The week was marked by the rebound in European indices with a rise of + 1.39% for the Stoxx600NR which outperformed the S & P500 (+ 0.8%) while the technology stocks were attacked at the beginning of the week, before finally bounce.

A week of correction for the European indices with a decrease of 0.7% for the STOXX600NR, but which includes a decrease of 1.5% for the DAX30 and 1.4% for the CAC40.

The decline also experienced on the Nasdaq Composite (-0.6%) due to profit taking on tech stocks but not on the S & P500, which increased by 1.5%, occurred mainly at the end of the week and reflects investor caution in the absence of an agreement on tax reform in the United States on the eve of the weekend while a second attempt at the Senate seems imminent after a first rejection on technical points.

A week of rebound for the European indices with a rise of 0,77% for the STOXX600NR, which was not acquired at the beginning of the week given the failure of the negotiations for a "rainbow" coalition in Germany, but at the end of the week it seemed certain that the SPD, the other major formation besides the CDU, was willing to negotiate to form a new government with Merkel by reconsidering its initial decision to join the opposition.

A new corrective week for the European indices, with -1.2% for the stoxx600NR which widens further the gap with the S & P500 which remains stable boosted by the adoption by the House of Representatives of the text on the tax reform promised by Donald Trump.

A week of consolidation for Equities and Bonds.

There is no general correction at this point even though the subclass analyzes of Assets need to be refined.

Our Krach indicator remains in the low risk zone, at 30.6 points, even though it has deteriorated slightly compared to the previous week (26 points).

A week of marked consolidation on the European markets, as Stoxx600NR fell by 1.82%, and sharp declines of about 2.5% for the CAC40 and the DAX30.

At the same time, the US indexes held up better with a slight decline of c.0.2% for the S & P500 and the Nasdaq Composite which seems to points for a US capital flight back to the domestic market.