Standby: +0.01% Volume: -Opening: 4046.33 Perf
Add to my list standby 4050.53 +0.22% close: 4043.22 Perf. Standby: +0.01% Volume: -Opening: 4046.33 Perf. Opening: Capi +0.10%. Exchange: -Low: 4015.76 High: 4056.19 Capi.: -Chart Information Analysis/Composition Brokers Forum From a graphical perspective, the index mark yesterday a long green candle. But he had opened sharply lower and has cup at the end of meeting after flirts with 5800 points. On or progression compared to the previous day actually quite low (+0.32%). The Cac 40 was also largely out of the ascending channel that would guide a strong rise since November 21. The peak was 5795 could mark a turning point in the short term index back into contact with a carrier has 5628 points. Below this threshold, the gap left open between 5551 and 5577 points suck down more consistently..
In this context, the team of Tradingsat.com delivers a negative opinion on the upcoming sessions. Only one crossing in 5795 of meeting points revive the buying pressure.
From the perspective of macro-economic, investors will pay attention to the figures published in the United States at 14:30 Paris time: retail sales, the weekly jobless claims and the index of producer prices. Finally, stocks of U.S. Companies are known to 16h.
The Bank of Canada yesterday values bought for $1.57 billion, making an about-face for the second time in a week so as to keep the interest rate for a day near its target.
The decision to inject liquidity into the banking system and help maintain low interest rates was announced yesterday on the website of the central bank.
The Bank of Canada sold last week values for the first time since last May after making purchases 20 times between August and October 31.
Purchases Thursday show that lenders fear that the credit markets will freeze again because of the repercussions of the collapse of subprime mortgages in the United States, the economists point out.
This week, Royal Bank of Canada and Bank of Nova Scotia, the two largest domestic banks in terms of assets, indicated they would make devaluations combined effect of several hundreds of millions.
This is very definitely a return to risk aversion, said Eric Lascelles, chief economist at TD Securities in Toronto.
Lending rates for one day were more volatile during these two months while new start sweating as regards rising defaults on subprime mortgages in the United States.
The rate loans for a Day of commercial banks increased to 4.55% on August 9 and it dropped to 4.37% on August 28, the Bank of Canada injects additional money into the banking system to lend a hand to the credit markets.
Between September 27 and before yesterday, the rate varies between 4.54% and 4.49%, according to Bloomberg data. The Bank of Canada is sensitive to small deviations from its target rate for loans of a day, which is 4.5%, because that rate affects the cost of loans to businesses and individuals, which in turn influence inflation and economic growth.
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