In short, this horizontal evolution since the opening is quiteunderstandable, but remains a sign of market strength, whichmight as well decide to spend the morning between 3920(Medium blue) and 3945. Only drawback: the fact that ACC doyet again a little alone the rest of the rating, since SBF80 yields 0.76% (the MID100 gives him 0.3% and Next20 1.1%!). Like yesterday, the ACC is indeed led by financialswhich are added St Gobain and Veolia.
be monitored So closely developments in this second part of the session, andSo the fate of our two terminals 3945/3965. Crossing 3965open the way to a rally of 4000 points, while the breakdown of 3945 would switch the ACC on consolidation, the leadership in 3920initially.
side values of ACC, financials areagain in the spotlight, with a gain of 4.3% for the CompanyGenerally, 3.7% and 2.9% for Axa for Credit Agricole. St Gobain followsclosely with a jump of 2.7%. On the downside, Arcelor Mittal fold from 2.5%LVMH to -1.3% and -1% in EADS.
Side currencies and commoditiesFinally, first, the euro is trying to confirm its rebound from the previous day, but still shy with an increase of 0.1% to $ 1.3147. The ounce of gold onwhich we return in the afternoon, it gives 0.5% to $ 1,379,losing some of its safe haven status to the good performance ofindices. As for the barrel, it consolidates from 0.2% to $ 91.7, still evolving on the same level for several weeks now.
Also read:
Analysis ACC 12/01/11
DJ Analysis 11/01/11
Nasdaq Analysis 11/01/11
ACC Outlook for 2011 – Part 1
Outlook ACC 2011 – Part 2
The Finance Blog
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