Paris (Reuters) – European scholarships finished in green Thursday, investors welcoming the last rate drop in the European Central Bank, the activity remaining sluggish in the euro zone.
In Paris, the CAC 40 increased by 0.88% to 7,941.64 points, while the German Dax rose by 0.43% and the British footsia is reinforced by 1.04%.
The Eurostoxx 50 index finished the session on an increase of 1.03%, while the FTSEUROFIT 300 scored a gain of 0.86%and that the Stoxx 600 took 0.9%.
The ECB lowered its deposit rate of 25 base points on Thursday to 2.75%.
“The ECB must always compose with a context of economic stagnation in Europe (growth at the fourth quarter of 2024), encouraging it to quickly bring the key rate to a neutral, even accommodating level,” comments Raphaël Thuin, director of capital market strategies at Tikehau Capital.
Economic growth figures in the euro zone, Germany and France, published Thursday, were in fact surprised downwards in the fourth quarter.
“On the other hand, the resilience of inflation challenges (up three months in a row), and the prospects for trade tensions with its main partners encourage to delay,” adds the manager.
The weakness of the euro facing the dollar could also force the ECB and limit the magnitude of its next rate drops.
The markets also react to the many results published in recent hours.
The figures for Meta and Tesla, two of the “Seven Magnificent”, these seven technology companies whose performances have largely contributed to the growth of American actions, were well received by the investors.
Microsoft, however, disappointed, as well as Cigna and UPS. Apple figures are expected after the fence on Thursday.
The prudence of the American federal reserve in the face of the persistence of inflation has also weighed on American assets.
VALUES
The real estate sector has increased by 2%, at the top of the STOXX 600 sectors, supported by ECB rate expectations.
StMicroelectronics collapsed by 11% after announcing to anticipate a net turnover of $ 2.51 billion (2.41 billion euros) in the first quarter of 2025, a target in net compared to the forecasts of ‘last year.
Mersen took 16% after announcing on Wednesday to expect an annual current operating margin at the top of the range of his previous forecasts.
Eurofins reported on Thursday of an annual turnover, at a record level, and jumped 4.8%.
Nokia granted himself 6.8% after announcing a 38% increase in operating profit on Thursday, the fourth quarter, the Finnish group being also optimistic about its 2025 exercise.
Electrolux recorded an operating profit above expectations for the last quarter of 2024 on Thursday, but the manufacturer of household appliances dropped by 3.2% after warning that any American customs duties could add uncertainty.
A Wall Street
Wall Street hesitates at mid-session, reacting to the latest results of major technology groups.
At the time of the closure in Europe, exchanges at the New York Stock Exchange indicated an increase of 0.19% for the Dow Jones, against 0.15% for the Standard & Poor’s 500, and a decline of 0.23 % for the composite Nasdaq.
Changes
The dollar is weakening after the last Fed meeting and a less good GDP figure.
The dollar fell 0.15% against a basket of reference currencies, the euro rises from 0.03% to 1.0423 dollars, and the pound sterling firms from 0.12% to 1.2462 dollar.
RATE
The yields ended in net withdrawal in the euro zone after a salvo of disappointing economic data.
The yield of the ten years German lost 5.7 bp to 2.516%, that of the rate at two years sold 8 pb to 2.194%.
At the time of the closing in Europe, the yield of Treasury at ten years declines from 3.1 pb to 4.5244%, while the yield of the title to two years abandons 1.2 pb to 4.2135%.
OIL
Barrel is added, American sanctions on Russian oil limiting exports from the Western ports of Russia.
Brent increased by 0.84% ​​to $ 77.22 per barrel, the American light crude (West Texas Intermediate, WTI) is added from 0.78% to $ 73.19.
(Written by Corentin Chappron, edited by Sophie Louet)
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