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The Paris Stock Exchange cautious at the dawn of a calm session (-0.04%) ©
AFP / File
/ Kenzo TRIBOUILLARD
The Paris Bourse was moving close to the equilibrium on Wednesday morning (-0.04%), opting for caution at the dawn of a quiet session in the absence of Wall Street and in the expectation of important political and economic deadlines
At 09H30 (07H30 GMT), the CAC 40 index lost 2.32 points to 5,314.45 points. The day before, it ended up 0.76%.
"This Wednesday session, which will be marked by the holiday in the United States, will be the perfect opportunity to take a break before the busy day of Friday. ", date of the publication of the US report on employment and especially the entry into force of US taxes on imported Chinese products, said Christopher Dembik, head of economic research at Saxo Bank.
" A very In the short term, the markets will continue to wonder about the German political crisis and the risks of an escalation of protectionist measures ", added the strategists of the broker Aurel BGC.
German Chancellor Angela Merkel succeeded on Monday in save his government by agreeing to give up his generous migration policy.
However, it remains to be seen whether the Social Democrats of the SPD will support this agreement between the conservative party of Mrs Me rkel and their partners on the hard right Bavarian, said Michael Hewson, an badyst at CMC Markets.
"The approval of the agreement by the German Parliament is not a fait accompli", he added.
The German compromise provides for the dismissal of asylum seekers already registered elsewhere in the country. EU to the country of entry, which has also revived in Europe tensions on migrants.
Technology values misdirected
On the side indicators, the euro area and several European countries including France, will publish their final PMI index for the month of June.
In terms of values, oil stocks were well oriented, benefiting from rising oil prices. TechnipFMC rose 0.83% to 26.72 euros and Total 0.55% to 53.02 euros.
Conversely, the technological sector was changing in the red. STMicroelectronics lost 2.32% to 18.52 euros, Soitec 2.34% to 71.05 euros.
EDF gained 1.16% to 12.18 euros. A note from Jefferies estimated that a split of the company would offer a better potential of the action.
Nexans took 1.18% to 30.12 euros, after the promotion of a leader of the group, Christopher Guérin, in the position of general manager, with immediate appointment, in a context of degraded prospects in his high voltage business.
Bonduelle nibbled 0.16% to 31.10 euros, after finalizing its acquisition of the fruit brand and Del Monte processed vegetables in Canada owned by Conagra Brands for $ 43 million (about 27.6 million euros).
Vicat benefited (+ 3.55% to 56.85 euros ) an increase in its recommendation by Exane BNP Paribas.
04/07/2018 09:48:43 –
Paris (AFP) –
© 2018 AFP
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