Financial markets analysis: Investors very reassured 24/01/2020

<h6><em><strong>Join us on telegram and receive free Buy&sol;Sell Alertes by <a href&equals;"https&colon;&sol;&sol;t&period;me&sol;AstorZcom">clicking here<&sol;a><&sol;strong><&sol;em> <&sol;h6>&NewLine;<h6>The main European stock markets rose on Friday morning and wiped out their losses of the previous day&comma; the decision of the World Health Organization not to declare an international emergency linked to the coronavirus epidemic in China having momentarily allayed fears of a global pandemic&comma; while initial results from PMI surveys suggest improved activity in Germany&period;<&sol;h6>&NewLine;<h6>In Paris&comma; the CAC 40&comma; which finished below 6&comma;000 points on Thursday for the first time since December 31&comma; gained 1&period;4&percnt; to 6&comma;055&period;58 around 8&colon;50 GMT&period; In London&comma; the FTSE 100 takes 1&period;28&percnt; and in Frankfurt&comma; the Dax advances by 1&period;4&percnt;&period;<&sol;h6>&NewLine;<h6>The EuroStoxx 50 index was up 1&period;44&percnt;&comma; the FTSEurofirst 300 by 1&period;06&percnt; and the Stoxx 600 by 1&period;22&percnt;&period;<&sol;h6>&NewLine;<h6>Coronavirus identified in Wuhan&comma; central China&comma; killed 25 and infected 830 people nationwide according to the latest count released by Beijing&comma; but no deaths have occurred in other countries &lpar;seven so far &rpar; where cases have been reported&period;<&sol;h6>&NewLine;<h6>The World Health Organization &lpar;WHO&rpar; has given up on declaring an international public health emergency&period; The Chinese authorities continue to announce traffic restriction measures to try to limit the risks of spreading the epidemic&period;<&sol;h6>&NewLine;<h6>In Europe&comma; provisional results from IHS Markit surveys of purchasing managers suggest an improvement in activity in Germany and a measured impact of strikes on the sentiment of purchasing managers in France&period;<&sol;h6>&NewLine;<p> <script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> <&excl;-- Astorz Responsive --> <ins class&equals;"adsbygoogle" style&equals;"display&colon; block&semi;" data-ad-client&equals;"ca-pub-4546566709122407" data-ad-slot&equals;"7158553454" data-ad-format&equals;"auto" data-full-width-responsive&equals;"true"><&sol;ins> <script>&NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi;&NewLine;<&sol;script><&sol;p>&NewLine;<h4>VALUES<&sol;h4>&NewLine;<h6>Carrefour &lpar;PA&colon; CARR&rpar; gained 5&period;23&percnt;&comma; the largest increase in the CAC 40&comma; the day after the announcement of an acceleration in sales growth in the fourth quarter and a forecast growth in current operating income annual&period;<&sol;h6>&NewLine;<h6>In Frankfurt&comma; Bayer &lpar;DE&colon; BAYGN&rpar; wins 3&period;79&percnt; and shoots the Dax after a press article evoking a possible amicable settlement to ten billion euros of complaints against Roundup&period;<&sol;h6>&NewLine;<h6>On the downside&comma; Rémy Cointreau &lpar;PA&colon; RCOP&rpar; yields 8&period;84&percnt;&comma; the market sanctioning a 4&period;1&percnt; drop in turnover over nine months and the suspension of its objectives for the current and medium-term financial year term&period;<&sol;h6>&NewLine;<h6>Ericsson &lpar;ST&colon; ERICb&rpar; lost almost 6&percnt;&period; The Swedish telecommunications network equipment group announced a sharp increase in adjusted operating profit in the fourth quarter of 2019&comma; while explaining that the period had been affected by the slowdown in its activities in the United States&period;<&sol;h6>&NewLine;<h6>Ipsen &lpar;PA&colon; IPN&rpar; drops 20&period;63&percnt; after stopping clinical trials of an experimental treatment for a rare bone disease&period;<&sol;h6>&NewLine;<p> <script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> <&excl;-- Astorz Responsive --> <ins class&equals;"adsbygoogle" style&equals;"display&colon; block&semi;" data-ad-client&equals;"ca-pub-4546566709122407" data-ad-slot&equals;"7158553454" data-ad-format&equals;"auto" data-full-width-responsive&equals;"true"><&sol;ins> <script>&NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi;&NewLine;<&sol;script><&sol;p>&NewLine;<h4>IN ASIA<&sol;h4>&NewLine;<h6>On the Tokyo Stock Exchange&comma; the Nikkei index ended up 0&period;13&percnt; in a hesitant session between concerns over the Chinese virus and the relief provided by Intel &lpar;NASDAQ&colon; INTC&rpar;&period;<&sol;h6>&NewLine;<h6>The Japanese indicators of the day also showed a softening of the contraction of activity in the manufacturing sector in January and an acceleration of inflation in December&comma; still far from the objective of the Bank of Japan&period;<&sol;h6>&NewLine;<h6>Over the whole week&comma; the Nikkei posted a decline of 0&period;89&percnt; after two weeks of increases&period;<&sol;h6>&NewLine;<h6>The markets of Mainland China&comma; Hong Kong&comma; Taiwan and South Korea are closed due to the Lunar New Year&period;<&sol;h6>&NewLine;<p> <script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> <&excl;-- Astorz Responsive --> <ins class&equals;"adsbygoogle" style&equals;"display&colon; block&semi;" data-ad-client&equals;"ca-pub-4546566709122407" data-ad-slot&equals;"7158553454" data-ad-format&equals;"auto" data-full-width-responsive&equals;"true"><&sol;ins> <script>&NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi;&NewLine;<&sol;script><&sol;p>&NewLine;<h4>WALL STREET<&sol;h4>&NewLine;<h6>The New York Stock Exchange ended in dispersed order and without much variation Thursday&comma; after a session during which it will have found it difficult to follow a lasting trend according to the information on the spread of a coronavirus in China and following mixed corporate results&period;<&sol;h6>&NewLine;<h6>The Dow Jones index lost 26&period;18 points &lpar;-0&period;09&percnt;&rpar; to 29&comma;160&period;09&comma; the Standard &amp&semi; Poor&rsquo&semi;s 500 gained 3&period;79 points&comma; or 0&period;11&percnt;&comma; to 3&comma;325&period;54 and the Nasdaq Composite a gained 18&period;71 points &lpar;0&period;20&percnt;&rpar; to 9&comma;402&period;48 points&comma; barely breaking its closing record&period;<&sol;h6>&NewLine;<h6>Intel gained 7&percnt; in off-session trading after the close&comma; with investors hailing 2020 forecasts above expectations which support the scenario of a recovery in the semiconductor market&period;<&sol;h6>&NewLine;<h6>As a result of the renewed appetite for risky assets&comma; the ten-year German Bund&rsquo&semi;s yield rose by more than one basis point to -0&period;29&percnt; after three consecutive sessions of decline which brought it down Thursday to -0 &comma; 3&percnt;&comma; the lowest since mid-December&period;<&sol;h6>&NewLine;<p> <script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> <&excl;-- Astorz Responsive --> <ins class&equals;"adsbygoogle" style&equals;"display&colon; block&semi;" data-ad-client&equals;"ca-pub-4546566709122407" data-ad-slot&equals;"7158553454" data-ad-format&equals;"auto" data-full-width-responsive&equals;"true"><&sol;ins> <script>&NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi;&NewLine;<&sol;script><&sol;p>&NewLine;<h4>Forex EXCHANGE<&sol;h4>&NewLine;<h6>The euro remains close to the seven-week low hit Thursday during the press conference by Christine Lagarde&comma; the president of the European Central Bank &lpar;ECB&rpar;&comma; marked by a tone more cautious than anticipated by the majority of observers&period; The single currency is traded around 1&period;1050 dollars against 1&period;1036 at Thursday&rsquo&semi;s low&period;<&sol;h6>&NewLine;<p> <script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> <&excl;-- Astorz Responsive --> <ins class&equals;"adsbygoogle" style&equals;"display&colon; block&semi;" data-ad-client&equals;"ca-pub-4546566709122407" data-ad-slot&equals;"7158553454" data-ad-format&equals;"auto" data-full-width-responsive&equals;"true"><&sol;ins> <script>&NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi;&NewLine;<&sol;script><&sol;p>&NewLine;<h4>OIL&sol;Brent<&sol;h4>&NewLine;<h6>Crude prices are up slightly after the announcement of a drop in stocks in the United States last week&comma; but they are heading towards a drop of almost 5&percnt; over the whole week&comma; mainly due to fears of a decline in Chinese demand&period;<&sol;h6>&NewLine;<h6>Brent crude oil gained 0&period;37&percnt; to &dollar; 62&period;27 a barrel and light American crude &lpar;West Texas Intermediate&comma; WTI 0&period;43&percnt; to &dollar; 55&period;83&period;<&sol;h6>&NewLine;

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