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Most European stock markets ended lower on Thursday, affected by disappointing corporate earnings and profit-taking, in a context still marked by uncertainty over trade tensions.
A few days of decisive talks with Donald Trump, the European Union is ready to "think outside the box" to put an end to trade tensions with the United States, but it is also preparing to tax new American products in case of attack on his cars.
The Eurostoxx 50 yielded 0.39%
In Paris, the CAC 40 index lost 0.56% to 5,417.07 points, affected by the disappointing results of Publicis. The French advertising giant Publicis fell 8.78% to 53.18 euros, penalized by the fall in its turnover of 8.3% (-2.1% organic) in the second quarter. Iliad, by contrast, took off 7.44% to 144.45 euros, propelled by the conquest of a million users in Italy less than two months after arriving in the country. Mining stocks ended in the red, like ArcelorMittal (-3.00% to 25.69 euros) and Eramet (-3.15% to 107.60 euros). The Dax index of the Frankfurt Stock Exchange yielded 0.62% to 12,686.29 points. Deutsche Post (+ 1.15% to 29.07 euros), Daimler (+ 0.65% to 58.64 euros) and Volkswagen (+ 0.46% to 148.00 euros) have made the most of their game.
Red Lantern, the SAP software company, which kicked off Thursday's publication of quarterly balance sheets, dropped 3.53% on profit taking after the group announced a quarterly net profit up 8%. Continental fell 1.73% to 199.20 euros after the announcement Wednesday of a vast plan to reorganize its business. The FTSE-100 index of the London Stock Exchange gained 0.10% to 7,683.97 points, the decline in the pound sterling boosting British multinationals. Unilever rose 3.03% to 4.330.50 pence despite the publication of results in the morning half-hearted. Rolls-Royce took 0.73% to 995.00 pence, the Kingfisher DIY group 1.11% to 318.10 pence and Diageo's beverage dispenser 0.62% to 2,856.00 pence. [19659002Theoilcompaniesalsobenefitedfromareboundingoldpricesduringtrading:BProse137%to56990pandRoyalDutchShell(Action"B")to124%%at274400pence
The SMI index of the Swiss Stock Exchange ended on a note almost unchanged (-0,05% to 8,933,97 points), like the titles of the two big banks of the country , UBS (+ 0.03% to 15.37 Swiss francs) and Credit Suisse (-0.07% to 15.27 Swiss francs).
Red Lantern, Givaudan (perfumes and aromas) gave up 3.74% to 2,290.00 Swiss francs, after the publication of a quarterly profit down.
ABB, which has published a better than expected profit for the second quarter, took the lead (+ 2.82% at 22.59 Swiss francs).
Among the heavy goods vehicles price, Nestlé (+ 0.73% to 80.16 Swiss francs) and Novartis (+ 0.37% to 80.96 Swiss francs) supported the index, while its competitor Roche fell 1.19%. % to 231.95 Swiss francs
The PSI20 index of the Lisbon Stock Exchange fell by 0.10% to 5,617.80 points.
Bank BCP was close to balance (+0.04 % at 0.2622 euro).
In terms of energy, Galp Energia took 0.65% to 16.935 euros, EDP sold 0.06% to 3.45 euros and its subsidiary in renewables EDP Renovaveis 1% to 8.885 euros
Jeronimo Martins gained 0.35% to 13,045 euros.
The paper maker The Navigator was at equilibrium, at 5,085 euros.
In Milan, the flagship index FTSE Mib gave way 0.40 % at 21.885 points
Fiat Chrysler achieved the best performance (+ 1.35% to 16.804 euros). Pirelli followed (+ 1.22% to 7.132 euros), Campari (+ 1.14% to 7.535 euros) and A2A (+ 0.67% to 1.5825 euros).
In contrast, Buzzi Unicem sold 3 , 51% to 19,915 euros. Several banks were also at half-mast like Intesa Sanpaolo (-1.62% to 2.4235 euros), UniCredit (-1.59% to 13.944 euros) and Banco BPM (-1.41% to 2.617 euros).
In Madrid, the Ibex 35 index lost 0.33%, to 9,721.1 points.
Banks have evolved in a scattered order, with Banco de Sabadell leading (+ 0.54% to 1.39 euro) after the announcement of the transfer to a US fund of toxic real estate badets inherited from the crisis.
Banco Santander gained 0.11% to 4.65 euros, while CaixaBank fell 0.53% to 3 , 72 euros and Bankia from 0.49% to 3.07 euros.
Among the notable declines in the index, Dia supermarkets lost 2.01% to 2.10 euros and steel maker Acerinox has conceded 1 , 32% to 11.21 euros.
Conversely, the construction group ACS rose 1.48% to 36.39 euros and the oil tanker Repsol 1.19% to 16.95 euros.
The Bel-20 Brussels Stock Exchange fell by 0.29% to 3,809.43 points.
Among the nine in the red, the KCB bank (-0.92% to 64.80 euros), the biopharmaceutical company UCB (-0.87% to 70.24 euros) and the insurer Ageas (-0.85% to 43.09 euros) posted the most disappointing performances.
The operator Telenet still yielded 0.84%, to 39.90 euros.
On the contrary, the biotechnology group Galapagos has Divided up + 2.07% to 89.74 euros
The AEX index of the Amsterdam Stock Exchange rose 0.36% to 570.21 points.
The giant agribusiness and cosmetics Unilever gained 2.43% to 48.87 euros and the biotech company Galapagos took 2.07% to 89.74 euros.
Altice Europe fell 3.44% to 2.97 euros and Arcelor Mittal 3% to 25.69 euros.
Wall Street Weighted
The New York Stock Exchange ended in the red on Thursday in a market garnering some profits after several encouraging sessions and freshly welcoming the results of several flagship companies.
Its flagship index, the Dow Jones Industrial Average, lost 0.53% to 25,064.50 points after five consecutive sessions of increase.
Nasdaq, with a strong technology component, lost 0.37% to 7.825.30 points.
The S & P 500 Index widened by 0.40% to 2,804.49 points.
The session was marked Thursday by the decline after the release of their quarterly results, credit card issuer American Express (-2.73%) and insurer Travelers (-3.71% ), two members of the Dow Jones, as well as aluminum producer Alcoa (-13.34%) and eBay online sales site (-10.12%).
The performance of computer giant IBM, also a member of the Dow Jones, was however welcomed (+ 3.27%). the group confirmed Wednesday the recovery of its activity, recording an increase in its quarterly revenues, the third in a row, and maintaining its annual financial goal.
"Overall, the market has done much better than 'expected' since the start of the season, said CFRA's Sam Stovall.
According to him, this performance is credited with "the ability of corporate management to better target badysts' expectations," "major share buyback programs" and "the good performance of the economy". . "The big question seems to be determining the robustness of growth in the second quarter, whether GDP will reach 4%, or even exceed," he noted.
Success of cannabis
In this context, the great Wall Street indexes "have progressed a lot in a short time, leaving them vulnerable to a little profit taking," said Patrick O'Hare of Briefing pointed out that the Nasdaq had already risen 4.6% since the beginning of the month, the Dow Jones of 3.8% and the S & P 500 of 3.6%.
Moreover, "investors digest a new salvo of uncertainty on global trade" while "President Trump reiterated (Wednesday) its customs tax threats of 20% to 25% on European car manufacturers if the Economic bloc does not lower its own customs taxes on a whole series of US products, "noted Wells Fargo badysts.
US Secretary of Commerce Wilbur Ross also warned on Thursday that mbadive opposition to US car taxes will not prevent the United States from imposing them if they are considered legitimate to protect national security.
The bond market was easing: the yield on the US 10-year debt fell at 20:30 GMT to 2,833%, against 2,869% Wednesday at the close, and the 30 year old at 2.958%, against 2.986% yesterday. 19659002] The indicators of the day were encouraging.
On the employment front, weekly claims for unemployment benefits in the United States fell to a new low since December 1969, signaling the health of the US labor market.
Manufacturing growth in the Philadelphia region rebounded in July more than badysts expected, according to the index of the local branch of the Federal Reserve (Fed).
Among the other values of the day, the Comcast cable operator rose 2.56% after giving up on the badets of 21st Century Fox (-0.06%) also coveted by Walt Disney (+1, 30%), which put $ 71.3 billion on the table for this operation.
The Canadian cannabis producer Tilray, the first company related to this market to raise funds in a US financial center, has for its share made a big start, jumping 31.71% to 22.39 dollars.
Ilyas A.
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