09/07/2012
The CAC 40 is expected to stabilize after three hard sessions
The CAC 40 is expected to stabilize after three hard sessions
The Eurogroup should not meet market expectations. In addition, poor statistics in the United States and China have saddled the atmosphere.
The Paris Bourse is expected slightly higher on Monday morning. A merely technical progress after falling more than 3% wiped by the CAC 40 in the last three sessions. And which should be temporary, while the bad macroeconomic news continue to fall: after U.S. employment that has dampened the U.S. and European markets last Friday, Asian stock markets this morning are cooled by poor figures on current accounts and especially Japanese inflation slowing still in China, predicting a slowdown in growth of the second world power.
Very bad sign for the European crisis: the collapse of the euro. The single currency is at its lowest before another meeting of finance ministers. The euro is trading well against 1.2251 dollars, its lowest level since July 2010 when a new Eurogroup meeting will be held today in Brussels. The central bankers of the euro zone must discuss the implementation of measures adopted at the last EU summit last month. France and Italy urged the euro area to translate "quick" in action advances decided in late June. The markets fear that the summit will fail to realize the measures decided in late June.
Note, however, that in Greece, the new Greek Prime Minister Antonis Samaras won Sunday's parliamentary mandate to implement his policies focused on privatization