CAC 40: a slightly positive note before US employment. – Boursorama

(CercleFinance.com) – The Paris Bourse operates on a slightly positive note Friday in early trade while awaiting the US employment figures for February

Around 10:00. the CAC 40 in advance from less than 0.1% to 4417.7 points in a reduced volume of 350 million euros. Over the previous three sessions, the benchmark index of the Paris market had gained nearly 2.4%.

Elsewhere in Europe, London rose 0.2% and Frankfurt 0.5% takes. The pan-European index Euro STOXX 50 shows a gain of 0.2%.

‘We thought that buyers were running out of fuel, but the gains are widespread through the commodity sector that benefits a again the good performance of metal prices, “explains Tony Cross, analyst Trustnet Direct.

the European index values ​​related to raw materials, the STOXX Europe 600 Optimised Basic Resources, shows this morning the best performance of the Old Continent with gains of 2.5%.

the market should remain relatively hollow pending the release of the US employment report at 14:30, for which the consensus expects 185,000 creations positions.

‘It is expected a solid figure so any surprises would give investors the perfect excuse to take profits before going on a weekend’, warns Tony Cross.

in Paris, oil and oil services values ​​maintain their lead with the continuous increase in prices of black gold. Vallourec flies by 8% and has almost 60% gain on the week as overdrafts buyouts are multiplying.

In general, redemptions of short positions grow the most massacred values rising (CGG, Zodiac Casino, ..), noted the teams of Barclays stock.

Arkema nevertheless gives 3% to 61 euros after having soared by almost 9% yesterday following its annual results. SG analysts this morning bring their price target on the value of 70 to 68 euros.

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