European shares end the week slightly higher Finance

European stock markets ended a little higher on Friday, when investors took note of & # 39; constructive & # 39; trade negotiations between the United States and China and cautious remarks by President Jerome Powell of the US Federal Reserve (Fed).

"Obviously there is no new element in his speech," says AFP Daniel Larrouturou, managing director of Diamant Bleu Gestion.

The Eurostoxx 50 achieved 0.24%

The Paris Bourse ended with a small increase of 0.24%, the CAC 40 index ended at 5.432.50 points.

The automotive sector, which has suffered in recent sessions, is generally on the rise. Valeo achieved 0.47% to 38.20 euros, Michelin 0.44% to 102.75 euros and Renault 0.67% to 72.03 euros. Peugeot, however, ended in red (-0.47% to 23.38 euros). The mine stocks rose as ArcelorMittal (+ 2.39% to 26.19 euros) and Eramet (+ 2.17% to 77.65 euros).

Oil stocks increased due to rising oil prices. Total gained 1.29% to 54.87 euros and TechnipFMC 0.96% to 26.18 euros.

The Frankfurt Stock Exchange ended slightly higher, the Dax took 0.23% to 12,394.52 points.

Siemens has valued 0.38% to 112.26 euros, after denying reports that the company plans to remove 20,000 administrative functions to increase profitability.

The specialized chemist Covestro, formerly in the Bayer business, ended at the top of the index with an increase from 1.16% to 78.62 euros.

The London Stock Exchange closed a slight increase of 0.19%, the FTSE-100 index of the main shares ended at 7,577.49 points.

Glencore increased by 3.30% to 320.75p, Antofagasta 3.55% to 833.60p, Anglo American 2.54% to 1.575p, BHP Billiton 2.16% to 1.661.20p and Rio Tinto from 1.57% to 3.719 pence. The oil majors also climbed: BP increased by 1.11% to 563.70 pence and Royal Dutch Shell ("B" share) by 1.02% to 2,614 pence. The pharmaceutical company Shire has gained 2.05% to 4.513 pence, after receiving the green light from the American regulator for Takhzyro, a treatment against hereditary angioedema.

Construction companies suffered after the publication of a sector indicator that showed a decline in residential real estate loans in July in a year. Berkeley Group decreased by 1.76% to 3.635 pence, Persimmon by 1.41% to 2.45 pence, Taylor Wimpey by 1.52% to 168.80 pence and Barratt Developments by 0.84% ​​to 541.80 pence.

Tobacco companies were also misled, with British American Tobacco supplying 3.42% to 3.909p and Imperial Brands 1.56% to 2.800p.

The Milan Stock Exchange ended higher, with the FTSE Mib index gaining 0.65% at 20.742 points.

Fiat Chrysler Automobiles rose 3.25% to 14.49 euros, followed by StMicroelectronics, which increased 2.56% to 17,425 euros and Buzzi Unicem, an increase from 2.15% to 18.28 euros.

Pirelli lost 2.77% to 7.156 euros, followed by Snam and A2A, which fell 1.94% to 3.64 euros and 1.34% to 1.545 euros.

In Madrid, the Ibex 35 index rose by 0.23% to 9,589.50 points, most of its large values ​​remained light in green. After changing CEOs, the Spanish retail group Dia saw its action rise by 4.82% to 2.13 euros after almost the loss of value since the beginning of the year. The textile giant Inditex increased by 0.74% to 28.54 euro, the oil tanker Repsol 0.52% to 16.50 euro and the electricity distributor Iberdrola 0.49% to 6.50 euro, while that Telefonica remained stable (-0, 08% to 7.33 euros). Banking heavyweights, Banco Santander fell by 0.16% to 4.35 euros and BBVA rose 0.20% to 5.53 euros. The PSI 20 index of the Lisbon stock exchange rose by 0.12% to 5,497.20 points. The BCP bank lost 0.47% to 0.2547 euros. Galp Energia reached 0.54% to 17.64 euros, EDP decreased by 0.77% to 3.37 euros, but its subsidiary in the renewable EDP Renovais rose by 0.40% to 8.69 euros. Jeronimo Martins gained 1.90% to 13.40 euros. The paper manufacturer The Navigator booked 0.27% to € 4,444. The AEX index of the main shares of the Amsterdam Stock Exchange closed 0.25% to 560.29 points. Steel producer Arcelor Mittal achieved 2.39% to 26.18 euros and Altice Europe rose 2.39% to 2.74 euros.

KPN lost 0.71% to 2.23 euro and the chemist and oil tanker Vopak dropped 0.33% to 42.21 euro.

The Brussels Stock Exchange closed a very slight increase of 0.17%, the Bel-20 index of star stocks with 3,805.57 points.

Stainless steel producer Aperam saw the strongest increase (+ 1.36% to 40.30 euros). The post group bpost recovered the day after a difficult session with 1.13% to 13.44 euros.

Six values ​​ended in the red, including Engie (energy), which fell 0.42% to 13.06 euros.

Wall Street to a record level

Wall Street ended sharply on Friday, supported by a speech by Jerome Powell, president of the US central bank (Fed), after a week in which the stock market saw a record of a long life.

According to final results at closing, the Nasdaq index gained 0.86% to 7,945.98 points, a new level.

The broad S & P 500 index gained 0.62% at 2,874.69 points, also at a historically high level. The leading New York index, the Dow Jones Industrial Average, gained 0.52% to 25,790.35 points. During the week, the Dow Jones gained 0.47%, the Nasdaq 1.66% and the S & P 500 0.86%.

Fed chairman Jerome Powell said in a speech at the Jackson Hole conference on Wyoming Friday that he "would do everything he could" to respond to a possible rise in inflation or a crisis. "Investors have waited all week for Jerome Powell's speech and the fact that he wants to fight as he says to inflation is good for investors," said Adam Sarhan of 50 Park Investment. These elements have "helped" the market a little, according to analysts Charles Schwab, indices that have already appeared before the publication of Mr. Powell's speech. "The big news of the week was the record record record of the US market (Wednesday) and the resulting optimism helped support the indices this weekend," said Sarhan. . Less than a month after the tenth anniversary of the outbreak of the financial crisis, Wall Street broke an historic record Wednesday without losing 20% ​​or more, for 3,453 days, in English a "bull market". The indices were also supported by an increase of 5.79% of the Netflix share on Friday, following the positive recommendation of an analyst.

On the bond market, ten-year rates on US debt fell to 2,813%, as against 2,826% at the end of Thursday and the 30-year fell to 2,957%, against 2,980% a day earlier.

The dollar falls against the euro

The dollar withdrew against the euro on Friday after a speech by Jerome Powell, president of the US central bank, where the financier left the prospects for interest rate increases unchanged.

Around 7 pm GMT (9 pm in Paris) the only European currency was trading at $ 1.1623, against 1.1540 Thursday at 9 pm GMT. The European currency appreciated from 129.26 yen against 128.44 yen on Thursday night compared to the Japanese yen. The dollar withdrew somewhat against the yen to 111.20 yen, against 111.29 on Thursday.

In a very cautious speech at the Jackson Hole Central Bankers Conference on Friday, Jerome Powell confirmed his support for "the current trajectory of a gradual interest rate hike".

The greenback, which withdrew a little earlier compared to the euro, has increased its losses after comments from Mr. Powell. "He did not support the dollar and noted that the current timing was right and that investors' expectations were unchanged," said Christopher Vecchio of CFA. Interest rate increases make the dollar more profitable and therefore more attractive to traders, but the effect disappears when investors anticipate them. The dollar prepared to end the worst week since January against the euro, which was also affected by comments made earlier this week by US President Donald Trump. The tenant of the White House said he was "not excited" by Jerome Powell at the head of the institution, which he chose to replace Janet Yellen as head of the Fed. However, Mr Powell has refrained from responding to Mr Trump's criticism or from mentioning the trade policy of tariffs as a risk to the economy. Around 19:00 GMT, we traded gold at $ 1.205.75 against $ 1.185.56 Thursday night.

The Chinese currency ended at 6.8105 yuan for one dollar against 6.8778 yuan on Thursday.

Bitcoin had a value of 6,634.07 dollars, compared to 6,418.67 dollars Thursday night, according to figures compiled by Bloomberg.


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