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The Paris Bourse was in the red Friday at mid-day (-0.57%), new statements by Donald Trump about customs taxes have revived investor concerns and eclipsed the results of companies.
At 13:50 (1150 GMT), the CAC 40 index lost 30.73 points to 5,386.34 points in a trade volume of 1.6 billion euros. The day before, it was down by 0.56%.
The New York Stock Exchange was moving towards an opening in dispersed order. The index futures on the Dow Jones Industrial Average index, which gives its trend, lost 0.30%. The broad S & P 500 index fell by 0.14%, while that of the Nasdaq, dominated by technology, took 0.24%.
After opening in a small withdrawal, the Parisian stock market stood at first close the balance, then abruptly stalled after new threats from Donald Trump before a little reduce its losses.
The US president said he is ready to introduce punitive taxes on all Chinese products imported by the states. If necessary, $ 505.5 billion in imports in 2017.
"This is the proof, if it were still necessary, that the President (Trump) is ready to go all the way of the trade war to demand concessions from China, which simply can not compete with the US strike force, "said Neil Wilson, an badyst at Markets.com.
" The European Union and others say they are ready to respond to customs duties s on cars, auctions are rising fast, "he added.
A few days of decisive talks with Donald Trump, the EU has warned that it is preparing to tax new American products in the event of an offensive on its cars.
"The displacement of Jean-Claude Juncker ( President of the European Commission) and his teams in Washington next week could mark a turning point in the escalation of protectionist measures, "said badysts of broker Aurel BGC.
" Donald Trump is not in the best after the fine imposed on Google, "they also said.
In addition, investors will closely follow this weekend's meeting of the G20 Finance, during which finance ministers must discuss the threats that hover on global growth, in particular the effects of trade war and crisis risks in emerging countries.
In this uncertain context, the many publications of "The market will probably be on the defensive, even if we receive good news about the economy and the profits are still there", had anticipated Christopher Dembik, responsible of economic research at Saxo Bank, quoted in a note.
On the indicators side, the agenda is out of balance.
– Automotive sector struggling –
In terms of values, Dbadault Aviation took 0, 42% to 1,678 euros, after having recorded a 12% increase in adjusted net profit to 186 million euros in the first half thanks to a stronger contribution from Thales but turnover fell by 17%.
Hermès gained 0.70% to 545.80 euros, after seeing its growth accelerate in the second quarter, with sales rising 7.2% to 1.45 billion euros despite an adverse impact of foreign exchange
Publicis picked up some colors (+ 1.39% to 53.92 euros), after falling 8.78% the day before, penalized by a decline in sales in the second quarter.
Gecina lost 1.37% to 143.50 euros, despite an increase in annual targets.
The automotive sector, in the sights of Donald Trump, was misguided. Peugeot dropped by 2.88% to 20.57 euros, Renault 1.44% to 73.05 euros, Valeo 2.60% to 47.92 euros and Michelin 1.24% to 107.20 euros.
even, Faurecia was down 5.50% to 59.80 euros, despite the upward revision of its annual targets and the publication of a net profit up 10.2%, to 342 million euros in the first
Plastic Omnium also failed to profit (-4.83% to 36.24 euros) from an increase in its net profit of 9.4% in the first half, to 230.1 million euros. euros, the day after the announcement of the sale of its environmental division.
Rémy Cointreau was up 1.90% to 117.80 euros. The spirits group saw its turnover grow by only 0.5% in the first quarter of its 2018/2019 year, to 241.5 million euros, affected by "adverse currency effects".
Boiron fell 5.91% to 68.50 euros, after seeing its turnover decline by 2.6% in the second quarter, to 121.1 million euros, due to a drop in its activity.
Somfy released 1.55% to 776.40 euros, following a slowdown in growth in the second quarter, due to exchange rate effects and less favorable conditions of activity in France, in the United States and the Middle East
LNA Santé nibbled 0.55% to 55.20 euros, after seeing the growth of its turnover accelerate in the second quarter (+11.9%). 19659027] CAC 40 Euronext
AFP
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