Paris: intense volatility, rise in US indices – 12/02/2021 at 3:54 pm
(CercleFinance.com) – New ‘saloon doors’ sequence in Paris which climbs sharply the day before, catches its breath this morning … then relapsed by nearly -100Pts between 6.851 and 6.758 (-1.8% around 3 p.m.) before to rise to 6,795 (-1.2%).
For Kiplink chartists, this trend degradation is closer to the Paris index of its last major trend support, located at 6705 points.
The Paris stock exchange thus demonstrates its vulnerability to the contradictory information circulating about the ‘Omicron’ variant and which ranges from a bright red alarmism (Germany fears a flooding of hospitals, leans for compulsory vaccination while mass vaccination does not prevent the wave of ‘cases’ most severe since March 2020) to the opinions of infectious diseases doctors deeming the new variant rather benign.
During the last five sessions, the Parisian index has indeed alternated every day between red and green, divided between concerns and hopes about the future of the pandemic.
In addition to the omicron variant (with a first case of contamination in California), investors keep in mind the recent statement by Jerome Powell evoking a possible hardening of the Fed’s policy on the first case of contamination with the new Omicron variant in California.
‘Volatility is once again invited to the financial markets at a time when the end-of-year rally is regularly in place,’ notes Alexandre Baradez, head of market analysis at IG France.
The CBOE’s VIX index – known as the ‘fear index’ – raced well beyond 30 points last night, a new high since the start of the year, with 40% variation between the bottom and the bottom. zenith of the day (response of -7.5% at opening, around 28.8.
On the figure side, after the symbolic shift below the 200,000 mark in weekly jobless claims announced last Thursday, the number increased this week by +28,000 (to 222,000 against 194,000) announced Thursday by the Labor Department.
Economists attended an average of 250,000 jobless claims at the end of the past week.
By extrapolating recent trends, analysts believe that US employment should return to its pre-health crisis level in mid-2022.
The high point of the week chosen tomorrow with the publication of the ‘NFP’, the monthly employment report.
This morning, the figures for unemployment and industrial producer prices (PPI) in the euro zone which were published, without a stir.
In the news of French stocks, Alstom announces the future transfer to Hitachi Rail of the activities related to the contribution of Bombardier Transport for the very high speed train V300 ZEFIRO, within the framework of its commitments vis-à-vis Brussels under the acquisition of Bombardier Transportation.
Pierre & Vacances publishes a net loss of -341.3 million euros for the 2020-21 fiscal year, against -336.1 million in 2019-20, in a context of the continuing health crisis, with a loss operating income which fell from -171.5 to -236.7 million.
On the occasion of its investor day, Safran declares that it is targeting organic revenue growth of more than 10% per year over the period 2021-25, driven by revenue growth from civil engine services activities. about 15% per year.
Finally, TF1 and M6 should be in discussion since September to sell three channels as part of the merger process, according to Les Echos. The disposals would relate to Gulli, 6Ter, TFX and TF1 Séries Films.