said by blandine
paris (reuters) – european stock exchanges have erased their initial earnings tuesday mid day, trying to rebound because the appreciation of the euro, which is the optimism on the economic growth of the monetary union and the rise in inflation expectations.
on wall street, the futures on the new york opening indices indicate a close to balance after the small gains on monday.
the cac 40 in paris back to 0.15 per cent to 5.333,63 points to 11:45 gmt). at the same time, the dax up 0.05%, while in london, the ftse, insensitive to variations of the euro continues its gains (+ 0.14%).
the european ftseurofirst 300 index is 0.36%, the euro stoxx 50 of the euro zone – the stoxx 600 lower 0.23% and 0.27%.
the euro is 0.51 per cent against the dollar, to get back on 11725, the highest since october 26, the date of the last meeting of the monetary policy of the european central bank (ecb).
the tone very accommodative displayed by the central bank, despite the announcement of a reduction in asset buyback program (eq), dropped to $11552 “during the following days.
higher factors on the euro
but last week, the euro rebounded after statements by several senior members of the council expressed interest to the quantitative easing.
the single currency has also benefited from the rise in inflation expectations. inflation swaps are five years, in five years, and briefly back to more than 1.7 per cent for the first time since the month of march.
these factors, combined with the stabilization of the dollar higher américain dans waiting for many economic figures in venir engendre upward view class, “says nicholas chéron, head of research at binck.fr markets.
at the same time, the dollar – 0.26% against a basket of currencies). in particular, the figures for the traders of consumer prices for the month of october in the united states.
many analysts also highlight the crossing of a threshold technique on the euro / dollar exchange rate to explain the rebound of the single currency.
at the same time, the latest economic indicators for the euro area are published in the strength of the economic recovery. in the third quarter, the growth has been strongest in the euro area and the united states, the growth of gross domestic product (gdp) of the 19 countries of the monetary union was 2.5% (+ 2.3% annually from overseas.
however, the change in bond yields, with the introduction of the euro: the décorrelée 10-year german bund yield slightly back, 0.41%, after sharply higher during the last three sessions.
“the path of rates is also related to the tax reform in the united states, and a brake on this reform is likely to affect the yield,” says alexander baradez, analyst at ig markets.
on the side of the peripheral countries of the euro area, yields were adjusted slightly last week, but they are supported by the prospect of a prolonged action of the ecb’s bond market.
the performance of the sovereign bonds of portugal, 10 years is nearly 5 basis points less than 1.95%. it was still more than 2.3% just prior to the last meeting of the ecb.
the saluÉ altice relapse.
the values in europe, altice relapse and lost 6.91%. 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 april 2014.
on the other hand, tesco (5.67%) enjoy the green light to the provisional authorities the proposed acquisition of the wholesale booker (6.14%) of $3.7 billion ($4.1 billion).
vodafone is 4.88%, one of the largest increases in the stoxx 600, having increased its forecast on the basis of semi solids.
paris, alstom from 3.85% after announcing an increase in operating margin in the first half of the year increased by improving the mix of the portfolio and the strong performance of its ongoing contracts.
at the top of the cac 40, vivendi accounts 3.92%, following the increase of the recommendation of jpmorgan ‘surpondérer.
in the oil market, 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.
the international energy agency (iea) also warned tuesday that world oil demand is expected to grow less rapidly than expected in the coming months due to warmer temperatures, which could reduce surpluses on the market in the first half of 2007.
(edited by marc angrand)
copyright & copy;, thomson reuters
Translated by forexguides.info Team