Thursday, January 19, 2017

Analysis AOF closing France/Europe – Slight decline in the CAC 40 before the inauguration of Donald Trump, ZODIAC flambe, Le Figaro

(AOF) – The european markets finished slightly down on the eve of the investiture of Donald Trump. If the indices have increased since the beginning of November thanks to the campaign promises of Donald Trump to invest in infrastructure and lower taxes, they now await his actions. Investors thus prefer the caution that the new administration announced its first steps. In Paris, Zodiac blazed after the TAKEOVER of Saffron. The CAC 40 closed down 0.25% to 4 841,14 points and the EuroStoxx 50 has disposed of 0.11% at 3 290,33 points.

In Europe, Ahold, Delhaize has earned 5,92% to 20,68 € and dominates the index, the Dutch AEX having taken the measure of the risk of deflation which weighed on its business in the United States, its principal market. Thus, in the fourth quarter of its financial year 2016, the distributor, the belgo-Dutch has seen sales of its brand Delhaize US grow by 2.2% in comparable at 3.96 billion euros. On their side, those of Ahold USA decreased by 0.2% on an organic basis to 5,59 billion euros. Analysts had been pencilling in an increase of 0.9% for the first and a decline of 0.2% for the second.

After years of expectations and a failure in 2010, Saffron is finally able to offer Zodiac Aerospace to create a global giant of the aerospace with a combined sales of 21.2 billion euros. A friendly TAKEOVER bid of 8.55 billion euros, which attracts investors. If Zodiac, the target jumped 22,91% to 28,65€, the predator, Saffron, dropped by 5.43 per cent to 63,62€. The shareholders of Zodiac will 29,5 euros per share, representing a premium of 26.4% over the course of 23,310 euros as at the close of Wednesday.

The manufacturers of cognac revel in the good news. In the third quarter of its non-calendar fiscal year 2016/2017, that is, during the three-month period ended at the end of December, sales of Rémy Cointreau (+6,39% 87,08€) jumped 9% to $ 323.3 million euros, against +7.4% in the previous quarter. Analysts were expecting on average an increase of 4.2%. Over nine months, the sales of the number two French wines and spirits reached 836,7 million, a growth of 6%. Rémy Cointreau has benefited from the renewed enthusiasm of the Chinese for its cognac high-end.

The figures of the macroeconomic of the day

As expected, the european central Bank announced it had left its monetary policy unchanged. “The governing Council expects that the interest rate remains at its current level or lower for a long period of time, and well beyond the duration of the asset purchase program”, said the release. Specifically for this program, the ECB confirmed that it would go from 80 to 60 billion euros per month from the month of April and until December 2017, or beyond if necessary.”

1,226 million starts were recorded in December in the United States against a consensus of 1,193 million after 1,102 million in November (revised figure of 1.09 million). In addition, to 1.21 million building permits were issued in December, against a consensus of 1,217 million and after 1,212 million in November (revised figure of 1,201 million).

The manufacturing index of the Philadelphia Fed came in to 23.6 in January against a consensus of 15.3 and after 19.7 in December (index revised 21.5).

in The United States, 234 000 new listings weekly jobless claims were recorded during the week ending January 14. Economists had forecast 252 000 after 249 000 (revised figure of 247 000) in the previous week.

Around 17: 30, the euro rating 1,0625 dollar, down 0.08%.

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