The Paris Bourse ended the session in the green (+ 0.56%) on Monday without departing from some caution before a meeting of the European Central Bank (ECB) eagerly awaited on Thursday.
The CAC 40 index took 27.46 points 4957.60 points in a limited volume of trade of 3.7 billion euros. Friday, it had dropped 0.32% after two days of strong growth.
Among the other European markets, the Frankfurt Stock Exchange gained 0.78% and London lost 0.30%. Furthermore, the Eurostoxx 50 has been 0.50%.
The Paris market opened the session in the red before opting for a positive dynamic.
“This is a session with little relief”, observes Alexander Baradez, an analyst at IG France, including figures on inflation in Germany continued to recover in November, but still at a level very low.
“For the market seeks further guidance on the degree of intervention of the ECB”, the inflation figures have given “one more element” just days before the meeting very expected from the Frankfurt institution says Baradez.
The expectations are high because the market expects the announcement of new measures to boost the economy, as recently let glimpse its president Mario Draghi, which could involve a decrease in deposit rates or strengthening of the asset purchase program.
According to the managers of Barclays stock, “it is likely that investors have already incorporated a party ads “here and there” equity indices should therefore does not vary much. “
The trend was also” power is always covered with the opening of US markets in the red ” says the analyst.
American investors digested the announcement of worse than expected contraction in economic activity in the Chicago area in November and a slight increase in home sales promises the United States last month.
The market will also monitor the monthly employment figures in the US Friday published before the meeting of the US Federal Reserve (Fed) in mid-December that would boost interest rates, given a US economy in better shape.
But “only a very unpleasant surprise is likely to weigh on market expectations,” argue their side the broker’s analysts Aurel BGC.
Among the values, Capgemini benefited (+ 2.66% to 87.32 euros) a favorable rating of Barclays.
Several industrial stocks supported the trend in the image of PSA Peugeot Citroën (+ 3.43% to 16.91 euros), Renault (+ 1.52% to 95.51 euros), Valeo (+ 1.07% to 146.55 euros) Saint-Gobain (+ 1.30% to 41.83 euros).
Kering took 1.05% to 163.55 euros. Jefferies bank began tracking the title to “buy”.
LVMH gained 1.80% to 158.75 euros, while the group took minority stakes in independent Italian jewelry house Repossi , to help it expand its distribution network.
Casino closed up (+ 0.56% to 54.12 euros) boosted by the agreement between the distributor and the Spanish group Dia to promote their services internationally and coordinate their negotiations with suppliers of their own brands in Europe.
Icade has lost 0.48% to 66.78 euros. The land has unveiled its strategic three-year plan, the main axes are the sale of the “services”, strengthening the health center with new acquisitions and investments in commercial properties in several large cities.
AS / abx / cb / sbo
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