Indexes

Parisian stocks showed little volatility during this first session of the week, with the CAC40 index ending up a small 0.18% increase of 4971 points, led by Pernod Ricard (+3.2%) and STM (+1.5%). Today, the investors will take note of the building permits and of the new construction starts at 2:30 pm. In the meantime, future index contracts show a slight increase of 0.1%. Graphically, in hourly data, no change, the prices stabilize beyond the average 100 periods. The 100-point gap remains open and the low limit is 5020 points, which is the short-term resistance. Conversely, it would take a break of 4920 points to further degrade the configuration and aim at the lower target, 4880 points and then, by extension, 4840 points. nbsp;

The Paris Stock Exchange ended the quarter down a limited 0.48% to 6,056 points yesterday, in the wake of the Asian markets and Apple's earnings warning for the current quarter, due to the outbreak of coronavirus.

Japanese equities start the new decade with some volatility, after a good 2019 vintage. The Nikkei has fallen by 0.34% in a mixed climate, between the optimism about international trade and the unspoken crisis in the Middle East. This new situation does not affect all of the stock market's compartments since Nec Corporation has already won 5% since the beginning of the year, as have Fujiflm (+4%) and Yokogawa (+3%). Graphically, on a daily basis, prices have entered a pattern of consolidation from the chart peak beyond the 24,000 point mark. Since then, the seller's market has remained prevalent, a movement confirmed by the correction that took the index up to a tie of 23,120 points. To consider a new step, it would be necessary to exit from the top with a crossing of the 24060 points or a break of the 22840 points. The configuration remains neutral within these two terminals. ...  ... 

At the other end of the planet, the Australian Enlarged Index, the S&P/ASX 200, achieved a good 2019 vintage, accumulating more than 19.7% since the beginning of the year. The 200 stocks in the Sydney Stock Exchange Index have diverging paths. Nevertheless, the majority are in the green since 80% are performing positively. The top prize went to Polynovo, a biopharma company, with a 271% increase. The Melbourne laboratory is currently focusing on the development and commercialization of innovative medical devices using its technology in the treatment of burns, surgical wounds and negative pressure therapy. Jumbo Interactive   (lottery reseller) replicates this exceptional track record with its 193%. On the other hand, Costa Group (fruit and vegetable producer) is picking up sharply, with a decrease of more than 60% Graphically, in daily data, the index returns to test the 6775-point line for the fourth time within two months. Driven by upward moving averages, prices could reach the higher technical level close to 6850 points, zenith inscribed this summer. The powerful upward trend is therefore expected to continue.

The lull in world trade has boosted European values in a context where monetary relaxation is an additional pillar of market support The components of the Stoxx 600 globally validate upward trajectories, with Iliad’s image taking off by 30% over the last month thanks to its recent publication. Even cause, even consequence for Getinge Sweden (medical equipment) which gathers more than 25% on the same reference period. Also on the Fiat Chrysler podium, the Italian action is taking advantage of its merger with Peugeot to win 24%. The automotive sector is a big winner with an increase of 11.5% On the other hand, among the monthly failures, Nokia generated a strong decline at a profit warning. Analysts have strongly downgraded it from where it fell by 30%. Graphically, on a daily basis, prices are continuously increasing from the 377-point base. The positive days follow one another in a historical way to bring the index to 406 points. The moving averages for days remain largely bullish and provide a good environment for the extension of the movement. Any downturn should be used to reposition itself, which should largely limit the consolidation phases. A significant return below 400 points would be required to weaken the current configuration.