

LVMH was up 1.51% to 144.45 euros, while the group announced the assignment to the G-III Apparel society ready-to-wear Donna Karan International (Donna Karan and DKNY brands), valued at $ 650 million (€ 592 million).

Maurel et Prom lost 1.74% to 2.82 euros. Canadian Court ordered the French oil company and the government of Quebec to honor their commitments with the Canadian company Petrolia, which they are associated to a shale oil project.


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