· Rotation sectorielle favorisant les secteurs matraqués au détriment des plus défensifs, rebonds suivis de prises de bénéfice d’ampleur plus faible, bourse chinoise en pleine forme, pétrole à la hausse, indice de confiance de consommateurs donnant des signes d’espoir. Il ne faut parfois qu’une petite étincelle! Si le mieux au plan économique attendu pour 2010 tient la route, les bourses devraient commencer à anticiper cet état de choses.
· La Banque du Japon vient d’annoncer son intention de racheter de la dette subordonnée d’institutions financières. De son côté, la BCE pourrait envisager une telle mesure à l’égard de certains secteurs (pas de précision). Le but est d’apporter directement des moyens d’actions car les banques commerciales sont toujours assez peu enclines à accorder des crédits.
· Le VIX (indice de volatilité des actions américaines) rebondit à nouveau à 43.7. L’or est en retrait à 922.4 USD l’once et le pétrole (BRENT CRUDE SPOT) est en rebond à 44.5 USD. Le USD est stable face à l’EUR à 1.30. Le spread CMS 10-2 ans s’élargit à 1.51. Les CMS 5 ans est à 2.783 et le 3 ans à 2.293.
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