Wednesday's Trading: Late Advance in French Bonds Buttresses Paris Equities

M3 money supply, the Bundesbank's preferred leading indicator of inflationary trends, jumped 12.6% according to preliminary annualized February figures, up from an annualized growth rate of 8.4% in January and far above the Bundesbank's target M3 growth range of 4% to 7%. Among decliners,...

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Bibliographic Details
Published inWall Street journal. Europe
Main Authors This article was prepared by Charlene Lee, Sarah Sloat of Dow Jones News Services, Pukall-Koehler, Susan, Turner, Alison, Vito Racanelli of the AP-Dow Jones News Service
Format Newspaper Article
LanguageEnglish
Published Brussels Dow Jones & Company Inc 21.03.1996
EditionEurope
Subjects
Bond markets
Corporate profits
Dow Jones averages
Government bonds
Stock exchanges
Stock prices
Trends
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Summary:M3 money supply, the Bundesbank's preferred leading indicator of inflationary trends, jumped 12.6% according to preliminary annualized February figures, up from an annualized growth rate of 8.4% in January and far above the Bundesbank's target M3 growth range of 4% to 7%. Among decliners, Alitalia shares plunged 4.7%, or 32 lire, to 650 lire; Fiat shares dropped 1.5%, or 75 lire, to 5,085 lire; and San Paolo Bank gave up 1.3%, or 120 lire, to 8,800 lire. Meanwhile, Telecom Italia shares rose five lire to 2,530 lire, while shares of sister-company TIM gained 1.3%, or 35 lire, to 2,835 lire. Stet shares, however, fell five lire to 4,520 lire.
ISSN:0921-9986