Wall Street drop does not disrupt European markets

At 11 am, European markets continued their timid rally, but the unexpected decision by the US government to stop funding certain Federal Reserve emergency programs calls for caution.

The Nice 20 0.33% advance. In Paris, the index CAC 40 gained 0.52% and, in Frankfurt, the Dax takes 0.37%. London and its FTSE 100 0.14% are granted. The index EuroStoxx 50 of the euro zone is up 0.43% and the Stoxx 600 0.49%.

The European index of basic resources And the one of energy sign the strongest increases with respective gains of + 1.5% and + 1.1%. The sector distribution is not far behind, its Stoxx index taking 0.99%. The giant Amazon announced Thursday evening the postponement to December 4 of the promotional operation “Black Friday” in France while the confinement forces some businesses to remain closed in France.

The commercial real estate group Unibail-Rodamco-Westfield takes 1.28%, but the largest increase in the ACC amounts to TechnipFMC with + 2.1%. Europcar gained 10% after saying Thursday that it would continue discussions with creditors in order, in particular, to reduce the level of its debt.

Elsewhere in Europe, BPER Bank gains 2.14% after its main shareholder declared himself strongly in favor of a merger with Banco BPM, which takes 3.61%.

Zalando gained 1.49% after saying they anticipate an acceleration in sales growth next year.

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