PARIS (Reuters) – European scholarships finished in green on Wednesday, technology regaining the favors of investors after its decline at the start of the week, while operators are preparing for monetary policy meetings of the Federal Reserve (Fed) and The European Central Bank (ECB).
In Paris, the CAC 40 abandoned 0.32% to 7,872.48 points, while the German Dax rose 0.9% and the British Footsie has increased by 0.28%.
The Eurostoxx 50 index finished the session on an increase of 0.61%, while the FTSEUROFIT 300 scored a gain of 0.51%and that the Stoxx 600 took 0.47%.
A salvo of results animated the European indices, including those of ASML and LVMH.
The manufacturer of lithographic machines reported on Wednesday taking orders significantly higher than expectations for the fourth quarter due to high demand in artificial intelligence (IA), reassuring investors.
The concerns linked to the announcements of the Chinese start-up Deepseek has also faded a little, while the figures of Microsoft, Meta Platforms and Tesla are expected after the fence of Wall Stret.
LVMH figures, on the other hand, disappointed, weighing on the luxury sector and the French index.
The operators are also preparing for the announcements of the Fed and the ECB, expected respectively at 7:00 p.m. GMT on Wednesday and Thursday at 1:15 p.m. GMT.
The Fed should maintain its rates at their current levels, but observers will be attentive to the institution’s comments on the impact of Donald Trump’s policies.
The ECB should lower its 25 basis rates, the weakness of European activity and the decline in inflation pleading for a more marked relaxation of its monetary policy.
VALUES
ASML climbed 5.8% after its results. The technological index in Europe advances 2.5%.
Schneider Electric increased by 4.5%, concerns around a lower energy demand linked to more efficient AI models.
Luxury fell into Europe after the results in the fourth quarter of LVMH. The group fell 5.2%, Kering by 5.9%and Dior 5.1%. The sectoral index sold 0.75%.
Rémy Cointreau tumbled by 6.9% after having said to be more pessimistic about his annual sales forecasts, leading to his Diageo fall (-2.7%) and the European drinks and food sector (-0.8 %).
Logitech ended up 7.6%after publishing better results than expected in the fourth quarter.
Akzonobel lost 5.37%, the manufacturer of paintings having announced Wednesday to anticipate an operating profit for 2025 less than consensus.
Volvo advances in %, the heavyweight manufacturer having reported a sharp increase in its orders in the fourth quarter.
A Wall Street
Wall Street is backing up, investors preparing for the next Fed’s decision in the context of a volatile market.
At the time of the closing in Europe, exchanges at the New York Stock Exchange indicated a decline of 0.02% for the Dow Jones, against 0.35% for the Standard & Poor’s 500 and 0.68% for the NASDAQ Composite.
Changes
The changes vary shortly before a salvo of decisions of central banks.
The dollar earns 0.08% against a basket of reference currencies, the euro crosses 0.12% to 1.0416 dollars, and the pound sterling lost 0.09% to 1.243 dollars.
RATE
The yields vary shortly before the next monetary policy decisions of the ECB and the Fed.
The yield of the German ten years took 1.1 pb to 2.572%, that of the rate at two years remained stable at 2.274%.
At the time of the closure in Europe, the yield of Treasury at ten years does not vary at 4.5445%, while the yield of the title to two years increased from 1 pb to 4.2135%.
OIL
Oil is retreating, the markets worrying about the repercussions of a trade war on the balance between supply and raw demand.
The Brent fell 0.34% to $ 77.23 per barrel, the American light crude (West Texas Intermediate, WTI) weakens 0.62% to $ 73.31.
(Written by Corentin Chappron, edited by)
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