The future of Bouygues Telecom boosts the sector and in particular Numericable, SFR
On Monday morning, the action of the operator Numericable, SFR telecoms taking off to Paris for more than 7%. After nearly scuppered the negotiations enter their final stretch, Les Echos revealed Saturday. A dynamic positive again would have installed, but the participation of Bouygues in the future together is still under debate. According to press reports, Orange, Free and SFR would have agreed on a sharing scheme assets of Bouygues Telecom.
The hope of an imminent agreement supports all the area. Iliad (parent company of Free) allows itself about 3.50% to 217.75 euros, Bouygues 4.2% to 33.60 euros and Orange 3.50% to 15.41 euros
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European markets rebound with banks
in the wake of the Asian markets, European stock markets appear to net gains on Monday morning.
– Paris takes over 3%
– Frankfurt gained 2.70%
– London was up 1.74%
– Milan takes over 3%
indexes benefit including banks rebound began last Friday. BNP Paribas gaining 3.5%, Credit Agricole over 4% and 5% Générale. The banking sector was battered by the markets in recent times.
What you should know before starting the week
HSBC has finally decided to keep its headquarters in the UK, not to move, especially to Hong Kong. The decision was taken unanimously by the Board of Directors and revealed Sunday evening. If the facility is a time considered moving its headquarters, is due to the heavy tax on banks imposed by the British authorities and other costs associated with locating the headquarters in London.
After a tumultuous week in Europe and the US, investors will keep a close eye on the Chinese shares that are back – they were closed due to the transition to new Year. Before the reopening, the country’s authorities have tried to reassure investors about the value of the Yuan. The president of the Chinese central bank, Zhou Xiaochuan, told Saturday to business magazine “Caixin” nothing justifies a continued devaluation of the renminbi. Chinese stock exchanges fell by less than 0.5% Monday to the end of the session.
Japan , and defying all logic macro, the index Nikkei 225 ended Monday on a jump of 7.16%, despite the bad news. Investors focused on the upward movement of the yen, which obsesses their investment strategies.
Banks will also be the center of attention. They were one of the factors of the market rout last week. Société Générale in particular has borne the brunt Thursday after the release of its results considered disappointing. The property-based defense saw its stock plunge nearly 13%. This week it is the turn of the last major French bank to lend to exercise. Wednesday, February 17, the group Credit Agricole publish its annual results.
About bank , the Deutsche Bank share price benefited from the announcement of a massive debt buyback plan to bounce back Friday. That Commerzbank has done the same: its title took 18% on the Frankfurt Stock Exchange after its results. Indeed, for the first time in five years, the second German bank earned in 2015 more than a billion euros in net. Learn all about the challenges faced by banks to calm the markets here.
Always about banks, Danièle Nouy, supervisory board chair in the Central Bank EU held a reassuring speech about the Greek settlements. She says Greek banks are in “good shape” and does not need a new recapitalization after the one that brought them 14.4 billion euros last fall: “The plans, in terms of capital, have been implemented, and there is therefore no additional capital requirements. In this respect, all is well, “said Danièle Nouy.
Mario Draghi , President of the European Central Bank will speak on Monday in Brussels. It could send signals to a strengthening of monetary easing in anticipation of the big meeting in March. In January the ECB had announced that it planned to reassess and review its monetary policy given the risks to growth and inflation. Note that as of Tuesday, the German supreme judges lean again on the ECB device to stem the crisis in the euro area.
Wall Street, the publication of the “minutes” of the Fed Wednesday will be eagerly awaited by investors. They will look to close this account of the last meeting of the Monetary Policy Committee to learn more about in the pace of rate hikes begun in December 2015. In its recent public speaking, the president of the central bank American has maintained doubts. Markets, they do not believe in a rate hike in 2016.
The return of Iran on the market oil accurate. The country currently exports 1.3 million barrels per day of crude oil. This figure will reach 1.5 million barrels by the start of the Iranian New Year on March 20, said the Iranian President Eshaq Jahangiri vice quoted Saturday by the Shana Iranian news agency. Note that the price of black gold are significantly reassembled Friday carried by a new hope in coordinated action by major producing countries facing oversupply. A barrel of WTI, US benchmark, took more than 12% on the day, and Brent, the European benchmark, gained more than 10%
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