The Paris Bourse ended on a positive note (+ 0.29%) Wednesday pending the vote by the Greek Parliament of the agreement reached by the country with its creditors.
The CAC 40 index took 14.77 points 5047.24 points in a trade volume of 3.5 billion euros. The day before he had gained 0.69%, signing its fifth consecutive session.
In other European markets, the Frankfurt Stock Exchange gained 0.20% while London remained in balance. Moreover Eurostoxx took 0.46%.
The Paris Bourse has spent much of its meeting near balance, a little more emboldened late in the session while the agenda of the day was particularly busy between the vote of the compromise between Greece and its creditors and the intervention of the president of the US Federal Reserve (Fed) Janet Yellen to the US Congress.
The Assembly National and Greek Senate should give their approval in late afternoon, except surprise given recent developments in each camp, and open a series of votes in several national parliaments in the coming days.
“The European markets maintain a bullish bias before” this vote, stressed the Aurel BGC analysts noting that “the IMF has yet set foot in dishes requiring a concrete solution to the problem of debt in exchange for his participation in the new aid program. “
Until then, the investors focused on the statements of Ms. Yellen has again pleaded Wednesday for a rate hike this year the US despite the economic “uncertainty” in particular related to Greece or China.
The fact that Ms. “Yellen suggests a rise this year is not a big surprise,” noted economists Capital Economics who felt that “the latest developments” on China and Greece “have alleviated fears of contagion across financial markets that seemed to worry the Fed officials at the last meeting of the month “of the US central bank.
The session was also charged with indicators.
China’s economic growth has stabilized at 7% in the second quarter, better than expected.
In France, the rise in consumer prices over twelve months has stabilized in June at 0.3%.
In the United States, producer prices in the US continued to rise in June, slightly exceeding analysts’ expectations, while manufacturing activity in the New York region grew in July (Empire State index).
On the values front, Danone (-0.68% to 61.73 euros) was affected a lowering of the annual objectives of the US group Mead Johnson Nutrition.
Renault rose 0.44% to 91.36 euros, taking advantage of improving the recommendation of Credit Suisse analysts.
EDF (+ 2.66% to 21.43 euros) has benefited for its part of a rehabilitation recommendation to “hold” against “lighten” earlier by HSBC analysts.
Ruby (+ 4.05% to 68.14 euros) benefited from a favorable comment from Berenberg.
LafargeHolcim gained 0.76% to 71.70 euros. The group confirmed its target of 1.4 billion euros of synergies within three years.
abx / fka / nas
7/15/2015 6:11:55 p.m. – Paris, July 15, 2015 (AFP) – AFP © 2015
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