POINT MARKETS-European stock markets rise with "techs" despite Altran's plunge



[ad_1]

     * The Stoxx 600 advances by 0.4%, the index of techs takes near
from 1%
    * Nasdaq Composite set a record Thursday in session
    * The sector rises in Europe despite the fall of Altran (-17%)
    * The dollar up before the confidence index of the
Michigan

    by Blandine Henault
    PARIS, July 13 (Reuters) - The main stock exchanges
European markets are on the rise on Friday, driven by
technology compartment after records posted the day before
on Wall Street on this segment, and this despite the plunge
of Altran ALTT.PA.
    The acceleration of the ball of results publications to
United States, with the announcements expected in the early afternoon of
JP Morgan Chase JPM.N, Citigroup C.N and Wells Fargo WFC.N,
is also an encouraging signal for
investors, who generally expect a good season
for corporate profits.
    In Paris, the CAC 40 .FCHI index gained 0.49% at 5.432.3
points around 08:00 GMT. In Frankfurt, the Dax .GDAXI is progressing
0.51% and in London, the FTSE .FTSE advances by 0.75%.
    The EuroStoxx 50 index of the euro zone .STOXX50E wins
0.37%, the FTSEurofirst 300 .FTEU3 rises 0.41% and the Stoxx
600 .STOXX takes 0.41%.
    The Stoxx index of the .SX8P technology fund climbed
0.96%, the largest sectoral increase in Europe, driven by
the giants of the "tech" on Thursday on Wall Street.
    Facebook FB.O (+ 2.16%), Microsoft MSFT.O (+ 2.17%) or
Amazon AMZN.O (+ 2.37%) reached record levels,
which brought the Nasdaq Composite Index .IXIC to a higher
history of 7,825 points in session.
    The S & P "techs" index .SPLRCT gained 1.79% on the
session and now displays the best sectorial performance
on Wall Street since the beginning of the year.
    
    ALTRAN CONCERNED
    The recent rise in risk aversion has fueled the appetite of
investors for US equities, and for securities
in particular, considered to be safer
increased uncertainty, thanks to their dynamic earnings
very solid.
    European equities tend to be neglected,
penalized by the slowdown observed at the beginning of the year
the economy of the euro area and the political turmoil in
Italy, Germany and the United Kingdom.
    Trade tensions also weigh, while
the European Union is targeted by the protectionist policy of
Donald Trump who could affect including imports of
cars.
    Funds invested in European equities turned eighteenth
week in a row of net outflows, according to Bank data
of America Merrill Lynch Global Research (BAML).
    The rise, Friday, of the technology compartment in Europe
is despite the plunge by Altran ALTT.PA
(-16.94%) after the announcement of the discovery of irregularities at
its recently acquired Aricent subsidiary. The group said to have
discovered fictitious purchase orders for 10 million
million (€ 8.58 million) and indicated that this was
because of an individual on a client.
    This incident leads Altran to revise the margin profile
from Aricent to around 15.6% over the last twelve months to June
2018.
    "A certain skepticism could settle on the
Aricent's financial potential, while the group launched a
thorough investigation to verify that the incident is well
isolated, "say badysts at Invest Securities.
    
    GREEN TICKET MONTE
    On the foreign exchange market, the dollar index, which measures
the evolution of the greenback against a basket of six currencies
reference, is up 0.36% to come closer to a peak
almost a year to the end of June. .DXY
    US currency benefits from recent indicators
encouraging on the US economy, and particularly on the
rate of inflation, which also pushed up somewhat the
10-year Treasuries. US10YT = RR
    The euro thus comes back 1.1626 dollar, to a low since the
Beginning of the month. EUR =
    The traders will monitor at 14:00 GMT the publication of the
first estimate of the consumer confidence index
measured by the University of Michigan, which could show a
impact of trade tensions. The index is expected down
to 98.2 in July, compared to 99.3 the previous month, according to
economists polled by Reuters.
    In the oil market, crude oil prices are falling
new, penalized by persistent trade tensions and
fears of an increase in production with the return
at the normal found in Libya and the prospect of a
relaxation of the agreement to reduce production between
members of OPEC and some major producing countries.
    The barrel of Brent LCOc1 for now shows a decline in
4.7% since the beginning of the week, its biggest drop
weekly since the week to 9 February.
    
  MARKETS
 EUROPEAN
                                                                
 Indices Last Var. Var. % YTD
                          Points
 Eurofirst 300 1510.47 +6.17 + 0.41% -1.25%
  .FTEU3
 Eurostoxx 50 3458.16 + 12.67 + 0.37% -1.31%
  .STOXX50E
 CAC 40 5432.27 + 26.37 + 0.49% + 2.25%
  .FCHI
 Dax 30 12555.16 +62.19 + 0.50% -2.81%
  .GDAXI
 FTSE .FTSE 7707.96 +56.63 + 0.74% + 0.26%
 SMI .SSMI 8842.80 +24.61 + 0.28% -5.75%
  Values ​​to follow in Paris and
 in Europe: WATCH / LFR
                                                                
  SCHOLARSHIPS
 ASIAN
 Indices Closing Var. Var. % YTD
                          Points
 Nikkei-225 22597.35 +409.39 + 1.85% -0.74%
  .N225
 Topix .TOPX 1730.07 +20.39 + 1.19% -4.81%
 Hong Kong 28513.01 + 32.18 + 0.11% -4.70%
  .HSI
 Taiwan 10864.54 + 126.16 + 1.17% + 1.44%
  .TWII
 Seoul .KS11 2310.90 +25.84 + 1.13% -6.35%
 Singapore 3260.26 +7.25 + 0.22% -4.19%
  .STI
 Shanghai 2831.55 -6.11 -0.22% -14.38%
  .SSEC
 Sydney 6268.40 +0.10 + 0.00% + 3.35%
  .AXJO
 The fence in Tokyo:
  .TFR
                                                                
  WALL STREET
  The session
 former :
 Indices Last Var. Var. % YTD
                          Points
 Dow Jones 24924.89 +224.44 + 0.91% + 0.83%
  .DJI
 S & P-500 2798.29 +24.27 + 0.87% + 4.66%
  .SPx
 Nasdaq 7823.92 +107.30 + 1.39% + 13.33%
  .IXIC
 Nasdaq 100 7366.25 +122.27 + 1.69% + 15.16%
  NDX
                                                                
  Report of the meeting in Wall
 Street: .NFR
 "The Day Ahead" - Update on the next session
 Wall Street DAY / US
                                                                
  EXCHANGE
                Course Veille Var.% YTD
 Euro / Dlr 1,1626 1,1671 -0.39% -3.08%
  EUR =
 Dlr / Yen 112.77 112.55 + 0.20% + 0.09%
  JPY =
 Euro / Yen 131.13 131.31 -0.14% -3.00%
  EURJPY =
 Dlr / CHF 1.0033 1.0022 + 0.11% + 2.98%
  CHF =
 Euro / CHF 1,1669 1,1696 -0.23% -0.17%
  EURCHF =
 Stg / Dlr 1.3126 1.3204 -0.59% -2.86%
  GBP =
 Index $ 95,1430 94,8060 + 0.36% + 3.28%
  .DXY
                                                                
 GOLD
                Course Veille Var.% YTD
 Gold Spot 1241.60 1246.77 -0.41% -4.67%
  XAU =
                                                                
  RATE
                                                                
                          Last Var. Spread / Bund
                                                 (Pts)
 Future Bund 162.92 +0.15
  FGBLc1
 Bund 10 years 0.28-0.01
  DE10YT = RR
 Bund 2 years -0.66 +0.00
  DE2YT = RR
 OAT 10 years 0.63 -0.00 +35.09
  FR10YT RR =
 Treasury 10 years 2,85 -0.01
  US10YT = RR
 Treasury 2 years 2,59 +0,00
  US2YT = RR
                                                                
  OIL
 (in dollars) Courses Previous Var Var% YTD
                          t
 Light US $ 70.12 70.33 -0.21 -0.30% + 16.05%
  CLc1
 Brent LCOc1 73.65 74.45 -0.80 -1.07% + 10.14%
                                                                
 
 (Edited by Juliette Rouillon)
 
 

[ad_2]
Source link