Paris: absolute record hunting on the eve of 3 witches


( – The Paris Stock Exchange (+ 0.62%) breaks a new absolute record: the CAC40 "GR" (Global Return, calculated as the DAX30) culminates at 14.696 (previous closing zenith: 14.608 May 22) 2018) and even 14,712 intraday.

The CAC & # 39; GR & # 39; GR & # 39; shows exactly the + 18% from 1 January, a performance of 3 1/2 months (or 17 weeks) without equivalent from the spring of 2015.

The "3 witches" session should confirm these levels tomorrow, before a 4-day weekend in Paris (the longest of the year).

The CAC40 is not the only holder of the record of the day since the Nasdaq-100 (+ 0.8% to 7.715) has pulverized its absolute record of 7.700 of the 1/10/2018 opening (before reducing the its advantage at + 0.3%).

The best closing of the Nasdaq-100 (7.660) was on 29 September 2018

The CAC40 (5.562) has progressed + 2% in 5 sessions, the Euro-Stoxx50 has also advanced 0.4% to 3.478.

On Wall Street, at mid-session, even if the trend is hesitant, the heaviness seems not to prevail since the Nasdaq seizes 0.1%, the Dow Jones stagnates and the S & P500 has crumbled by -0.1 %.

Finally, the Nasdaq-100 (+ 0.3%) benefits from + 11% of Qualcomm (+ 40% in 48H) and sails in absolute record territory (a new historical zenith was recorded at 7,715 Pts).

The effect of inertia is such that the CAC 40 index absorbs any inclination contrary to the movement, even the attempts to delay are quickly deprived of the action and of the effect. Technically, the configuration remains bullish in the very short period between 5.515 and 5.555 points with the possibility of testing the resilience zone at 5,595 / 5,600 points ", analyzing the Kiplink teams.

As for the statistics, inflation in the United Kingdom, consumer prices in the United Kingdom increased at an annual rate of 1.9% in March 2019, unchanged from the previous month, according to ; national statistical office).

In the euro area, the annual inflation rate in the euro area stood at 1.4% in March 2019, compared with 1.5% in March. February, according to Eurostat, which confirms its rapid estimate published on 1 April and that the European Union has remained stable at 1.6%.

In the euro area, the largest contributions to the annual inflation rate come from energy (+ 0.52 percentage points, pp), followed by services (+0.51 pp), food, alcohol and tobacco (+0.34 pp) and industrial goods excluding energy (+0.04 pp).

Together with the EU, the lowest annual rates were observed in Portugal (0.8%) and Greece (1.0%), while the highest rates were recorded in Romania (4% ). 2%), Hungary (3.8%) and the Netherlands (2.9%).

Another highly anticipated figure, the US trade deficit contracted 3.4% in February 2019, according to the US Department of Commerce, to -49.4 billion dollars against -51.1 billion in the first month this year (instead of worsening to -53.6 billion dollars).

This deficit reduction is therefore a surprise compared to the market consensus and results from an increase of 1.1% of US exports from one month to the other, to $ 209.7 billion, plus It is therefore important that 0.2% of their imports, at $ 259.1 billion (deficit with China reduced to only $ 30 billion).

On the quarterly side, Morgan Stanley (+ 2.5%) reported a net profit down 9% to $ 2.4 billion for the first quarter of 2019, with an EPS of $ 1.39 / share, in excess more of 20 cents the average estimate of the analyst.

Revenues from merchant banking activities fell by 7% to 10.3 billion, with a decline in the "institutional securities" division (investment banking and market operations), a stagnation in asset management and an increase in investment management

As for the exchange, the euro is stabilizing at $ 1,1300 / $. The WTI rose 0.2% to $ 64.25 on the NYMEX.

In the current stocks, Arcelor-Mittal, driven by unchanged growth of + 6.4% in China in the first quarter of 2018, flew + 4%, ahead of Essilor and Valéo with a + 3.3%.

Oréal grew by 0.5% after first quarter sales, while Vallourec rose 13.2% after signing an important contract with TechnipFMC in Brazil for the seamless pipe manufacturer.

The Sanofi defense ended the march with -2.7%.

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