Paris (AFP)

The Paris Bourse remained in the green (+ 0.49%) Thursday at midday, helped by the dynamism of banks in a market partially relieved by the decisions of the Fed the day before.

At 13:41 (1141 GMT), the CAC 40 index took 27.66 points to 5.648,31 points, in a volume of trade. The day before, he had finished the balance (+ 0.09%).

The Parisian stock market opened up before gaining ground, notably thanks to the banking sector, which benefited from a rise in borrowing rates on the bond market.

Wall Street was preparing for its part to open in small decline. The futures contract on the Dow Jones Industrial Average index fell by 0.23%, the index on the S & P 500 widened index by 0.24% and the Nasdaq, with strong technological color of 0.40%.

"European markets are rising even though the Federal Reserve was not very accommodative last night.The Central Bank lowered rates by 0.25 percentage points, in line with expectations," but "divisions among its leaders show that there is no clear direction on his next move, "said David Madden, an analyst at CMC Markets.

The US central bank on Wednesday announced a modest drop in its key rates, the second in two months, but the Monetary Committee appeared very divided on the decision.

The decision to lower key rates "was widely expected", but following the "turmoil in the money market since Monday, operators were waiting mainly signals confirming that the Fed stood ready to act again," summarized Christopher Dembik, Head of Economic Research at Saxo Bank.

Regarding the stress of the money market, the head of the institution has downplayed: "Although these problems are important (...) they have no implication for the economy or monetary policy", nor on the capacity of the Fed "to control its rates".

- Banks on the podium -

To avoid a sharp rise in short-term borrowing costs for banks and companies, the New York Fed injected $ 75 billion Wednesday through its tool for overnight repo (repo). The day before, the Fed had already put $ 53 billion, intervening for the first time since the crisis of 2008 on the money markets.

Thursday the tension was slowly easing and borrowing rates in the debt market rose after having experienced a clear relaxation, worried investors seeking refuge.

The Bank of Japan, for its part, kept its monetary policy already very accommodating.

The Central Bank Ball ended with that of England which opted, as planned for the status quo.

On the indicator side, in the United States, the current account balance for the second quarter, the manufacturing activity index for the Philadelphia region for September and the resales for August are on the agenda.

On the CAC 40 index, banks took the top three places. Societe Generale took 2.57% to 25.96 euros, Crédit Agricole 2.17% to 11.28 euros and BNP Paribas 1.69% to 44.55 euros.

ArcelorMittal suffered (-3.87% to 14.20 euros) forecasts lower than the expectations of the US steelmaker US Steel.

Air Liquide rose 1.13% to 129.65 euros in the wake of the announcement of an investment of more than 270 million dollars (245 million euros) for the construction of two units of separation of air gases in the United States, under a contract with the Canadian chemist Methanex.

DBV Technologies benefited (+ 4.17% to 18 euros) from the beginning of monitoring of its title by Kepler Cheuvreux with the recommendation "buy".

© 2019 AFP