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Paris (awp / afp) – The Paris Bourse ended Friday (-0.35%), clouded by the new diatribe of US President Donald Trump, against China, he threatened sanctions yet heavier, but also against Europe
The CAC 40 index lost 18.75 points to 5,398.32 points, in a volume of exchanges increased by 4.3 billion euros. The day before, it had dropped by 0.56%.
During the past week, the index fell by 0.57%. Its gains since the beginning of the year are of 1.61%.
After a morning spent not far from the equilibrium, the Parisian coast sank at once at midday in the wake of statements of Donald Trump on the US television channel CNBC.
He once again attacked China on Friday, saying he was ready to introduce, if necessary, punitive taxes "up to 500" billion dollars , all Chinese products imported by the United States while the Chinese currency plummets, benefiting Chinese exporters.
"So far, the market was rather optimistic" on the chances of success of the negotiations between Donald Trump and the President of the European Commission Jean-Claude Juncker who will meet in Washington next Wednesday, told AFP Daniel Larrouturou, deputy managing director of Diamond Blue Management.
But "the conjunction between the statements of the US President, who has generated a fairly strong rise in the euro, and those of German Chancellor Angela Merkel, who claimed that the Europeans were ready to increase the retaliatory measures in case of failure, suddenly changed the outlook " , he added.
During her annual press conference prior to the government holidays, Ms. Merkel sought to avoid answering questions directly about Donald Trump's bursts of criticism, but she nevertheless badured that the European Union was "ready" to respond to a possible recovery by Washington of taxes on car imports.
"This immediately resulted in the automotive sector", in the front line of this conflict, "in a significant fall" and the index with him, added the specialist.
Moreover, the investors will follow attentively this weekend the meeting of the G20 Finance, during which the ministers Finance must address the threats to global growth, especially the effects of trade war and the risks of crisis in emerging countries.
Penalized automobile values
In this uncertain context, the numerous publications of Positive businesses have been sidelined and the slackened agenda on the indicators side has not offered a loophole.
In the field of values, the automotive sector has paid for the various commercial announcements. Peugeot lost 2.41% to 20.67 euros, Renault 1.19% to 73.24 euros, Valeo 3.31% to 47.57 euros and Michelin 0.37% to 108.15 euros.
In this context, Faurecia fell by 7.36% to 58.62 euros, despite the upward revision of its annual objectives and the publication of a net profit up 10.2%.
Plastic Omnium also failed to profit (-5,15% to 36.12 euros) of an increase in its net profit of 9.4% in the first half.
Hermes gained 0.48% in 544.60 euros, boosted by an acceleration of its growth in the second quarter, despite an adverse impact of foreign exchange.
Publicis has taken some colors (+ 1.09% to 53.76 euros), after a fall of 8, 78% the day before, related to the decline in sales in the second quarter.
Rémy Cointreau gained 2.77% to 118.80 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". [19659002] Boiron fell by 5.22% to 69 euros, penalized by a decline in sales of 2.6% in the second quarter, due to a decline in its business.
abx / soe / Lys
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