The Scholarships timid, tensions remain in the background


© Reuters. THE EUROPEAN STOCK MARKETS END IN A SMALL INCREASE IN

by Patrick Vignal

PARIS (Reuters) – The european markets ended Friday in a very small increase in the effect of quarterly results variously greeted on the background of the temporary decline of trade tensions and geopolitical.

In Paris, the CAC 40 gained 0,11% to 5.315,02 points. The Footsie british took up 0.09% and the German Dax has advanced 0.22%.

The index EuroStoxx 50 rose 0.12%, the FTSEurofirst 300 of 0.11% and the Stoxx europe 600 index 0.1%.

Throughout the week the CAC 40 has made 1,08%, the Footsie is 1.18%, the Dax be 1.64% and the Stoxx 600 index of 1.19%.

The indices have mitigated their gains over the course of a session which started with a bit of appetite for riskier assets, according to the statements of Donald Trump and suggested that air strikes in Syria in retaliation to the chemical attack against the rebellious city of Duma against the syrian regime, may not be imminent.

The secretary-general of the united Nations, Antonio Guterres, has called Friday on all States to “act responsibly” in the face of the risk of a military operation against the regime of Bashar al-Assad, accused by the ambassador of France to the Un have reached a point of no return.

In this quiet precarious, the news business has resumed its rights with publications that are deemed rather severely as that of L’oréal, the title of which was taken to 0.24% after having evolved for a time in the red.

Investors and analysts have welcomed a growth in organic sales to be higher than expected in the first quarter but have tiqué in front of the disappointing results of the division of public and currency effects more significant than expected.

WALL STREET JUDGE SEVERELY THE PERFORMANCE OF BANKS

Always in Paris, the specialist for the transportation and storage of liquefied gas, GTT (PA:GTT) has lost 12,39% after the announcement of its quarterly turnover, marked by a low activity in services, which has encouraged profit-taking on the title.

In contrast, the largest increase in the CAC 40 is for Vinci (PA:SGEF), which took 2.48 per cent after it posted a passenger traffic rise in the first quarter in the airports that it operates.

Elsewhere in Europe, the it group uk-based Sage has dipped of a 8.19% after lowering its forecast for growth in annual turnover after a downturn in subscriptions in the first half of its fiscal year.

On the foreign exchange market, the dollar is stabilizing in the face of a basket of reference currencies, after a 0.2% gain the previous day in the wake of the rise in u.s. rates.

The yield on Treasuries to ten years declined a little on Friday, going under 2,83%, in spite of the remarks of the president of the branch of the federal Reserve in Boston Eric Rosengren, referring to the scenario at least three rate hikes this year due to the dynamism of the american economy.

The trend in Europe has suffered in the end of the session to the negative reaction of Wall Street to the publications, but by no means catastrophic, JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC).

At A time when the european markets close their doors, leading indices of the New York stock Exchange declined a little, the announcement of a degradation higher than expected and the morale of american households in April with nothing done to support them.

On the oil market, crude prices are tilted to the upside and head to their biggest weekly advance since July last year.

(Edited by Bertrand Boucey)

Leave a Reply