The Paris Bourse remains under the worries of the trade war



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The Paris Stock Exchange remains under the worries of the commercial war
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AFP
/ ERIC PIERMONT

The Paris Stock Exchange remained misguided (-0.47%) on Monday at midday, still subject to concerns related to the trade war after the G20 that did not allow

At 14:03 (12:03 GMT), the CAC 40 lost 25.26 points to 5,373.06 points, in a trade volume of one billion euros. On Friday, the index ended in a decline of 0.35%.

The Parisian stock market opened slightly lower and has not managed to turn its head since.

The New York Stock Exchange was oriented his side towards a mixed opening.

The Dow Jones Industrial Average index futures contract, which shows its trend, was in equilibrium (-0.05%), as was the broad-based S & P 500 index (-0.02%), while that of the Nasdaq, dominated by technology, lost 0.28%.

"European markets are in the red because of persistent trade tensions" and as long as relations remain "strained, the actions will remain under pressure," said David Madden, an badyst at CMV Markets.

"It's a high-risk week", with as a "highlight" the meeting scheduled on Wednesday between the President of the European Commission Jean-Claude Juncker and the US President Donald Trump in Washington, estimated badysts of the broker Aurel BGC.

"If the US administration does everything to mitigate the aggressiveness of Donald Trump, it is not in the best arrangements, because of the decline in the yuan or the fine imposed by the Comm European Union to Google, "they added.

The trade war between the great powers continues and the G20 reaffirmed Sunday in Buenos Aires its fear that it affects global growth and called for dialogue, while states States remain inflexible about surcharges or threat of sanctions.

Market participants also monitored currencies, after comments by Donald Trump criticizing the US Federal Reserve and accusing the European Union and China of manipulating their currencies

Atos Diving

On the indicators side, the agenda is relatively small. In the United States, the resales of housing in June are expected in the afternoon.

In terms of values, the publications were gradually increasing in power.

After positive first steps, Atos plunged 7.31 % to 114.15 euros, penalized by organic growth below expectations in the second quarter, and questions around the announcement of the acquisition of the American group Syntel.

Its subsidiary Worldline benefited (+4.21% to 53.25 euros), however, a net profit half year increase of 12.6% to 57 million euros.

Thales benefited (+0.84% ​​to 114.40 euros) from an increase of its recommendation to "add" against "reduce" previously by Alphavalue.

The automotive sector was misguided. Peugeot fell by 1.26% to 20.41 euros, Renault from 0.64% to 72.77 euros and Michelin from 1.06% to 107 euros.

Icade lost 0.90% to 82.85 euros, despite a rise in its annual objectives in the wake of rising half-yearly revenues.

The TxCell biotech jumped 148.39% to 2.31 euros, driven by the acquisition offer made by the American Sangamo Therapeutics which proposes 2.58 euros per share.

webSet

  • CAC 40 Euronext
  • 23/07/2018 14:23:45 –
    Paris (AFP) –
    © 2018 AFP

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