CAC 40: a positive trend in the wake of New York

(CercleFinance.com) – The Paris Bourse should progress Thursday at the opening, in the wake of the new records recorded last night on the Wall Street stock exchanges.

At around 8:15 am, the ‘future’ contract on the CAC 40 index – February delivery – is up 24.5 points to 5648 points, announcing a favorable start to the session.

US equity markets posted new all-time highs on Wednesday, supported both by well-received corporate results and the arrival of a new administration in Washington.

Joe Biden was sworn in as the 46th President of the United States yesterday and calls on his compatriots to rebuild a united America after years of deep divisions.

‘In his inaugural address, Biden attempted to refresh the tone coming from Washington by calling for an end to what he sees as an’ uncivil war ‘and by asserting that’ politics must not be a fire that destroys everything on its way, ” Deutesche Bank analysts recall.

While investors have taken Wall Street to new heights under the Trump era, they also know that stocks tend to perform well under Democratic terms.

Main event of the day, the ECB will communicate its monetary policy decisions at 1.45 p.m., announcements which will be followed from 2.30 p.m. by a press conference by its president, Christine Lagarde.

According to economists, the meeting should not result in the implementation of new measures, after the important recalibration of monetary policy instruments announced last month.

‘However, faced with the worsening health situation and the return of containment measures, the ECB should reiterate its ability to do more if necessary,’ predicts Franck Dixmier, at Allianz Global Investors.

The day also promises to be busy in economic indicators with the publication in the United States of weekly registrations for unemployment benefits, the latest real estate figures and the Philadelphia Fed index.

Several heavyweights of the rating must also unveil their quarterly results today, such as the American insurance group Travelers whose accounts are expected before the opening of the American markets.

The technology giants Intel and IBM will imitate it in the evening, after the close of Wall Street, thus kicking off the publications of the large groups of technology.

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