(CercleFinance.com) – The Paris Bourse is expected to start on a negative note Thursday morning in the wake of US markets yesterday, pending the meeting the European Central Bank that should lead to new monetary easing measures
Around 8:10, the future contract on the CAC 40 index. – Delivery end of December – was down 0.3% to 4891 dots
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Investors should remain cautious positions pending the decision of the Governing Council of the ECB, which will be followed by a press conference by its president Mario Draghi.
Mario Draghi value he announced an expansion of the purchasing program of the ECB as suggested his recent statements?
Many strategists suggest possible leads as a reduction of deposit rates of the institution, but also an extension beyond September 2016 of its asset purchase program (QE) measures that would reassure the market and may boost the inflation in the euro area.
‘If the ECB manages not to disappoint investors, markets (…) should acknowledge the decisions taken on Thursday, while the depreciation of the euro will continue’, says one at Edmond de Rothschild AM.
‘The central bank, which wants to act as a safeguard, however, could choose not to use right away all the tools at its disposal, pending The Fed’s decision on December 16, “warns the manager of assets.
Meanwhile, the euro continues to settle in the vicinity of 1.0590 dollar, which does not prevent the barrel of US crude to rebound by 1% to 40.5 dollars.
Many indicators are on the agenda today, including the latest services PMI in Europe and the inscriptions to unemployment benefits, the commands industry and ISM services in the United States.
Yesterday, Wall Street (-0.9%) had finally erased its gains from the previous day, a decline largely overshadowed by the massacre San Bernardino (California).
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