The Paris stock Exchange has reached new yearly highs on Thursday (+0,82%), investors welcoming with relief the release of a british exit from the european Union without the agreement and the prospect of a postponement of the Brexit.
The CAC 40 index has gained 43,40 points to finish at 5.349,78 points, in a trade volume moderate to 3.4 billion euros. The previous day he had finished up 0.69%.
After opening balance, the Paris stock Exchange is flourishing.
“The CAC 40 is in the process of surfing on the issue of Brexit: there has been no vote in favour of an exit agreement, which relaxes a bit the index”, said to the AFP Alexandre Baradez, an analyst at IG France.
“Investors say that this could be the end of the episode Brexit yesterday evening, with a +hard+ Brexit on the 29th of march, but we have a bit more time before we potentially, even if we still have a vote this evening, nothing is gained”, also has advanced Mr. Baradez.
The mp spoke Thursday on a report of a Brexit. Fifteen days of the theoretical date of the divorce, the government motion debated in the House of commons to propose a postponement of the Brexit until June 30, if the meps approve the withdrawal agreement by 20 march, the eve of the next european summit.
If the agreement, already rejected twice, is moved again, the motion specifies that the report must go beyond June 30, and will imply that the country holds elections for the european Parliament at the end of may.
The president of the european Council Donald Tusk urged Thursday the european countries to support a “long” report of the Brexit scheduled for 29 march, although the United Kingdom the application, provided that London changes its “strategy”.
In this context, we are witnessing “a global relaxation of the temporary risk can be before the vote tonight,” noted Mr. Baradez.
In addition, Donald Trump has threatened Thursday the EU of the consequences as “serious” on the economic plan, if it was not negotiating with the United States under a trade agreement.
The u.s. president also reiterated his optimism about a future trade agreement between the United States and China.
In terms of indicators, the operators have had many data to analyze, even if they have not influenced the trend.
In the United States in particular, sales of new homes fell sharply in January, contrary to analysts ‘ expectations, while applications for weekly unemployment benefits are up. The prices of imported goods have climbed 0.6% in February, more than analysts forecast.
– Lagardère off –
Lagardère jumped 8.00% to 24.70 less euros, taking the head of the SBF 120 after being promised good results for both of its activities, now key, the edition and trade networks in train stations and airports, and said to consider acquisitions of size.
The oil sector has benefited from the price of the black gold heading in the right direction. Total has increased from 0.47% to 51,45€.
Casino has erased its gains in the morning (-2,99% 43,86 euro), after a flat made on the debt of the holding company of the group.
Thales has taken to 2.10% 109,40€.
Boiron gave 3,72% 54,30€, suffering a fall of 26.6% in net income in 2018.