The Paris markets are taking a break
The Paris Bourse takes a deep breath. After recording, the day before, a new annual record over 4050 points, the CAC lost 0.67% to 4026.97 points. Everywhere in Europe, investors took advantage of the strong performance of recent days to garner a share of their profits. London and Frankfurt lost 0.22% and 0.48%.
Wall Street, which also navigates the unknown peaks over 18 months, was also a break. The Dow dropped 0.24% in session and the Nasdaq is 0.20%.
The minutes of the Fed meeting on 16 March confirmed that the U.S. central bank remained committed to maintaining its policy rates "unusually low", "for a period of time."But at the same time the debate on the need to adopt a real strategy for ending the crisis is more urgent and animated.
Concerns persist about Greece
Indeed, the United States but also in Europe, signs of economic recovery are daily becoming more numerous and tangible. Yesterday, activity in the private sector in the euro area recorded in March, its strongest growth in two and a half years.
Other good news, orders to German industry, the mainstay of the economy in Germany, continue to recover. However, the foreign exchange market, the euro retreated further against the greenback falling dollar sitting in 1.335 penalized by persistent concerns about the ability of Greece to refinance its debt and the fear of contagion from the crisis to other countries in the euro zone as Portugal, Spain or Italy.In Paris, profit-taking focused on areas that have risen more in exchange for a year and particularly on banking stocks, as well as automotive and technology.