© Reuters. THE SCHOLARSHIPS are being PENALISED BY RENEWED RISK AVERSION
by Patrick Vignal
PARIS (Reuters) – major stock markets of the euro area recede on Wednesday at mid-session and Wall Street is expected to decrease in a climate of risk aversion, with an upsurge in volatility and a move towards assets shelters.
In Paris, the CAC 40 lost 0.53 percent to 5.346,84 points to 11: 40 am GMT. In Frankfurt, the Dax yield of 0.97%.
In London, the FTSE 100 is moving with no change, encouraged by a net decline in the pound sterling.
Index pan-european FTSEurofirst 300 is down 0.55%, the EuroStoxx 50 for the euro area of 0.76% and the Stoxx 600 index of 0.61%.
Futures contracts on indices of Wall Street post a opening down 0.15% for the Standard & Poor’s 500, by 0.2% for the Dow Jones and 0.45% for the Nasdaq.
In Europe, almost all the sectoral indices are in the red, in particular the compartment of raw materials, including the Stoxx european gives up 0.94 per cent, driven among other things by the fall in the price of copper.
The technology industry loses about him 0,99%, continuing the movement of profit-taking triggered on the compartment Wall Street and who has lost more than 2% in the Nasdaq Composite in a week.
Among the values most affected figure STMicroelectronics (PA:STM) (-3,09%), the largest decline of the CAC 40.
The volatility indexes are in net increase of almost 8% for the EuroStoxx 50.
The biggest drop in the Stoxx 600, and by far, is the German specialist of the distribution Steinhoff, who won 66% after the announcement of the resignation of its chairman of the board and of the opening of an investigation on suspicion of accounting irregularities.
In Paris, Elior (PA:ELIOR) transfers 9,24%, the largest decline in the SBF 120, after its annual results and the presentation of its outlook for 2017-2018, deemed disappointing. The title is changing to its lowest level since October 2015.
Beyond the movement of profit, geopolitical concerns weigh on the trend, with investors fearing the impact of the recognition probable by the us president, Donald Trump, of Jerusalem as the capital of Israel.
This factor also promotes the decline on the assets considered the safest, such as government bonds. The yield on the German Bund at ten years back to 0.3% in the wake of its us counterpart which evolves around 2.34%, as against 2.41% last Thursday.
This lower rate encourages stock Exchange the fund real estate (+0,07%), who signs the only rising sector in Europe.
WALL STREET EXPECTS JOB NUMBERS IN The PRIVATE
On the foreign exchange market, the dollar is practically stable in the face of a basket of reference currencies, and has increased slightly against the euro, which is evolving around 1,1815 dollar.
The pound sterling, it continued to decline (by 0.6%) against a backdrop of difficulties in negotiations on the Brexit.
Gold, a safe haven par excellence, is on the rise, more no 1.267 dollars per ounce.
During this time, the bitcoin continues to rise, with more than 12,500 dollars, almost 14 times its level at the beginning of the year.
The oil is in decline according to figures from the American Petroleum Institute (API) showing an increase in stocks of refined products in the United States.
Wall Street will monitor the 13: 15 GMT the figures of the survey from ADP on private-sector employment in the meantime Friday’s publication of the monthly statistics overall. These indicators should not change the market sentiment, convinced that the federal Reserve will announce in a week that it falls within its interest rate.
(edited by Blandine Hénault)