The Paris Bourse advanced again
The CAC 40 in advance of 1.52% to 3150.99 points, led by banks. After the meeting of the Eurogroup, eyes turn to Italy, where there will be a crucial vote in Parliament.
The Eurogroup meeting she reaches to allay fears about the debt crisis crippling the Paris market? On Tuesday, the leading index of 1.46% in mid-session at 3150.99 points driven by banking stocks. Yesterday, after long hesitation, the CAC 40 finished down 0.66% to 3123.99 points.
Greece but also Italy, however, always crystallize concerns have increased as rumors of leaving the Prime Minister Silvio Berlusconi , immediately denied by the latter. Nevertheless, if the vote to be held today at the Chamber of Deputies on the budget is negative, the departure of Cavaliere seem inevitable. Meanwhile the distrust of investors facing the country’s public debt is climbing. The performance of the obligation of Italian 10-year, reaching 6.73% in the morning (before falling to 6.66%), an unsustainable level over time under the weight of the debt.
At the same time, the finance ministers of the euro area gathered in Brussels last night stepped up their pressure on Athens and Rome to the two countries meet their commitments to reduce deficits. In the process, Wall Street ended on an optimistic note . This morning, the Asian markets have proven uncertain and divided .
In this context, oil prices are rising. The barrel of “light sweet crude” for December delivery gained 0.36% to 96.29 dollars. Barrel of Brent North Sea crude for December delivery advanced on his side of 0.75% to 115.74 dollars.
In terms of macroeconomic indicators, the trade deficit of France recorded a sharp rise in September to 6.30 billion euros after 4.31 billion in August, partly because of a reflux aircraft sales.
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