The Paris stock Exchange ended higher on Friday (+0,20%), except in a series of declines since the beginning of the week, the investors still remains in limbo before the inauguration speech of Donald Trump.
The CAC 40 index took 9,53 points to 4.850,67 points, in a trade volume fed of 4.4 billion euros. The day before, the parisian market had disposed of 0.25%.
Among the other european markets, London has lost 0,14%, while Frankfurt has gained 0.29 per cent. The Eurostoxx 50 has risen by 0.28%.
odds paris has started the session lower but then resumed to maintain the tone positive, supported by a start up at the New York stock Exchange.
The index closes in the calm of a week “generally bearish”, tells the AFP Daniel Larrouturou, deputy ceo of Blue Diamond Management.
The CAC-40 was down 1,46% since the beginning of the week, and 0.24% from the beginning of the year.
investors remained in waiting for the inaugural address of the 45th president of the United States Donald Trump, that took place after his swearing-in.
“The market has mounted a lot just after the election on expectations of a massive plan of stimulus” and tax cuts, said Mr. Larrouturou. It is now waiting to see if these ads will also come to fruition, ” he stressed.
The team of the new us president announces for the beginning of next week a series of decrees aimed at defeating a part of the record of his democratic predecessor (climate, immigration, etc) and to draft his administration. He could sign a few as soon as Friday.
Several elements have also come to influence the odds, like the “degradation of the bond market” that benefits in particular the banking sector, while the “increase and relatively high price of the barrel removes most of the values of oil on the rise,” says Mr. Larrouturou.
In addition, the growth figures in China have been “taken well by the markets”, eschewing “short-term fears of a significant decline” in the country, ” he adds. The gross domestic product (GDP) has swelled from 6.7% last year, the lowest since 1990. The country’s industrial production grew 6% over the same period.
In the eurozone, the professional forecasters surveyed every quarter by the ECB have raised their forecasts for inflation for 2017 and 2018, largely due to the increase in oil prices.
On the basis of values, Edenred has lost 1,57% 19,70 euros after the announcement of the takeover of the German company Union Tank Eckstein (UTA), specialized in the cards-fuels for fleets of heavy vehicles. In addition, the luxembourg company Colday E, controlled by the investment fund Colony Capital, has completed its exit of the capital of Edenred.
The values related to the petroleum sector have hit the market with a Total of (+1.05% to 48,12 euros), Vallourec (+3,41% to 6.80 euros), or CGG (+7,83% 10,61 euros).
For its part, BNP Paribas has increased from 0.50% to 60,06€, while Société Générale took 0,31% to 45,84 euros, Credit Agricole finishing stable (+0.04% € 12.39).
JCDecaux has dropped 0.83% to 29,31€, penalised by a downgrade of its recommendation to “hold” from “buy” previously by Jefferies.
EDF has won the 2.66% to 9.56 rest of euros, after having borrowed in Japan 137 billion yen (€1.1 billion) through bonds called “samurai” that have a maturity of 10 years and more, a record for this type of products.
Compagnie des Alpes took a 1.15% to 19,40€, supported by an increase in turnover of 8.9% in the first quarter of its financial year 2016/2017 begun in October, despite the lack of snow that affected the start of the season.
Amplitude Surgical has increased due to the effect of (+5,87% to 4.33 euros) of the green light from u.s. health authorities for commercialization in the United States for its total knee prosthesis.
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