paris (reuters) – the major european stock markets are slightly higher on tuesday at the start of the meeting, supported by the results above expectations and raising the predictions of several major groups, although caution is still needed after the sharp decline in recent sessions.
the cac 40 in paris, winning points to 0.25% 5.354,93 08:45 gmt. in frankfurt, the dax is 0.24%, and in london, the ftse 100 is 0.14%. the european ftseurofirst 300 index is unchanged, while the euro stoxx 50 of the eurozone is 0.19% and 0.05% stoxx 600.
the cac is on six consecutive declines that were dropped on monday in plenary at its lowest level since the end of september and it is five, 600 folds in a row.
this sequence has no surprise revived the debate on the risk of a sharp correction in the market shares, even if some are taken in logical levels for recovery.
in macroeconomics, the markets seem to be indifferent to the figure, however, better than expected third quarter growth in germany (0.8%), driven by investment and foreign trade.
this good news does not seem to be sufficient to compensate for the lower than expected numbers of industrial production and investment in fixed assets in china last month.
the meeting will be hosted by, among others, the monthly statistics of uk inflation, at 09:30 gmt and figures for inflation and growth for the euro area, at 10:00 a.m. gmt, the time at which the index will also be published in german zew investor sentiment, while the figures for output prices in the united states at 1:30 p.m. gmt,.
the markets will follow the debate organized by the european central bank (ecb), in frankfurt, on the communication of the central banks, which, in addition to the ecb’s president, mario draghi, his counterpart at the fed, janet yellen, the governors of the bank of england, mark carney, the bank of japan., haruhiko kuroda.
the results reported by vodafone and
the values in europe, vodafone is 4.54%, one of the largest increases in the stoxx 600, having increased its forecast on the basis of semi solids.
the expert from germany also with semiconductor infineon is 2.3%, despite a quarter lower than the consensus, as a result of the weakness of the dollar.
tesco (5.11%) is for the green light to the provisional authorities proposed acquisition of wholesale booker (5.29%) of $3.7 billion ($4.1 billion).
paris, alstom (3.85%) in the head of the sbf 120, with the increase of the operating margin in the first half of the year off.
vivendi is prepared 2.46%, the highest increase of acc, after raising the recommendation of jpmorgan ‘surpondérer.
the decrease is altice relapse and 6.54%. the title, which is affected by the lowering of the target of the analysts at morgan stanley and kepler cheuvreux, hit its lowest level since early in 2014.
on the foreign exchange market, the euro continued to rise, the single currency has reached its highest level in two weeks against the dollar more than 1.17. it is an increase in capital flows into the euro area, “says manuel oliveri, head of foreign exchange strategy for agricultural credit.
the capital inflows have rebounded in recent days to risky assets in europe, from international investors, after draghi, on his recent appearances, painted a picture of low interest rates and strong growth, “he said.
the dollar is 0.08% against a basket of currencies).
oil prices are falling, the prospect of a further increase in production in the united states than that of a sustainable framework surges of opec.
(saikat chatterjee in london, edited by patrick vignal)
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Translated by forexguides.info Team