After opening on a bullish note Friday, the Paris flagship index began to doubt at midday before falling into the red to 13 hours, and recross the same time below 4000 points. A publication of the results of the U.S. bank JP Morgan, the first financial institution to release its results for the fourth quarter, the CAC 40 index declining significantly: -1.53% to 3954.38 points.
Elsewhere in Europe markets follow the trend. In Germany, the Dax 30 lost 1.89% to 5875.97 points, while in London, the FTSE loose 0.78% to 5455.37 points. Even constant across the Atlantic: the Dow Jones and Nasdaq, respectively, yield 0.96% to 10.608 points and 1.09% to 2.292 points.
The day before the meeting was supported by the world leader in microprocessors, which Intel confirmed on Thursday resumed its activities.It posted net income nearly tenfold in the fourth quarter of 2009, which allowed him to limit to 17% decline in annual net profit to 4.369 billion dollars. This Friday, the atmosphere is leaded by JP Morgan which nevertheless reported a net profit doubled in 2009 to 11.7 billion dollars. Investors punish a net banking income of 23.1 billion in the fourth quarter against 17.226 billion in 2008. Caution CEO of the group remains concerned about the sector.
The consumer prices in the United States rose by 0.1% in December, bringing inflation over the whole of 2009 to 2.7%, according to figures released Friday by the Labor Department. Industrial production, it increased in December by 0.6%, as expected by analysts. But this increase was primarily allowed by having an unusually cold boosted the energy sector.The preliminary index of consumer confidence from the University of Michigan rose slightly in January to 72.8 points, which is slightly better than expected by analysts.
At 11 hours, Eurostat has revealed that inflation in the euro area accelerated in December to 0.9% yoy, reaching its highest level in ten months, according to the second estimate.
As for currencies, the euro fell against the U.S. dollar from 0.81% to 1.4377 dollars. Even disappointment for oil: a barrel of Brent North Sea crude for March delivery (first delivery day of the contract) lost 0.70% to 77.64 dollars. The barrel of "light Texas crude (WTI) traded on the New York Mercantile Exchange (Nymex) for the same maturity yield 1.29% to 78.68 dollars.