© Reuters. THE EUROPEAN STOCK MARKETS END HIGHER
by Patrick Vignal
PARIS (Reuters) – The main european stock Exchanges have ended Thursday on the rise, investors welcoming with relief the announcement of a rebound in inflation is less pronounced than expected in the United States and the tone relatively quarters adopted by the Bank of England (BoE).
These two signals have eased the fear of a revival of price, which would lead the major central banks to tighten their monetary policies. They have also eclipsed for a time with the tension related to the decision of Donald Trump to pull out of the United States of the agreement of 2015 on the iranian nuclear issue.
In Paris, the CAC 40 gained 0.21 per cent to 5.545,95 points. The Footsie british took 0.5% and the German Dax was 0.62%.
The index EuroStoxx 50 ended unchanged, as the FTSEurofirst 300 and the Stoxx 600 transferor everyone was 0.12%.
These indices have been penalized by a decrease of 0.96% for the Milan stock Exchange, concerned about the prospect of the arrival to power of an alliance and populist, the Movement 5 Stars and the League has announced that it has taken significant steps in order to form a government.
The increase in shares in the euro zone would have been without a doubt the most net without a rebound of the euro, which takes about 0.35%, around 1,189 dollar, at the same time a decline of the us dollar against a basket of currencies of reference.
At the time of closing in Europe, the major indices of Wall Street take around 0.7%.
THE BOE SAYS IT WANTS TO WAIT
Consumer prices in the United States have modestly rebounded in April, reflecting a steady increase in inflation which should keep the federal Reserve on its path of gradual tightening of its monetary policy. The index of consumer prices (CPI) rose 0.2% last month after declining 0.1% in march, announced on Thursday that the department of Labor.
The dollar widened its losses, the yield on government bonds us 10-year has declined and the futures contracts on indices of Wall Street rose after the publication of this statistic.
The other event of the day was the meeting that money from the BoE, which left its main rate unchanged and said it would wait before the face, of the tangible signs of acceleration in economic activity after the disappointing growth recorded in the first quarter.
The british pound declined to a low of four months against the dollar and the yields on british bonds at two and 10 years lose more than four basis points after these announcements.
On the side of the european stock markets, oil and gas, which had been close to 2.9% on Wednesday and earned the european markets on the rise, has been taken to earnings. His index Stoxx reference shows a decline of 0.86%, due in part to a decline of 3.73% of TechnipFMC (PA:FTI) – the largest decline of the CAC – after its quarterly results, down from a year ago.
The compartment of telecom has abandoned itself to 0.9% with the fall 7.36% BT Group (LON:BT) in response to the announcement of 13,000 job cuts, or nearly one in seven jobs. The historical operator in the uk has recognized that it would take up to three years to revive profit growth.
The price of oil stabilize after a lot of climbing up and have supported the overall actions, which allowed Thursday, the MSCI index of world stock markets returning to positive territory for 2018.
(Edited by Juliette Rouillon)