The CAC 40 index gained 71.36 points to 4,353.90 points in moderate trading volume of 3.6 billion euros. The day before, he had lost 0.85%. The Paris market was revived after suffering the eve of a firmer tone of the US central bank on its rate of ascent schedule.
“The market recovered yesterday, but mainly led by technical factors, “observes Alexander Baradez, an analyst at IG France.
For him this week “the market hesitated between acceleration upwards and downwards without a trend.” This reflects, according to him, his inability to position on a possible rate hike by the US Federal Reserve (Fed) during a June marked by numerous deadlines, including the referendum on the Brexit or elections legislative Spain.
The Fed has indeed kept “open door” for a possible rise in interest rates at its next meeting in June, according to the minutes of the April meeting released Thursday, that who in the wake caused the disappointment of investors.
the trend of the day was however “backed by oil,” said the analyst, while crude prices have been trending upward, before losing ground.
The agenda was almost empty the side indicators. Investors have taken note of resales in the United States continued to rise in April for the second consecutive month, which “has maintained a little bounce,” said Mr. Baradez.
Among the values, the oil sector has ended in a disorganized. Technip lost 3.28% to 47.69 euros, Vallourec 2.61% to 3.10 euros while Maurel et Prom a increased by 2.30% to 3.12 euros.
Total (+ 2.08% to 43.01 euros) has in turn announced the acquisition of 21, 9% of a research permit a promising gas field in Papua New Guinea, bringing its stake in the project to 62.1%.
The banking sector continued to rise last days. BNP Paribas gained 0.90% to 45.72 euros, Credit Agricole 1.14% to 8.84 euros and Societe Generale 0 61% to 34.67 euros.
Eiffage lost ground (-1.24% to 67.06 euros). Bpifrance yielded 6.76% stake in the group, of which approximately 1.02% acquired by it.
Gameloft soared (+ 11.28% to 7 99 euros) while its listing was suspended Thursday in the afternoon, taking advantage of the announcement by Vivendi (+ 1.85% to 17.32 euros) of raising the price of its takeover bid at 8 euros per share.
Elior took 3.05% to 19.58 euros after entering into exclusive negotiations to buy the activities of the Italian group Autogrill, in six French stations.
Finally, a Solocal tumbled (-14.24% to 3.80 euros). The company is preparing a plan to reduce its debt, which could go through a fundraiser.
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