© Reuters. MID-SESSION IN THE GREEN FOR THE STOCK MARKETS IN THE EUROPEAN
by Patrick Vignal
PARIS (Reuters) – The european markets are evolving in the green Tuesday at mid-session, supported by a decline in the euro on expectations of maintenance by the european central Bank (ECB) policy accommodative, and Wall Street is reported as the net increase to the opening at the end of a weekend of three days.
In Paris, the CAC 40 takes of 0.34% to 5.528,57 points around 11: 30 GMT. In Frankfurt, the Dax gains of 1.06%. In London, the FTSE, weighed down by its exposure to basic resources, is virtually unchanged (-0,02%).
Index pan-european FTSEurofirst 300 rose 0.36 per cent, the EuroStoxx 50 for the euro area of 0.66% and the Stoxx 600 index of 0.41%.
The index futures new york indicate an opening of Wall Street, an increase of nearly 1% for the Dow Jones, which should be overcome for the first time the 26,000 points to the opening.
The values exporting to the euro area are favoured by the decline of the european single currency, which lost 0.4 percent against the greenback and back to 1.22 on the dollar according to information from Reuters, which cites sources according to which the ECB should not waive at its meeting monetary next week in its commitment to continue its asset purchases until the rise of inflation to its objective, a little less than 2%.
Always on the foreign exchange market, the pound sterling lost 0,24% against the dollar after the announcement of a decline of inflation in the United Kingdom in December.
The dollar is accusing a decline of 0.25% against a basket of reference currencies, not far from the lows of more than three years affected these last few days.
The price of bitcoin has lost up to 18%, dropping to its lowest level for almost a month, the threat of a strict framework of transactions on the most publicized of cryptomonnaies more and more accurate.
The signals from the ECB have also had the effect of accentuating the decline in government bond yields in the euro area. The German 10-year Bund and OAT French of the same maturity lose around three basis points, to 0,562% and 0,835%, respectively.
THE BASIC RESOURCES AND The ENERGY to RETREAT
Values in Europe, most of the sectoral indices are up, with the notable exception of basic resources (-1,18%) and energy (-0,43%), penalized by the fall in the prices of industrial metals and oil.
In Paris, ArcelorMittal (AS:MT) is down 1.05% in the wake of the falling price of iron ore in China. Within the SBF 120, Eramet (PA:ERMT) (-3,89%) is affected by the fall of more than 4% of the price of nickel.
Elsewhere in Europe, the group of ready-to-wear German Hugo Boss (DE:BOSSn) climbed 2.28% after it announced a 5% increase in its turnover-rate-adjusted foreign exchange in the fourth quarter, reflecting a recovery of sales in its stores and in the United States.
The european sector of community services (‘utilities’) takes advantage of the lower interest rates and earns 1,11%. In Paris, EDF (PA:EDF) takes 3,61%.
The compartment car is also distinguished with a gain of 1.32% for its benchmark Stoxx europe 600 index, pulled by the rise of the German manufacturers (+3% for BMW (DE:BMWG)).
On the oil market, a barrel of Brent suffers profit-taking after its peak at over $ 70 and the light crude to u.s. West Texas Intermediate, WTI) drops under the 64 dollars.
Has Wall Street, investors will be particularly attentive to the publications of the results of Citigroup (NYSE:C) prior to the Stock market and, at 13h30 GMT, the manufacturing index “Empire State”.
(edited by Blandine Hénault)