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.