CAC40: symbolic weekly gain in extremis, W-Street dcroche
published on the 09/11/2018
(CercleFinance.com) – Paris limits the breakage at the end of the session, despite the heavier Wall Street trend.The CAC40 (-0.48%) 5.106,7 preserves the 5.100 and above, displays +0.09 The CAC bottomed out at 5.070 in the wake of Wall Street as the Dow Jones fell by -1% and the Nasdaq by -2%.
But the US indices remain largely positive on the week runs (about + 2.5% for the 'Dow') .The Euro-Stoxx50 crumbled -0.25% (to 3.225.5) with large disparities between Frankfurt (stable) and Milan (-0.9%), but overall, the weekly balance sheet is + 0.45% positive. The Asian places had given the tone of this morning by -1,2% Tokyo and – 1.4% Shangha (back on the 2.
600, or -2.9% weekly) .Wall Street consolidates for the second consecutive session (losses are slowly but inexorably growing) while production prices rose + 0.6% (instead of +0.0%). 3% anticipation): this is the most brutal acceleration since September 2012 (when oil was blazing to 110/115 $) .The mood of American households has deteriorated a little less than expected in November, the outlook less flourishing than expected.
Oil suffered a real break with -1.5% on the WTI sinking towards $ 59.9 New York (-3.7% in weekly) and -1.7% on the 'Brent' (which tests $ 69.8 London). Last night, the Fed confirmed that the strength of the US economy justified its desire to continue its cycle of monetary tightening (without insisting on inflation), with the cl a fourth increase in the rate for 2018 by Nol'The monetary policy normalization strategy, which also aims to counter-balance a budget policy far too excessive, should continue in the year 2019 as long as the labor market and evolution of inflation will allow it.
The market was not moved by the maintenance of the status quo, retains Saxo Bank.This evening the euro retreats slightly (-0.2%), 1,134 / $ but still preserves the support of 1,1330, but the margin of safety is null. In the actuality of the values, it is the defensive Danone which imposes itself with + 3,6% 65,6E. Conversely, the 'warning' of Richemont (-6,4% ) impact Kering (-3.5%) then LVMH (-2%) Rubis (-11.1%) plunges after a disappointing quarterly publication according to analysts. Assuming a 'lack of energy in the third quarter', Portzamparc has degraded his advice on the action Rubis this morning, returning to 'strengthen' 'keep'. The target price is adjusted 52.7 51.4 euros.
CGG continues its debut with -13% 1.53E, or -24.5% on the week runs.The heaviest fall for Nexans (-14.9% 22.82E), after a downward revision of the 2018 targets. orient (+ 2.6%), Edenred announced yesterday that it has entered into an agreement for the acquisition of Corporate Spending Innovations (CSI). It is one of the largest providers of automated B2B payment solutions in North America. This acquisition, worth approximately $ 600 million, is part of the continuity of a European partnership established almost two years ago between the two companies. Keyrus (-0.9%) reports having achieved a turnover of 63.7 million euros in the third quarter of 2018, an increase of 8.8 % compared to the third quarter of 2017 (+ 10.5% per annum and constant exchange rates).
In the first nine months of the year, growth in the IT services group rose 7.5% to 199.5 million (+ 9.1% like-for-like and constant currency). This organic increase has a negative impact of 5.3 million francs in 2018.Copyright (c) 2018 CercleFinance.com. All rights reserved.