This only deepened the mystery of rising European markets: they do not even need a rise on Wall Street or a decline in the dollar (it takes about 0.4% to 1.387 E) for s' fly +0.8% (on average).
Most indices are breaking new records western half (Paris, London) or annual (Frankfurt) following an upward movement "out of nowhere (and since it has traded volumes as 3.2 on the CAC MDSE ) has engaged, without identifiable catalyst, in midmorning.
The uptrend has rebooted without warning, after three days of calm, as if it were self-ignition.
Unable to connect the 35 point rise in the CAC40 (3.945Pts) to any news (unless you consider that the champion of Hermes luxury that flies of +7.5% is the standard of the current economic situation orforthcoming).
Nothing presaged the French equities rally or consolidation of the Euro, or the drop in Asian markets (-0.4 to -0.8% in Tokyo, -1% in Shanghai and Hong Kong).
And Wall Street has nothing to do: U.S. indices are in fact unable to take back what they had lost the day before (the Dow Jones or S & P posted -0.15%), the Nasdaq seems determined to align 20th meeting of an increase (unchanged plus two) on a series of 23 (for one day retreat on October 19). This ratio of 90% surreal sitting up for a month apparently n'intrigue person: the "quantitative easing" has extinguished any cause for concern and would solve all economic problems present or future.
Many European ministers argue instead that the "QE-2" is the real problem of coming months or years.
Meanwhile, yields on sovereign bonds PIGS (Ed., Portugal, Ireland, Greece, Spain) to new heights: the spreads attached to securities Greek and Portuguese regained their highest levels while those of Irish titles are at the zenith to almost 8%.
Markets, according to commentators, would attach more importance to the publication of a wave of quarterly favorable.
In Paris, CGGVeritas jumped 7.9% to 20.05 E after Q3 results mixed, however (loss 3MdsE), Gilbert Dupont, who notes, however, confirmed positive outlook '.
Hermes gaining 7.6% to 166.05 euros after quarterly performance exceeded expectations, with no visible slowdown of growth (+20%). In the CAC40, Renault inexplicably jumped 4.28% to 3.85% and Peugeot: some analysts point their status as "securities boosted by their presence in emerging markets" ... which completely obscures the grim conditions in the countries where they realize, however, most of their margin. Arkema takes 3.5% to 49.4 euros in the wake of a good level of sales growth over the quarter (+41%) and the increase of its annual goals.
Derichebourg also picked up (+5.6%), after advancing to tonight's release of its turnover for the year 2009-2010.
Belvedere also note that aligns a new session increase (+40% to 40.8 E), again boosted by the sale of industrial assets of Florida Distillers to $ 48 million, enabling it to meet the first deadline of Plan backup set for Nov. 10. In total, the track has rocketed by 63.5% over the last 5 days!