paris (reuters) – the major european stock markets ended the week on friday, in a red marked by heightened risk aversion, a decline, but less than the day before.
the movement of the correction on long rates is at the same time after the recent downturn related announcements in late october, the european central bank (ecb).
the cac 40 in paris, has lost 50% (5.380,72 10,66%). in frankfurt, the dax gave 0.42% and in london, the ftse dropped 0.68%.
the european ftseurofirst 300 index decreased by 0.39%, the euro stoxx 50 euro stoxx 600 of 0.52% and 0.35%.
throughout the week, the acc, which had lost three weekly progressions, 2.49%, fall the more pronounced since the second week of august. the dax gave 2.61%, the stoxx 600 ftse 1.66% and 1.88%.
paris and frankfurt lost more than 1%, a decline related to both questions on the evolution of the monetary policy of the ecb, which contributed to the rise in bond yields, and doubts about the u.s. tax reform.
a sharp decline in the nikkei, who suddenly landed thursday in plenary meeting, have also contributed to the decline of indices in europe as in the united states. the japanese index weakened further, and 0.82%.
“shares in europe are slightly in the red with traders still jittery after the decline of yesterday (thursday),” says david madden (cmc markets).
the rapid decline of yesterday brought about progress in credit markets over the past few months, which led to take profits, “he says.
in the bond market, the trend is still on the rebound of state bond yields. the ten german is close to the threshold of 0.4% to subside.
“the decline in long rates, in the wake of the governing council of the ecb can legitimately be excessive. the correction was expected “, are lbpam managers.
the european bond market also reacts to the rise in inflation expectations in the euro area, edge, for its part, alexander baradez analyst at ig markets,.
inflation swaps to five years, in five years, a measure of expectations of higher prices in the medium term, was 1.68%, the highest since march.
altice was still suffering
the values in europe, “at the head of the stoxx 600 has ended with a gain of 0% after the results recognized by investors.
arcelormittal was 3.37%, the highest increase of the cac 40, after quarterly expectations and confidence shown by the steelmaker to 2018.
the red lantern of the index in paris for sap, which lost 3.91% after a reduction of the manufacturer’s recommendation cheuvreux kepler and its subsidiary equipment, faurecia (0.79%).
elsewhere in europe, the sharpest drop in the stoxx 600 is for the italian aerospace and defence group, leonardo, which declined)%, the largest decline on a session for the past 20 years, after having reduced its forecasts to take account of the difficulties of the operation of helicopters.
the decline also altice, home station of the telecom operator (3.38% was lost in the aftermath of the announcement of the resignation of the director general, michel combes and founder patrick drahi back in charge of a reorganization, however, to allay the concerns of investors after the recent fall of stock prices.
at the time of the closing wall street back in europe, amidst fears of a slightly delayed in 2019, the lightening of the tax burden on enterprises in the market, by donald trump.
doubts on the ability of the president of the united states market to get a much-needed reform against the dollar, which is stabilized against a basket of currencies reference, but is not running at its highest weekly decline in four weeks.
in the oil market, the price of crude oil are balanced around 64 dollars a barrel for brent and $57 for crude oil (west texas intermediate (wti), american).
in the field, and returns in 1280 dollars an ounce on thursday after three weeks in a spike in a conducive environment, the status of refuge.
(edited by bertrand boucey)
copyright & copy;, thomson reuters
Translated by forexguides.info Team