Market: towards a moderate decline at the opening

© Reuters. Market: towards a moderate decline at the opening

The Paris Bourse is expected to open on a moderate decline Wednesday morning, with investors cautious approach to monetary policy decision from the federal Reserve scheduled in the evening.

To 8: 15, the future contract on the CAC 40 index – maturity December – folds down to 8.5-points to 5419 points, announcing a slight decline at the opening.

The last meeting of the Fed this year will also be punctuated by the last press conference of Janet Yellen, who will pass the presidency of the institution to Jerome Powell in early 2018.

Economists agree that the federal Reserve will announce this evening a new increase of a quarter of a point from its key interest rate, while opening the door to three rounds of additional screws in 2018.

These prospects seemingly already well integrated into the course, this should not prevent the council from out of the corridor 5350/5400 points in which it végétait since 16 November, that is to say, four weeks.

Yesterday, the paris market had soared 0.75% to close at the highest of the day, 5427 points, beyond the resistance of 5420 points.

If the upward movement should continue in the favor of a few skins balance sheet as of the end of the year, the 5500 points could be quickly in view.

Has Wall Street’s three major indices have registered, without surprise, a new record closing yesterday, but the situation could change with the election of democrat Doug Jones facing republican Roy Moore in the outcome of the senatorial elections in Alabama.

‘This brings the republican majority in the Senate to 51, compared to 49 for the democrats, compared to 52-48 before, while negotiations on tax reform in full swing’, is concerned about an operator.

‘Investors may well begin to say that the adoption of the tax reform will become more difficult’, says the professional.

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