29 Jan
Finally! After six sessions of declines, the Bourse de Paris displays a better form. In the green at the opening, the CAC 40 – which posted a gain of 0.46% to 3705 points in early trading – has continued to display good orientation to the closing up 1.37% in 3739, 46 points, boosted from 15 hours through the publication of the first estimate of GDP in the United States for the fourth quarter of 2009. She stood at 5.7% (5.4% on average expected).
According to Christian Parisot, head of economic research at Aurel, "this figure is reassuring for markets and for the future." But that rebound is partly 'technical', relativize does. He explained to the tune of 3.4 points from a "stock effect". Croissancedu the fourth quarter will be weaker in the first quarter of 2010, he said.
Markets have also been able to welcome the extension to the head of the Fed Ben Bernanke.In choosing the U.S. Senate is also banking on a continuation of the current monetary policy, marked by very low rates. The news is welcome.
Across the Atlantic, the figures of industrial activity in the Chicago area for January were also pleasantly surprised: ISM index rose to 61.5. Then, ten minutes tardn it was the turn of consumer confidence as measured by the University of Michigan to give pleasure: it has been revised upward to 74.4, reaching its highest level in two years.
The LSE has also finished up Friday, the FTSE-100 index of leading values winning 42.78 points, or 0.83% over the closing Thursday at 5188.52 points. On Wall Street, the trend is still upwards, two hours after opening.
However, we must put this meeting (plus up to 3764.6 points), including a portion of the increase is purely technical: the week, the CAC 40 surrendered 2.2%, and the peak of the last five session was reached Monday at 3831.8 points …And last week it had dropped as much as 4.9% …
European unemployment 10%
This morning, the European Central Bank announced that the M3 had contracted by 0.2% in December from a year in the euro area, less than expected by markets, while private sector credit remained stable.
Unemployment in the eurozone has reached the threshold of 10% in December, its highest level ever reached since the creation of the single currency of eleven years ago, according to data released Friday by the European statistics office Eurostat.
Inflation, which was as expected, has accelerated in January, 1% a year from 0.9% in December, according to a first estimate published by Eurostat this venrdedi.