Thursday , August 22 2019
Home / senegal / POINTS MARKET – Europe in green after caution shown by Fed

POINTS MARKET – Europe in green after caution shown by Fed



                * Stoxx 600 earns 0.15% in the morning
* The Fed no longer applies any further rate increases
* It could also adjust the balance reduction
* Dollar and bond yield are fine
* Trading discussions and results Stay focused

Blandine Henault
PARIS, Jan 31 (Reuters) - Major European stock markets are changing
on Thursday morning after a very cautious report
Federal Reserve (Fed), which helps to support risky assets
on dollar and bond yields.
In Paris, the CAC 40 index increases by 0.4% to 4.994.43 points around 09:30
GMT. Frankfurt, Dax advance by 0.33% and London - FTSE
progress of 0.64%.
EuroStoxx 50 Index Declined by 0.1% in the Euro Area
The weaknesses of the Milan and Madrid stock exchanges, but. ,
FTSEurofirst 300 wins 0.31% and Stoxx 600 takes 0.15%.
On Wednesday evening, the Fed said it was on a strengthening cycle
monetary policy could be completed by stating that it was
would be patient with possible additional increases associated with
economic and financial uncertainty.
Its president, Jerome Powell, explained that the arguments were good
the continuous rate hike was "weakened" and a press release was published
two days after the Federal Open Market Committee (FOMC) debate
a further reference to the future rate increase, a
to interrupt with the previous discourse.
"The Fed did not point out any future rate hikes that were not
more than four years ago and resuming the monetary rigidity cycle, ” t
John Plassard, About Mirabaud Securities.
"If Donald Trump is happy, then the market as well
the central bank will be in the event of a severe blow ”.
The US Central Bank has also opened a door for possible
Reducing the balance that currently exists
$ 4,100 billion (€ 3,570 billion), which could lead to
to stop this strategy and maintain an active portfolio
more important than originally planned.
"The Fed surprised us as well as the market, accepting the tone
are extremely profitable, ”says Société Générale economists.
"Now we keep our forecasts for two rate increases
25 basis points, one in June and one in September, but then [la réunion
d'hier]It is clear that the Fed only increases its risk
rate this year.
Fed support could allow investors to digest any
Washington, where talks will be held. ,
trade has been held between the US delegation since Wednesday
US Sales Representative Robert Lighthizer and Interviewers
led by Chinese Vice President Liu He.
This is a crucial step between the two commercial discussions
global economic capability, one month after their end
ceasefire.

VALUES
In addition to monetary and commercial issues, the rating is managed
many publications of results.
Unlike the previous day, LVMH, which was largely confident
Swiss watch group Swatch reported on Thursday a
During the last three months of 2018. ,
Decline in Asian demand and "very weak" sales in Asia.
In France. As a result, the results for the year are worse than expected and the name is
dropped by 6.03%, the red Stoxx 600 lamp.
Nokia loses its share of 5.67% after expecting a
in the first half - forecast that excludes a
Quarterly earnings and earnings are better than expected.
In turn, after publishing Elis has wanted (+ 5.64%)
quicker than expected in the fourth quarter.

SBF 120 red lantern, Vallourec returns 5.5% a
information from Bloomberg Agency that some of the group's creditors
try to reduce their debt, for fear of Vallourec
financial commitments.

Asia
Fed announcements supported the trend in Asia despite this
mixed indicators.
After the end of the Tokyo Stock Exchange
Wall Street. Industrial production in Japan fell in the second month
December, but the decrease (-0.1%) is less pronounced than expected.

China's activity in China's manufacturing industry declined
second month in a row in January official production PMI
Expected to be 49.5 to 49.3.
It didn't stop the CSI 300 big cap index
Mainland China will occupy 1.05%, while Hong Kong Stock Exchange
Kongs improved 1.08%.

WALL STREET
NYSE ended fast on a higher Wednesday after the promise
FED to support patience before raising further bets
commitment to reinforce the progress already made
Apple results (+ 6.83%) and Boeing stable forecasts
(+ 6.25%).
The Dow Jones Index increased by 1.77%, thus ending above the threshold
25,000 points for the first time since December 4th and S & P-500
took 1.55%, which is the best closeness since December 6th.
Nasdaq Composite grew by 2.2%, recording the highest
rapid growth in one session since January 4th.
Several companies, such as Facebook, were published at the end of the session
, Tesla, Microsoft, Qualcomm and Visa.
Future contracts for US indices point to a
very little.

RATE
The words of the Fed, and the words of Jerome Powell, who appreciated
the risk of high inflation, logically, has declined
US bond yields.
Ten years Treasury trade is 2.67% compared to more than
2.73% before announcements from the central bank. Government bond yields
two years old to less than 2.5%
more than 2.58% before the Fed's release.
In Europe, the yield of the German Bund is ten years over
two base points to 0.167% after you touch
the fall since 4 January is 1.161%.
French 10-year OAT fell to 0.568%
lowest since November 2016

EXCHANGE
The dollar is suffering from the influence of FED and its impressive rhetoric
President, an index that measures its development against the Currency Currency Basket
compared to the lowest since January 11.
The euro took the opportunity to reach more than $ 1.15 before
its management is slowed down by the announcement of a much larger reduction than expected
retail in Germany in December (-4.3% more than a month compared to 0.6%
intended).
Currency traders will monitor the first 10:00 GMT publication
an estimate of the growth of the euro area gross domestic product (GDP)
in the fourth quarter. The economists surveyed by Reuters rely on
0.2% quarter-on-quarter increase.
Meanwhile, the pound is over $ 1.31
despite the persistent confusion about Brexit.

OIL
Crude oil prices are rising as evidenced by a
US oil imports fall from Arabia
Saudi Arabia and prospects for oil supply disruptions. T.
Venezuela after sanctions imposed by Washington against the state.
Brent barrel sells about $ 61.90 a barrel
An American Light (WTI) rating of about $ 54.30.

METAL
The dollar's weakness after the Fed's announcements supports gold, which
remains almost eight months. The yellow metal that will sign
for the fourth consecutive month, growth is paid at more than $ 1,320 an ounce
market place.

MAIN ECONOMIC INDICATORS IN JANUARY 31:
COUNTRY GMT INDICATOR PERIOD CONSENSUS PREVIOUS
EZ 10:00 GDP (first estimate) T4 + 0.2% + 0.2%
- over a year + 1.2% + 1.6%
EZ 10:00 Unemployment rate in December 7.9% 7.9%
US 13:30 Unemployed listings either. to 215,000 199,000
26/1
US 14:45 PMI Chicago Index January 61.5 65.4
US 15:00 New Home Sales November 560,000 544,000
(Annualized)
-% change + 2.9% -8.9%

MARKET SITUATION
(Some data may be slightly redirected)


MARKET
EUROPE

Index Last Var. Can. % YTD
points
Eurofirst 300 1411.68 +3.73 + 0.26% + 6.03%

Eurostoxx 50 3157.08 -4.66 -0.15% + 5.19%

CAC 40 4993.92 + 19.16 + 0.39% + 5.56%

Dax 30 11208.99 +27.33 + 0.24% + 6.16%

FTSE 6984.24 +42.61 + 0.61% + 3.81%
SMI 8988.30 +22.59 + 0.25% + 6.63%
The values ​​to follow in Paris and
In Europe:

SCHOLARSHIPS
ASIAN
Indices Conclusion Var. Can. % YTD
points
Nickel-225 20773.49 + 216.95 + 1.06% + 3.79%

Tops 1567.49 +16.73 + 1.08% + 4.91%
Hong Kong 27942.47 +299.62 + 1.08% + 8.11%

Taiwan 9932.26 +0.67 + 0.01% -7.27%

Screen 2204.85 -1.35 -0.06% + 8.03%
Singapore 3190.17 +15.79 + 0.50% + 3.96%

Shanghai 2584.57 +9.00 + 0.35% + 3.64%

Sydney 5864.70 -22.00 -0.37% + 3.87%

Fence in Tokyo:


WALL STREET
Session
previous:
Index Last Var. Can. % YTD
points
Dow Jones 25014.86 +43.90 + 1.77% + 7.23%

S & P-500 2681.05 + 41.05 + 1.55% + 6.95%

Nasdaq 7183.08 + 154.79 + 2.20% + 8.26%

Nasdaq 100 6807.91 +175.12 + 2.64% + 7.55%


Wall meeting report
Street:
"Day ahead" - Updating to the next session
Wall Street

EXCHANGE
Course Veille Var.% YTD
Euro / DLr 1.1487 1.1477 + 0.09% + 0.16%

Dlr / yen 108.59 109.02 -0.39% -1.51%

Euro / Yen 124.74 125.15 -0.33% -1.17%

Dlr / CHF 0.9929 0.9941 -0.12% + 1.17%

Euro / CHF 1.1406 1.1412 -0.05% + 1.35%

Stg / Dl 1.3120 1.3116 + 0.03% + 2.85%

Index $ 95.3360 95.3400 -0.00% -0.87%


OR
Course Veille Var.% YTD
Gold Square 1319.70 1319.51 + 0.01% + 2.88%


RATE

Last can. Spread / Bund
(Pts)
Future Bund 165.51 +0.33

Bund 10 years 0.17 -0.02

Bund 2 years -0.56 +0.00

OAT 10 years 0.57 -0.03 +40.21

Treasury 10 Years 2.66 -0.03

Treasury 2 years 2.49 -0.04


PETROLEUM
(in dollars) Cours Précéden Var Var.% YTD
t
Light Crude Oil US 54.32 54.23 +0.09 + 0.17% + 18.58%

Brent 61.93 61.65 + 0.28 + 0.45% + 14.37%


(Edited by Juliette Rouillon)
  
 
 

Source link