The CAC 40 index took 12.79 points 4380.03 points in a trade volume expanded slightly to 2.7 billion euros. The day before he had gained 0.61%, following a jump of 3.50%. Among other European markets, Frankfurt gained 0.55% and 1.23% London. Furthermore, the Eurostoxx 50 took 0.37%.
The Paris market, which faltered in early trading, straightened the bar afterwards, confirming its engaged late last week ascent , becoming more optimistic about the election’s outcome after deep concern risk Brexit.
However, while taking more than 1%, the CAC 40 has erased much of its gains end of the session after the publication of a poll showing few supporters Brexit in mind.
“the market has had a knee-jerk reaction after the poll but it does not necessarily change vision investors who do not want too involved before the vote, “told AFP Baradez Alexander, an analyst at IG France.
So far,” the market seems to position itself in favor of maintaining UK in the EU, “he notes, adding that his recent behavior” is atypical because it generally tends to follow one direction before important deadlines. “
But before that vote, “there were two very distinct phases, namely a significant decrease and then a recovery trend,” he said.
investors have indeed been tossed to by polls, changing foot when these have recently become less favorable to EU output.
Pro and anti-Brexit threw at least their last forces into battle to try to convince undecided on the eve of the referendum. According to the average of the last six holes, not including one published in the late afternoon, calculated by the site WhatUKThinks, maintaining in the EU wins 51% against 49% in the polls.
for their part, European leaders were trying to prepare for the post-referendum. François Hollande has announced that he will visit Berlin “next week”, whatever the result of the vote.
Meanwhile, tension could rise in the markets waiting for the first results. “Thursday’s session could be shaken so many rumors on the election outcome, which seems likely. But it is Friday’s session will be the most active of the week, “says the broker Aurel BGC.
Finally, side indicators, investors had little things to put in their mouths , appearing insensitive to the stronger than expected rise in home resales in May in the US.
Among the values, the financial sector has once again supported the market with Axa (0, 65% to 20.91 euros), BNP Paribas (+ 0.64% to 46.37 euros), Societe Generale (+ 0.94% to 34.49 euros) and Credit Agricole (+ 0.93% to 8 55 euros).
Air France-KLM rose (+ 1.11% to 6.37 euros) after the suspension of the planned strike this weekend, obtained by the future CEO Jean -Marc Janaillac.
Numericable, SFR declined (-1.05% to 25.06 euros). According to its owner Patrick Drahi, the telecom operator SFR, which had promised zero dismissal within three years following its takeover by Numericable, is overstaffed.
Zodiac lost 1, 72% to 21.94 euros. Major shareholders, representing 23% of the capital, have renewed their collective undertaking to retain their shares for a period of two years, some further linked by remaining an assignment agreement.
Tarkett gained 1.32% to 30.71 euros after a financing transaction of EUR 300 million in the form of a private placement
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