European shares ended on a mixed note Monday stuck between the Chinese monetary authorities have returned an easing policy and the inability of the Group of 20 (G20) to take further concrete measures to boost growth .
In Paris, the CAC 40 including boosted by soaring ArcelorMittal title (+ 8.8%), was up 0.9% (39.98 points) to 4353.55 points. But the British FTSE was little changed (+ 0.02%) and the German Dax has yielded 0.19%. The EuroStoxx 50 index has in turn made 0.57% and 0.47% FTSEurofirst 300.
At the time of closing European, Wall Street progressed by about 0.5%, driven by the announcement of China and good oil prices keeping still boosted by the prospect of concerted action between producers.
Apart from the FTSE 100, which gained 0.22% in February after three consecutive months of decline, the major indices linked together their third straight monthly decline, their disastrous start to the year 2016 mainly undertaken concerns about the global economy.
the CAC 40 and yielded 1.44% in February and the Dax over 3%. The losses of the EuroStoxx 50 and the FTSEurofirst 300 were 3.26% and 2.74% respectively.
China’s central bank said Monday it has again lowered the reserve requirement ratio of banks the country and the central bank reducing this ratio for the fifth time since February 2015 in the hope of giving a boost to a slowdown in the economy.
this announcement allowed European stocks erase some of their losses in the morning. The Athens Stock Exchange for its part rose from 1.89% after the publication of data showing that the Greek economy recorded a growth of 0.1% in the fourth quarter, instead of a contraction of 0.6% initially estimated.
on the foreign exchange market, the yen has been sought as a safe haven after the G20 communiqué, which met during the weekend. Finance ministers and central bankers of the G20 meeting Friday and Saturday in Shanghai said the tools of monetary policy would not be enough to pull the global economy out of its torpor.
The euro his side was weighed down by the prospect of further monetary easing from the European Central Bank (ECB) after data showing that inflation in the eurozone fell back into negative territory.
So with the decline of the euro and despite the surge of the yen, the dollar index was up nearly 0.2%.
the good performance of the greenback has not prevented the index composed of European values related to raw materials (+ 3.43%) to post the strongest sector rising. The oil fund has advanced to its share of 1.51%.
In between, one finds the index of travel and air transport (+ 2.18%) and the automobile index (+ 1.71%).
(Benoit Van Overstraeten for the French service, edited by Bertrand Boucey)
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