Tuesday, November 3, 2015

European shares opened on a note undecided – Zonebourse.com

In Paris, the CAC 40 in advance of 0.06% to 4919.10 point to 8:40 GMT. The Dax in Frankfurt gives 0.11% but the FTSE rose 0.08% in London. The EuroStoxx 50 index for the euro area ahead of 0.03% while the FTSEurofirst 300 was down 0.04%.

If Chinese stock markets ended slightly down, the MSCI index grouping Asia-Pacific (excluding Japan) was inspired by the good performance of Wall Street the previous day to end a run of five consecutive declines, with a gain of over 1%.

The euro continues against the dollar despite the assumption increasingly probable new measures of the European Central Bank (ECB) at its December meeting, to make up for inflation in the euro area.

The decline of the greenback advantage over US crude in modest increase, but not to that of Brent. Generally, oil remains weighed down by concerns about an oversupply of the situation offers

In this context of uncertainty, financial assets considered safe -. German Bunds, US Treasury bonds, or – are sought. In addition, sovereign bond prices in the euro area remain driven by the prospect that the ECB will soon buy more assets under its quantitative easing program.

Under the blow back some 3.5% of the action Volkswagen, the index grouping the European car values ​​accuses one of the strongest sectoral declines early in the day with a decline of 0.46%.

US authorities said on Monday suspected of having the German manufacturer also used the test software on handling emissions of its diesel engines on large cars and not just on millions of mid-range vehicles.

In the wake of the title Volkswagen, Porsche action loses 2.9%.

The decline in automobile compartment is somewhat hindered by the gains of the BMW share (+ 0.68%) after the world’s biggest high-end automobile has reported an unexpected increase in its operating result for the third quarter.

Behind the automotive sector, the banking sector (-0.34% ) also pulls the rating down, with on one side a UBS title that gives 3.25% and the other a Standard Chartered share which fell by more than 5%.

The Swiss bank including the better than expected result was partly due to a tax credit, pushed further from 2016 to 2018 its target of a return on tangible equity (ROTE) adjusted above 15%.

Standard Chartered has in turn announced its intention to increase its capital by 5.1 billion (4.6 billion euros) and eliminate 15,000 jobs as part of a strategic plan to restore its profitability.

After her down 2.9% Monday after the release of third quarter results, the title PostNL plunged by some 15%, showing the greatest decline in the Stoxx 600, after Dutch postal operator presented its 2016 goals and ambitions on the horizon of 2020.

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