2011/5/18

Market: new note of weakness in pre-opening

The Paris Bourse is expected to start falling Monday morning in a climate of risk aversion that generates renewed volatility in financial markets in recent sessions.

Approximately 45 minutes of opening, the futures contract on the CAC 40 surrendered as 0.5%, the premise of an opening in the red.

Chartists point out that the Paris index has recorded no fewer than six reversals in seven sessions, the most optimistic welcoming the preservation of the final 4010 points.

"The record of European sovereign debt returns, which lead a new market that was already struggling to overcome the reported difficulties of Greece to restructure its heavy debt, "said one analyst.

On the foreign exchange market, the euro cup is not far from 1.41 against the dollar ahead of the Ecofin meeting in Brussels today.

On Friday, the Dow Jones fell 0.8% and Nasdaq 1.2%, but no short or medium term support has been threatened. The two major U.S. indices are just back to position "soft " on floors last tested on May 5.

In Asia, the Nikkei ended on a decline of 0.8% this morning.