At 13:45 (12:45 GMT), the CAC 40 fell by 4.09 points to 5,885.61 points, in a trade volume of 841.3 million euros. In Europe, the UK economy got away recession in the third quarter as its gross domestic product (GDP) advanced 0.3% after contracting in the 2nd quarter. BNP Paribas sold 0.30% to 50.56 euros. EDF fell back 0.13% to 9.17 euros.
The Paris stock exchange remained on the reserve Monday at midday (-0.07%), financiers taking their revenues on the background of doubts hovering over worldwide trade and increasing tensions in Hong Kong.
At 13:45 (12:45 GMT), the CAC 40 fell by 4.09 points to 5,885.61 points, in a trade volume of 841.3 million euros. Friday, he had actually ended up in balance (-0.02%).
The Parisian coast opened slightly in unfavorable territory before oscillating around the balance.
For its part, Wall Street was moving towards a lower opening. The Dow Jones Industrial Average index futures agreement fell by 0.43%, the S & P 500 index by 0.39%, and the Nasdaq, with strong technology, by 0.45%.
“European markets are suffering today due to the fact that of discontent in Hong Kong and sneaking issues over the trade circumstance in between China and the United States,” stated David Madden, an analyst at CMC Markets.
“The circumstance in the Far East appears to be aggravating and when there is a cooling of optimism surrounding Sino-US trade relations, it is not unexpected that stocks are down,” he included.
The environment spoiled Monday in Hong Kong, where a law enforcement officer shot and injured a masked protester throughout among the most violent and disorderly days in five months of pro-democracy mobilization.
Optimism on the trade front has also dropped a notch because Trump'' s remarks Friday that he would not have actually consented to raising all tariffs on China, while specifying that a trade agreement between Beijing and Washington would be checked in the United States.
An arrangement, even partial, would assure worldwide markets and mark a time out in this bilateral dispute impacting the worldwide economy.
In addition, “the Chinese indices are likewise impacted by the publication of a rather stressing economic statistics”, underlined for their part the professionals of Mirabaud Securities Geneva.
Inflation in China reached + 3.8% in October on an annual basis, its greatest level since January 2012, driven in specific by pork prices in the context of African swine fever which is devastating its livestock.
In Europe, the UK economy left economic downturn in the third quarter as its gdp (GDP) advanced 0.3% after contracting in the 2nd quarter. The speed of annualized growth is the most affordable “in a years”.
Italian commercial production, which recovered in August (+ 0.4%), fell again in September, falling by 0.4% over one month.
– Accor struggles with a decrease in recommendation –
In regards to worths, Accor retreated (-2.74% to 38.62 euros) under the result of a decrease in recommendation to “neutral” versus “purchase” formerly by Citigroup.
The automobile sector was not excellent: Peugeot was down 0.87% to 23.91 euros and Renault lost 0.92% to 46.32 euros.
BNP Paribas sold 0.30% to 50.56 euros. The European Commission, guardian of competition in Europe, has actually provided the green light to the transfer of the brokerage activities of Deutsche Bank to BNP Paribas.
Schneider Electric fell by 0.14% to 87.34 euros after the resumption of tracking of the title by Citigroup with a suggestion to “neutral”.
EDF fell back 0.13% to 9.17 euros. The minister of environmental transition Elisabeth Borne gotten in touch with Sunday the group to “think” about its role in case a situation “100% renewable energy” would be kept in the long term for the supply of energy in France while EDF assesses, according to an internal file exposed Saturday by Le Monde, at least 7.5 billion euros the system expense of possible brand-new EPR.
Latécoère was grappling 0.13% to 3.86 euros while the aeronautical devices maker participated in exclusive settlements with Bombardier Aviation to redeem its cabling business.
Pernod Ricard advanced 0.27% to 167.85 euros after the consultation of two new independent directors on the board.
© 2019 AFP