paris (reuters) – the major european stock markets are significantly up on thursday, reported by the resource base in the wake of an indicator of china and by the decline of the euro, but the distribution was a common intersection in response to a warning on its results.
the cac 40 in paris was 0.58% (29.25%) 5.085,59 points. the united kingdom has gained well, footsie 0.89% and the german dax to 0.44%. the euro stoxx 50 index rose to 0.52%, the ftseurofirst 300 0.79% and 0.77% stoxx 600.
the core was 1.17%, supported by the industrial metals such as copper and nickel after the announcement of a higher than expected acceleration of activity in the manufacturing sector in china in august
all of the sectoral indices were in the green with the compartment of the distribution, which fell by 1.3 percent, dragged down by the crossroads, which plunged 13.13 per cent after the alarm raised by the giant french industry on its results.
carrefour, which had seen its operating result (roc) back to 3.8% in 2016, said for a drop of about 12% of that by 2017, in the vicinity of 2.07 billion euros, far from 2.4 billion expected by analysts who had revised their expectations (the consensus was for 2.49 billion in early july. the group has also revised down its forecast for sales growth was reduced by between 2% and 4%, up from 3% to 4%.
in the fall, arkema has lost nearly 2%, while the chemistry group reported on its website a chemical explosion, crosby, texas, after the passage of tropical storm harvey.
the strength of the euro and the ecb.
on the foreign exchange market, the euro has increased its gains against the dollar briefly after the announcement of a higher than expected price increases in the euro area in august, but the european currency was then penalized by reuters news.
according to the sources of the european central bank (ecb), the rise of the euro against the dollar is increasingly concerned officials of the institution, which increases the likelihood that the asset buyback program, the central bank can be reduced only gradually.
this has reduced the euro, which has lost up to 0.3% against the dollar to stabilize around $1.19 at the time of the closing of stock exchanges in europe, which welcomes the prospect of continued by the ecb of policy accommodation.
the new york stock exchange is in the green after data showing inflation still lazy in the united states, which could lead the federal reserve to raise rates again, not in this year.
household consumption expenditure has increased slightly in july and the annual inflation rate rose to its slowest pace since the end of 2015, leading to expectations of a distance to a monetary tightening.
american investors are waiting for the monthly figures for employment in the united states on friday, the labor department issued.
on the front of a barrel of crude oil, is again on the rise, but did not further decrease leads to monthly, the highest for more than a year in the u.s. light crude.
the price of gasoline on fire in the united states, and many areas are at rest following the passage of tropical storm harvey.
(patrick vignal, edited by wilfrid exbrayat)
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Translated by forexguides.info Team