- Posted June 17, 2014 by
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In this edition. In New York, the Dow ends up at +0.52%; and In Paris, the CAC ends +0.71% this Friday.
In New York where the Dow ends up with +0.52% at 16924.28 points supported by the employment rate, reflecting the recovery in the US economy. Nasdaq +0.59% at 4321.39. The S&Ps benchmark to the fund managers took +0.46% at 1949.44.
Meanwhile, the CBOE VIX volatility index, presented as the barometer of investors’ concerns, has fell -8.13% the lowest level since February 2007. During the week, the Dow took +1.2%. The S&P +1.3% and the Nasdaq +1.9%.
The world's largest economy created 217 thousand jobs in May while the economists expected 218 thousand creations. The unemployment rate remained unchanged at 6.3%: these figures are neither good nor bad, but in line with expectations. On securities, the giant car rental company Hertz Global Holdings fell -9.05% after announcing it would fix its financial results for the last three years with accounting errors.
In Paris, the CAC finished up +0.71% to 4585 points. It took +1.35% over the week. The big event of the ECB with the markets has taken place: investors wanted the ECB to support Europe’s economy, and that is what they obtained. But President Mario Draghi himself explained that the impact of the ECB measures will not be felt from 9 to 12 months and, that above that, governments must consolidate their budgets within a growth oriented policy: Sound.
It is estimated that the ECB has now injected 500 billion euros in the European financial system for the next four years with such measures.
European financial and bond markets were literally in a frenzy after the ECB announced measures with a record performance of the OAT at +1.66%.
European markets are raking in average +0.8% with Euro Stoxx 50 to 3295 dots, despite a modest increase in the DAX +0.4% largely offset to Milan with +1.55% and Madrid with +1.7%, with the IBEX index that paased the 11 thousand points.
In France, the French trade deficit narrowed in April while German surplus continued to grow. Industrial production in Germany has also increased by +0.2%. HiMedia took off with +24%, following the sale of 88% share of the Interactive Odyssey to Webedia to which it is also becoming the preferred partner to market its digital advertising spaces in Europe.