ACC: purchase on February 3, 4020. Stop 3990. Objective 1: 4150.
In the flash of 12 January, I emphasized that the increase earlier this year in long rates in the euro area had been properly "absorbed" by the market. It is therefore logical that the recent decline in these rates (graph below) has generated significant growth banking and insurance sector . Note that
PIIGS rates should continue to relax in the weeks to come. A important oblique has indeed been broken.
Several values in the sector have grown strongly, thanks to graphics strikingly similar. Below are 5 values of financial Eurostoxx50. The period covers 2008 to present.
BBVA
Unicredito
Santander 
Intesa Sanpaolo 
Generalli 
CONCLUSION:
The financial sector is an important key market trends for the coming weeks.
major carriers have been preserved and, in the wake of relaxing long-term rates, one can anticipate a continued rebound in the sector in the coming weeks. Markets should therefore continue to behave.
ACC: purchase on February 3, 4020. Stop 3990. Objective 1: 4150.
major carriers have been preserved and, in the wake of relaxing long-term rates, one can anticipate a continued rebound in the sector in the coming weeks. Markets should therefore continue to behave.
ACC: purchase on February 3, 4020. Stop 3990. Objective 1: 4150.
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