paris (reuters) – the dollar and the european markets, the state bond yields are rising on friday for a renewed hope in the proposed tax reform in the united states.
the cac 40 in paris, 5.380,79 is 0.23% (at 11:00 gmt). at the same time, the dax is 0.29%, and in london, the ftse is 0.26%. the european ftseurofirst 300 index rose by 2.2%, the euro stoxx 50 euro stoxx 600 0.28% and 0.32%.
futures contracts on major u.s. indexes suggest an opening up on wall street, the dow jones industrial average about 0.4% to 0.2% and the nasdaq.
the main factor of market support measures, the adoption of a resolution by the united states senate budget to accelerate consideration by congress of the draft reform of the tax system promoted by donald trump, invigorating, for many investors, the hope that the reform key is adopted before the end of the year.
in this context, the main argument of “trumpflation” focused markets during much of the year, is also the dollar, which is 0.21% against a basket of currencies by the euro reference to usd 1.18.
the performance at the age of 10. at the peak of a week or more.
“after the failure of the repeal of obamacare and the immigration act, donald trump will finally here his first trophy, which would help to restore his reputation,” says john plassard and mirabaud securities.
“the evidence like this vote, as it is pointed out that the u.s. secretary of the treasury, steven mnuchin, stated in the middle of the week, the stock market would drop if the tax reform proposed by mr trump was not adopted.
the cboe volatility index, a barometer of market stress monitoring is back below 10 points after a peak at about 12 on thursday.
the vote of the american senate has also led to a surge in us bond yields, the ten years from 2368%.
this is reflected in the bond market of the euro area, where it is amplified by the statements of ewald nowotny, a member of the executive board of the european central bank (ecb), the probability that it decided on thursday to a reduction of its asset purchase program.
the rise in yields and the prospects of monetary tightening are, among other things, the banking stocks, the index is 0.95% in european law.
volvo bounces back, right
in europe, and especially in paris, the meeting is hosted by the various publications of the quarterly results received.
the swedish carmaker volvo leaps and heavy 7.03%, the current market “operating income well above expectations, and the upward revision of the forecast demand.
his compatriot, ericsson, is 4.88%, despite a heavy loss, the group had no appeal to the market to finance its restructuring.
in paris, arcelormittal (2.41%), is raising the recommendation of ubs and higher metal prices.
the decline, accor is 2.56%, the largest decline of acc, after reporting a slowdown in the third quarter, leading to higher profit after the recent title.
renault also sanctioned (0.35%) continues to suffer as a result of the scandal, practices that do not conform to its ally japan nissan certification, a scandal that has already lost nearly 2% of the french group on thursday.
on wall street, the session will be moderated by the results of general electric, one of the 30 dow jones industrial average values. the title of the group was 3.5% in exchange transactions until just after the publication of the accounts.
janet yellen, president of the federal reserve to participate in an open debate, but after the closure of the us market.
in the oil market, the prices are falling again in taking profits.
(edited by blandine henault.
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Translated by forexguides.info Team