European markets increasingly reassured about the future

Paris gained 0.56%, Frankfurt 0.37% and London 0.07%. These three places have progressed slightly over the whole week.

European stock markets finished higher on Friday, with the outlook continuing to brighten for 2021.

Paris gained 0.56%, Frankfurt 0.37% and London 0.07%. These three places have progressed slightly over the whole week.

The five sessions were marked by “a general drop in volatility in the various asset classes and a continuation of the catching up of the companies most affected by the pandemic”, note the analysts of Edmond de Rothschild.

In the United States, the fear index, the VIX, which shows market volatility, fell below 20 for the first time since March.

Closed Thursday, US markets were only open until 6:00 p.m. GMT Friday, the day after Thanksgiving. At the close, the S&P 500 (+ 0.25%) and the Nasdaq (+ 0.92%) ended at a record high.

The markets are calm while, in terms of health, “the various governments seem to be putting themselves in battle order to start the vaccination campaign in the coming weeks”, continue analysts at Edmond de Rothschild.

In addition, Thursday evening Donald Trump declared for the first time that he would leave the White House if Joe Biden’s victory in the November 3 presidential election was confirmed.

“This uptrend could continue until the nomination of Joe Biden in January,” said Franklin Pichard, director of Kiplink Finance.

On the debt market, yields remained stable on Friday for all European countries.

Another sign of renewed investor confidence, gold, a value prized in times of crisis, continued its plunge and fell below the threshold of $ 1,800 per ounce on Friday, a threshold more reached since July.

EDF electrified

The electrician EDF was carried by press articles reporting an agreement between Paris and the European Commission for an increase in the price of nuclear energy that it must sell to its competitors, as well as progress on its reorganization plan.

“This news has raised the stock price targets by analysts. This is positive in a context of sector rotation, ”which is already benefiting energy stocks and those dependent on economic activity, adds Mr. Pichard.

The title climbed 11.03% to 12.99 euros.

Astrazeneca resists

The vaccine against the Covid-19 disease developed by the British laboratory (+ 0.28% to 7,770.00 pence) and the University of Oxford, whose announcement sparked optimism in the markets at the beginning of the week, requires “An additional study,” said the CEO of the group after criticism of the results announced.

The indices in brief

Paris – CAC 40: + 0.56% to 5,598.18 points
London – FTSE 100: + 0.07% to 6.367.58 points
Frankfurt – Dax: + 0.37% to 13,335.68 points
Madrid – IBEX 35: + 1.06% to 8,190.70 points
Milan – FTSE MIB: + 0.68% to 22,352.46 points
Zurich – SMI: + 0.03% to 10,501.18 points
Amsterdam – AEX: + 0.70% to 611.67 points
Brussels – Bel 20: + 0.76% to 3,719.36 points
Lisbon – PSI 20: + 0.97% to 4,651.82 points

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