PARIS (Reuters) – European scholarships are down Thursday at mid -session, investors integrating the multiple monetary policy decisions in an uncertain geopolitical context. Wall Street and the majority of American markets are closed on Thursday due to a holiday celebrating the end of slavery. In Paris, the CAC 40 folded up from 0.85% to 7591.19 points around 11:38 GMT. The Dax in Frankfurt abandons 0.53%, while the FTSE in London declines 0.32%.

The pan -European FTSEUROFIRST 300 index loses 0.42%, the Eurostoxx 50 fell by 0.82%and the Stoxx 600 declines by 0.48%.

Investors analyze the numerous monetary policy decisions on the one hand and the other of the Atlantic on Thursday while geopolitical tensions, especially between Israel and Iran, are growing.

“Conflict in the Middle East, status quo of the Fed and American macroeconomic data, the markets do not have many branches to which short-term,” said Alexandre Baradez, responsible for market analysis at IG France.

On Wednesday, the American Federal Reserve (FED) maintained its unchanged interest rates and said that the overall pace of its future rate decreases should slow down the prospect of an increase in inflation.

On Thursday, the Bank of England (BOE) also opted for the status quo pending the economic consequences of geopolitical and commercial tensions.

Earlier, the Swiss National Bank (BNS) lowered its main key rate to zero due to negative inflation and did not exclude bringing this rate below zero soon.

“In our opinion, the real subject today is not military climbing in the Middle East, but the imminent return of negative rates”, judges Christopher Dembik, investment strategy advisor at Pictet AM.

The Central Bank of Norway, Norges Bank, also dropped for the first time in 5 years its main reference rate on Thursday, going from 4.5% to 4.25%.

Values ​​in Europe

Kering lost 3.36% and recorded one of the worst performance of the CAC 40 after Berenberg said in a note published Thursday to expect a stagnation of luxury expenditure of Chinese consumers in the coming years and mentioned the French group as one of its “less favorite” values ​​in this context.

Eutelsat won 10.69%, the satellite operator who signed a 10 -year agreement with the French government for its armed forces.

Elsewhere in Europe, Rio Tinto fell 1.8% after agreeing to pay $ 138.75 million to end a litigation.

The oil and gas sector earns 0.44% while crude prices are now close to a top of four and a half months with geopolitical tensions.

Rate European yields are slightly increasing Thursday after folds on Wednesday, investors reacting to monetary policy decisions.

François Villeroy de Galhau, governor of the Banque de France and member of the BCE Governors’ Council, also said Thursday that he did not exclude a drop in the rates of the Frankfurt institution in the next six months.

The yield of German ten years is strengthening from 1.6 bb to 2.516%, that of the rate at two years loses 0.4 pb to 1.843%.

The British ten -year yield takes 2 basic points and that in years loses 0.03 base points at 3.892%.

Changes

The dollar is stable Thursday in the middle of the day, after posting an increase in the morning, and could sign its best weekly performance since the end of January with the search for refuges values.

The dollar earns 0.06% against a basket of reference currencies, the euro rises from 0.04% to 1.1484 dollars, and the pound sterling firms from 0.16% to 1.3439 dollars.

OIL

Oil prices are increasing on the rise Thursday after Israel said they have attacked Iranian nuclear sites overnight, nourishing fears of a Middle East confraction which could weigh on crude supplies.

Brent increased by $ 1.15% to $ 77.58 a barrel, the light American crude (West Texas Intermediate, WTI) is added from 1.61% to $ 76.35.

No major economic indicator at the agenda of June 19

(Written by Bertrand de Meyer, edited by Sophie Louet)

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