The actions in Europe have stopped since the return of worries



by Patrick Vignal

PARIS (Reuters) – European stock markets closed a weak green session on Thursday, while concerns about trade and corporate earnings fade, countering the rebound triggered by the hope of accommodating policies by major investors. central banks.

In Paris, the CAC 40 lost 0.28% to 5,551.95 points. The British Footsie lost 0.28% and the German Dax lost 0.33%.

The EuroStoxx 50 index fell by 0.14%, FTSEurofirst 300 0.13% and Stoxx 600 0.12%.

Investors are confident that the Federal Reserve will lower its rates at the end of the month, a scenario that US central bank president Jerome Powell confirmed by stating Wednesday that the issuer was ready to "act appropriately "to support growth. The intervention of Jerome Powell himself, on Thursday in front of the House of Representatives, did not change the situation.

As for the European Central Bank, its leaders agreed at their June meeting on the need to prepare to provide additional support for the euro zone economy in the context of "greater uncertainty". , according to the report of the debates published Thursday.

These accommodating signals have a prolonged time in the equity markets in Europe, but have not lasted.


Concerns have not disappeared, as shown by the car's index on Thursday Stoxx, which lost 0.59%, penalized by the downturns of equipment manufacturers Valeo (-3.29%) and Continental (-2.54 %), penalized by the warnings of the small players in this sector, who are very exposed to the commercial theme.

In contrast, the Stoxx oil and gas index gained 0.64%, driven by crude oil prices. In Paris, TechnipFMC (+ 1.26%) reached the top of the CAC 40.


At the time of closing in Europe, the Dow Jones takes 0.7% after spending 27,000 points for the first time and the S & P-500 gains 0.2%. The Nasdaq Composite grew by 0.16% after making a small turn in the red.


As for the US economy, retail prices excluding food and energy ("core") saw their most marked increase in June for almost a year and a half and subsidy requests unemployment fell last week to a minimum three months.

These statistics, published an hour before the opening, had little effect on the Wall Street index futures contracts.


They allowed the dollar to reduce losses, but not to turn green in front of a reference basket. The euro is proceeding very slightly against the greenback, around 1,126.


In the bond market, the 10-year Treasury yield takes two basis points at 2.08%, but remains below the three-week peak at 2.13% on Wednesday.

In Europe, the ten-year Bund, the euro zone benchmark, has scored four basis points to reach around -0.26%.


Oil prices are sustained by a storm in the Gulf of Mexico, which disrupts production and the persistent tensions linked to Iran.

Brent crude is trading at a maximum of six weeks at around 67. A barrel of American crude oil (WTI) trades around $ 60.70, close to a maximum of a year and a half.

(Edited by Wilfrid Exbrayat)

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