european stock markets have ended on a note stable on Wednesday, after two sessions of consecutive increase, slowed down by, among others, the sector of the distribution.
In Paris, the CAC 40 ended on the balance (+0,07 point) 4.899,40 points. The Footsie british took 0.17% and the Dax in germany has remained stable. The index EuroStoxx 50 was down 0.06%, the FTSEurofirst 300 has lost 0,16% and the Stoxx 600 of 0.25%.
At the time of the close in Europe, Wall Street was gaining around 0.3%.
A confirmation of acceleration of growth in the euro zone and a take-off is more net-than-expected inflation, especially in Germany, was not enough to push the european market in lack of inspiration after the boom months of November and December.
Among the sectoral indices, those of distribution and commodities show the strongest declines, respectively 1,43% and 1.30%.
London, Next has lost 14,36%, largest drop on the Stoxx 600. The british retailer of clothing has issued a warning on its results in 2016-2017 and 2017-2018.
in contrast, the british channel for discount stores (B&M, which has announced record sales during the Christmas period, has earned 9,45%, achieving the best performance of the index of the 600 largest values of the euro area.
A Paris, Accor, the largest increase in the CAC 40 has gained 2.27 per cent, supported by HSBC, which is passed to the purchase on the title. Conversely, rating downgrades of recommendation have weighed on Michelin (-2,30%), and STMicro (-1,19%)
On the foreign exchange market, the dollar gave up around 0.5% against a basket of currencies, with investors awaiting new information on the performance of the us economy and the timing of a rate increase by the federal Reserve.
The euro dates back to 1,0478 dollar (+0,71%) after touching its lowest level since the end of 2002, 1,0340 dollar, brushing once again the parity.
On the oil market, the price of Brent and light crude u.s. have increased by more than 1%, supported by expectations of lower inventories in the United States and signs that the oil producers expect to comply with their agreement of reduction of the offer which entered into force on 1 January.
(Catherine Mallebay-Vacqueur for French service, edited by Véronique Tison)
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