Eurostoxx climbs 1.75%.
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European stock markets confirmed their upturn on Tuesday, seeming to welcome the measures taken by the Chinese central bank to curb the economic consequences of the coronavirus crisis, even if caution persists.
“Today’s movement seems linked to the interventions of the Chinese central bank which injects liquidity”, develops Alexandre Baradez, analyst at IG France, after the injection of tens of billions of dollars into the banking system by the Chinese authorities to reassure the markets.
“Chinese news dictates the tempo. It’s a test week, with the reopening of Chinese markets after the New Year break, “he continued, while the toll of the viral epidemic rose Tuesday to 426 dead in China, where containment measures affect about 9 million people.
The World Health Organization continues to refuse to speak of a pandemic, which has also helped reassure investors.
Around 5:15 p.m. GMT, Wall Street was moving in the green: the Dow Jones Industrial Average gained 1.62%, the Nasdaq index, with strong technological coloration, 1.91% and the widened S&P 500 index took 1.68%.
Eurostoxx rose 1.75%.
On the side of values
RAW MATERIALS
Very dependent on the economic situation, these values benefited from the global appeasement in China, the world’s largest importer of metals. BHP took 2.79% at 1,702.20 pence and Rio Tinto 3.01% at 4,206.50 pence. TechnipFMC and ArcelorMittal even jumped, respectively by 5.49% to 15.85 euros and 5.38% to 14.11 euros.
BP WHO CRIES, SHAREHOLDERS WHO LAUGH
The oil giant announced a group share of net profit divided by more than two over a year in 2019 due to a sharp drop in revenue, between a drop in crude prices and a divestment program. Its results, however, exceeded analysts’ expectations and its dividend was raised, to the delight of the title (+ 4.16% to 471.55 pence).
ARROW ATOS
The IT group gained 4.31% to 78.92 euros while it continues its disengagement from the payment services company Worldline (-0.70% to 63.60 euros), with the announced sale of 13.1 % of the capital of its former subsidiary, which has just announced that it wants to buy Ingenico (-1.18% to 121.80 euros).
Clues at a glance
Paris – CAC 40: + 1.76% to 5,935.05 points
Frankfurt – Dax: + 1.81% to 13,281.74 points
London – FTSE 100: + 1.55% to 7,439.82 points
Milan – FTSE MIB: + 1.64% to 23,844.85 points
Madrid – IBEX 35: + 1.68% to 9,562.90 points
Lisbon – PSI 20: + 0.75% to 5,264.14 points
Swiss stock exchange – SMI: + 1.27% to 10,800.64 points
Amsterdam – AEX: + 2.21% to 605.40 points
Brussels – BEL 20: + 2.82% to 4,039.92 points
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