(BFM Stock Exchange) – This article, with free access, is produced by the research team in BFM Stock Exchange analysis and market strategy. To not miss any opportunity, consult all of the analyzes and discover our portfolios by accessing our privilege space.
No swirls, on the contrary to the Paris Stock Exchange, after the inauguration of Donald Trump, which has multiplied the shock announcements and the signatures of brutal decrees, on the environment or illegal immigration.
On the thorny customs file, the new American president has not announced figures for China and Europe, for the moment, but it has been more precise for Canada and Mexico: “We think of 25 % For Mexico and Canada because they allow a large number of people to enter US territory. Adding: “I think we will do it on February 1”.
“We are therefore well left for four years of American show”, quips Thomas GIUDICI, head of bond management of Auris Gestion, taking for example the cryptocurrency “struck” in his effigy:
“Three days before his inauguration, Donald Trump can launch a same (followed by that of his wife) who reaches in a few hours a capitalization of more than $ 70 billion, more than that of the BNP! Beyond the Affected value, completely incredible, naturally arises the question of the conflict of interest, the American president holding the 80% of the capital remaining to be issued. Because likely to “facilitate illegal behavior” …
Donald Trump has signed a rain of presidential decrees, including the withdrawal of the United States from the WHO and the Paris climate agreement, the establishment of a state of emergency on the border with Mexico against Immigration, and the grace of 1,500 attackers from the Capitol, reported AFP.
On the macroeconomic component, the agenda finally took a little body this week, with the “Zew” index of trust in the German economy.
The index of confidence in the first economic power of the euro zone, awaited slightly at 15.20 points, collapses at 10.3. “The second consecutive year of recession has dropped economic expectations in Germany,” said Zew president Achim Wambach, Phd, Phd,
“The year has started with a significant drop in ZEW. This could be due, among other things, to recently published GDP growth figures and increasing inflationary pressures. The lack of private household expenditure and the weakness of demand in The construction sector continue to slow down the German economy. A process of training a potentially difficult coalition in Germany and the unpredictability of the economic policy led by the new Trump administration “.
In chapter Values, Stellantis, which imports from Mexico and Canada about 40% of volumes sold in the United States Qzlon a note from Bernstein, saw its action flank by 1.40%. The automotive equipment sector was by penalized ricochet, like two files with very strong beta effect: Valeo (-1.88%) and Forvia (-2.23%). Conversely, Emeis (+4.40%), Rubis (+3.13%) and ID Logitics (+2.99%) formed the winning trio of the A d Ela Parisian coast.
On the other side of the Atlantic, the main shares on shares ended the Tuesday in the green session, like the Dow Jones (+1.24%) and the Nasdaq Composite (+0.64%) , while a new quarterly ball of the large side groups opens. The S & P500, a reference barometer of appetite for the risk in the eyes of fund managers, once again crossed the symbolic threshold of the 6,000 points (+0.88% to 6,049 points).
A point on the other asset classes at risk: around 8:00 am this morning on the exchange market, the single currency was treated at a level close to $ 1,0,400. The barrel of WTI, one of the barometers of appetite for the risk on the financial markets, was exchanged around $ 75.40.
At the macroeconomic agenda this Tuesday, to follow in priority an intervention by Ms. Lagarde, president of the ECB, during a round table entitled “Beyond the crisis: to release the potential of Europe” during Annual meetings of the World Economic Forum in Davos.
Key graphics elements
We attended a major technical and graphic fact Thursday January 16 with crossing on Gap then extension in session, from the pivot threshold of the 7,500 points, which finds its support attributes. The current work base therefore becomes a band between 7,500 and 7,690 points, in which a certain form of volatility is far from excluded.
This crossing was immediately followed by a new GAP (less ample) and a bullish extension in session, with the participation of many sectors, marking the assertion of the buyer camp.
The 7,800 points approach will nevertheless mark a need for courses.
FORECAST
In view of the key graphic factors that we have identified, our opinion is neutral on the CAC 40 index in the short term.
We will take care to note that a crossing of the 7810.00 points would revive the tension to the purchase. While a break in the 7690.00 points would relaunch the selling pressure.
The News Bulletin 247 Council
Hourly data graphics
Daily data graphics
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
