The Paris stock Exchange is expected to close the year on a high note slightly positive. The threshold of 4.850 points is finally crossed, with a gain of 0.3%.
The hope of some stakeholders to a crossing of the threshold of 5,000 points disappeared in the beginning of the week. The passing of 4.850 points, too, had (almost) disappeared.
It would seem that the stakeholders want above all to preserve the gain of more than 4% since the beginning of the year, after more than 11 months in negative territory.
In terms of indicators, the market has taken knowledge to 16h of the PMI Chicago index. The expansion of manufacturing activity in this region has slowed down significantly on the month-end. The index stood at 54.6 percent compared to 57.6 in November.
For the record, the bar 50 marks the boundary between contraction and expansion of the activity : the more the index is high above this threshold, the greater the expansion of the activity is rapid.
By comparison, economists had been pencilling in a deceleration less straightforward expansion of the manufacturing sector locally, since they were waiting on average a PMI to 56.
On the foreign exchange market, the euro gained a little less than 0.6% against the dollar to 1,056, while the barrel of Brent crude is now in positive territory, gaining 1% to 56.7 million.
finally, It is a quiet flat with respect to the values, with systematic variations reduced and the waterline. In terms of annual performance, it is ArcelorMittal, which dominates the flagship index, with an increase of nearly… 130% since the end of December 2015.
the consolidation of the steel market has come to add an environment relatively carrier on the two shores of the North Atlantic, as well as cost reductions. The asset disposals and the capital increase have enabled it to reduce net debt to $ 12.2 billion.
Direct Energy announced this afternoon the completion of the acquisition of 100% of the share capital of Marcinelle Energie, a belgian subsidiary of the Italian group Enel, which owns and operates a combined cycle thermal power plant gas, located at Charleroi in Belgium.
Recylex also announced the finalization of funding to the tune of 67 million euros for its German subsidiaries with a banking consortium a German.
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