Delayed Quote. Delayed  - 06/18 11:50:00 am
452.05PTS -1.58%

Inflexible ascension

11/12/2019 | 07:50am
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.

Patrick Rejaunier
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