Paris Stock Exchange cautious in expectation of Trump-Putin summit

The Paris Bourse opened to balance Monday , starting on a cautious note a politically busy week, in a context marked by the trade war between the United States and its partners.

At 09H00, the CAC 40 index took 0.23 point to 5.429, 43 points. Friday, he had finished up 0.43%.

"There is no respite Every day, on the occasion of his trip to Europe, Donald Trump gives grist to the markets, who do not know how to react any more ", badysts of the broker Aurel BGC have estimated.

The American president meets this Monday in Helsinki his Russian counterpart Vladimir Putin during an extremely awaited summit, at the moment where the points of friction remain numerous between the two countries.

The day before, Donald Trump felt that Russia, the European Union and China were, for various reasons, "enemies" of the United States.

"This week the spotlight will be on focused on a multitude of topics, starting with the summit between Russian President Vladimir Putin and US President Donald Trump, "said Michael Hewson, an badyst at CMC Markets.

"European leaders are worried about this event given the strong criticism by the US president in recent days of their willingness to contribute 2% of their GDP to their military spending," he said.

The day will also be marked by an annual summit between China and the European Union, at a time when the United States has engaged in a showdown with its main trading partners.

The President of the European Council, Donald Tusk, on Monday urged China, but also the United States and Russia, to "avoid chaos."

In this context, China has published several indicators mixed before the Paris session. The growth of the country's gross domestic product slowed slightly in the second quarter, while industrial production fell in June, according to the National Bureau of Statistics (SNB).

For the rest of the day, the agenda especially American announcement. Retail sales in June, stocks and sales of companies in May and industrial activity in the New York area in July are on the agenda.

In addition, the International Monetary Fund (IMF) will publish its economic forecasts The automotive sector, weakened by commercial tensions, was badly oriented with Peugeot down 0.95% to 20.85 euros, Renault 0.52% to 73.22 euros, Valeo 0, 96% to 48.69 euros and Michelin 0.23% to 106.55 euros.

1. CAC 40 Euronext

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