(AOF) – The European markets fell slightly in mid-session after recent gains. Investors can not find catalysts or the business side, the publications are rare, nor the oil side is almost stable or economic data. Growth in the eurozone is indeed emerged in line with expectations. Wall Street with retail sales and consumer confidence should decide on the final trend. Around 12:15, the CAC 40 is crumbling from 0.01% to 4 503.56 points, and the EuroStoxx 50 yields 0.07% at 3 047.04 points.
In Europe, Action AP Moller-Maersk rose 4% to 365 Danish kroner, its quarterly results being considered reassuring. Second-quarter net income of shipping company and oil-production exploration has yet dropped 90% to $ 101 million while operating income declined 57% to $ 656 million. The latter is however emerged above the Reuters consensus of $ 525 million.
In Paris, CGG (+ 7.11% to 22.60 euros) and Technip (+ 2.53% at 51 , 52 euros) have both more increases in the SBF 120 index in the wake of oil prices. They have rebounded sharply yesterday, allowing Brent to reach 46.06 dollars this morning and that of WTI 43.63 dollars. They were supported in particular by the statements of the Saudi oil minister, Khalid al-Falih, who discussed possible action of his country to balance the market if the need arose, according to the Wall Street Journal.
Prologue quarterly business figures allow it to post the largest increase in DTH market with a gain of 11.70% to 1.05 euro. He realized in the second quarter 2016 a consolidated turnover of 19.44 million euros, up 232%, “devoting again the dimension of change since a year.”
the macroeconomic figures of the day
the seasonally adjusted GDP increased by 0.3% in the euro area and by 0.4% in the EU in the second quarter from the previous quarter, according to flash estimate issued by Eurostat, the statistical office of the European Union. The growth of the euro area in line with expectations. During the first quarter of 2016, GDP had grown by 0.6% and 0.5% respectively.
German growth rose to 0.4% in the second quarter after 0.7 % in the first three months of the year, announced Destatis. It is superior to expectations, Reuters amounting to 0.2%.
The Italian GDP remained stable in the second quarter after rising 0.3% in the first three months of 2016 , announced the Institute of Statistics, Istat. His performance is disappointing, the Reuters amounting to 0.2%.
Consumer prices rose 0.4% in July yoy Germany, announced Destatis. This new estimate of inflation in line with expectations. The index of prices HICP, which allows comparison with other European countries, rose 0.4% in July, both compared to June than a year.
The adjusted industrial production seasonal variations increased by 0.6% in the euro area and 0.5% in the EU in June compared to May, according to estimates from Eurostat, the statistical office of the European Union. It is higher than the Reuters consensus of + 0.5%. In May 2016, industrial production fell by 1.2% and 1.1% respectively.
In the US, retail sales in June and output prices will be known in July 2:30 p.m. ET will be followed by the first estimate of consumer confidence in August by the University of Michigan and business inventories in June at 16 hours.
at the mid-session, the euro gained 0 12% to 1.1150 dollar
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