Europe ends the week higher, self rising and Deutsche Bank won

© Reuters. Europe ends the week higher, self rising and Deutsche Bank won

by Laetitia Volga

PARIS (Reuters) – The european markets finished in the green Friday, in the wake of the automotive sector and in a context of decline of the euro, ending the week on a positive note in spite of the statistics of the employment american, half-tint.

In Paris, the CAC 40 finished up 1.05% to 5.470,75 points. He wins of 2.98% on the first week of the year.

The Footsie british took 0.37 percent, ending above 7.700 points for the first time in its history, and the German Dax has advanced 1.15%.

The index EuroStoxx 50 has gained 1.09 per cent, the FTSEurofirst 300 up 0.8% and the Stoxx 600 0,93%, an increase of 2.1% on the week for the latter.

At the time of the close in Europe, Wall Street moved higher, the Dow Jones standard of 0.35 per cent, the Standard & Poor’s 500 0.35% and the Nasdaq Composite 0.64 per cent.

The three major us indices have set new records at the opening and remained well-oriented, job creation lower than expected in December have been offset by the growth of the component of the wage statistics.

In Europe, the market has taken note of the slight slowing of inflation in the euro zone, in line with expectations of economists, while the core inflation (excluding food and energy) was a little higher than expected.

On the foreign exchange market, the euro lost 0.26 per cent against the dollar to 1,2032, contributing to the rise in equity markets. The dollar index, measuring the trends of the ticket in the face of a basket of reference currencies, gaining him to 0.15%.

DEUTSCHE BANK LARGEST DECLINE ON THE STOXX 600

The strongest progression (+2,06%) returns to the compartment of the automobile, which is continuing its rally in the stock market, buoyed by a study from JPMorgan (NYSE:JPM), which predicts a good year for the 2018 to manufacturers as to suppliers.

Peugeot (PA:PEUP), entered in the list of preferred values “Analyst Focus List” of the intermediate, finished at the head of the CAC. He won 4,35%, its strongest increase since April of 2017. Renault (PA:RENA) was awarded in 2.32% and Europcar (PA:EUCAR) of 3.79%. Fiat Chrysler has advanced 6.35% and Volkswagen (DE:VOWG_p) of 2.73%.

The compartment bank has finished barely in the green (+0,01%), hampered by the fall of Deutsche Bank (DE:DBKGn) (-5,16%).

The German bank expects a small net loss in 2017, due to a poor performance in terms of trading activity of the customer is low and a negative impact of 1.5 billion dollars (1.25 billion euros) related to the tax reform in the United States.

Several biotechnological rose following a positive opinion from Jefferies on the sector in 2018. Ipsen (PA:IPN), Ablynx and Genmab have gained 2.7% to 6.3%.

The health sector took him to 1.58 per cent. Bayer (DE:BAYGN) up 3.8%, analysts from Citi stating that the probability of a completion of the redemption of the american Monsanto (NYSE:MY) this quarter was increasing.

Within the CAC Mid&Small, AB Science has jumped 8.62% after received Thursday a recommendation for the continuation of the study on masitinib in the treatment of multiple sclerosis progressive.

On the oil market, Brent crude is trading under 67,50 us dollars per barrel and the light crude to u.s. West Texas Intermediate, WTI) lost 1.2 percent after the highest of the more than two and a half years affected these last days, the increase of the production in the United States promoting the profit.

(edited by Wilfrid Exbrayat)