PARIS (Reuters) – Europe is increasing on mid -session on Monday, investors focus on geopolitical uncertainties and shoot the defense sector, while Wall Street is closed. In Paris, the CAC 40 rises from 0.15% to 8,191.11 points around 11:19 GMT. The Dax in Frankfurt is strengthened by 0.83%, while the FTSE in London increased by 0.23%.
The pan -European FTSEUROFIRST 300 index takes 0.36%, the Eurostoxx 50 wins 0.31%and the Stoxx 600 increases by 0.35%.
The session is marked by geopolitical uncertainties while Wall Street is closed on Monday for the commemoration of the birth of Georges Washington and the exchange volumes should be limited in Europe without major business indicator or business result.
The next few days will determine whether Russian President Vladimir Putin seriously plans the end of the war in Ukraine, US Secretary of State Marco Rubio said on Sunday, while a dozen European leaders must meet in Paris to try to Develop responses to American peace initiatives in Ukraine.
The stake is important for the old continent. “Europe could be forced to pay for the reconstruction of Ukraine while sharing the profits with the United States,” said Nomura economists in a note.
Already, the positions are evolving on the financing of the defense sector. The president of the European Commission, Ursula von der Leyen, said on Friday wanting to soften the budgetary rules of the European Union by no longer bringing in defense expenditure in the calculation of the public deficit of the member states.
The German Chancellor Olaf Scholz declared to him on Saturday to expect that the next coalition to take power in Germany softens the budgetary rules framing the expenses in the defense.
Values in Europe The defense sector is progressing in mid-session, taking 3.42%, in the context of geopolitical uncertainty and after the declarations of several European leaders on spending in the sector.
At the values, Saab climbed by 10.79%, Leonardo by 5.81%, Thales of 5.87%and Dassault Aviation by 4.48%.
Rheinmetall, Hensoldt and Renk take between 9.35% and 15.11%.
Rate of yields of state bonds in the euro zone are up on Monday against the backdrop of evolution of peace negotiations in Ukraine.
The yield of German ten years takes 6.8 bp to 2.492%, that of the two -year rate rose from 3.9 pb to 2.146%.
Changes
The currencies are rather stable in the absence of a major indicator.
The dollar earns 0.04% against a basket of reference currencies, the euro crosses 0.06% to 1.0485 dollars, and the pound sterling firms from 0.12% to 1.26 dollars.
OIL
The barrel evolves little, the markets focusing on diplomatic developments between Russia and Ukraine.
Brent increased by 0.25% to $ 74.93 a barrel, the American light crude (West Texas Intermediate, WTI) adds to 0.31% to $ 70.96.
No major economic indicator at the agenda of February 17
(Written by Bertrand de Meyer, edited by Kate Entringer)
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