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The Paris Stock Exchange ends sharply down, once again weighted by the trade war ©
AFP / File
/ ERIC PIERMONT
The Paris Bourse ended in red Wednesday (-1.48%), investors are cautious after the latest developments in the trade war between the United States and China.
The CAC 40 index lost 80.43 points to 5,353.93 points in a trade volume of 3.6 billion euros. The day before, it ended up 0.67%.
The Parisian coast opened in decline and failed to recover thereafter, weighted by a new escalation of tension between Beijing and Washington. 19659003] The United States has taken another step in hostilities with the world's second largest economy, saying it could impose new taxes on an additional $ 200 billion list of imported Chinese products. dollars a year.
China warned that it would be forced to take retaliatory measures.
"We were well started because the market had recovered a lot until yesterday (Tuesday But this dynamic is broken by the escalation of tensions between Washington and Beijing, with amounts that are becoming higher, which worries the market, "said AFP Yann Azuelos, portfolio manager Mirabaud Fran
"We are coming to the corporate publishing season. Maybe in Europe we will have orientations that will be a little more cautious given this risk still poorly apprehended by the leaders ", adds the specialist.
According to him, the effect of the calendar could also play in the coming weeks, due to lower volumes traded during the summer.
"The market had some resistance as it was fueled by other elements, such as good macroeconomic news. But this kind of situation, past the end of July, could have repercussions on the indices a little stronger than what we see today, "adds Mr. Azuelos.
Crossroads at half-mast [19659012ItwasinthiscontextthattheNATOsummitwashelduntilThursdaywhenDonaldTrumpattackedGermanywithvirulencewhichheaccusedofnotmeetingitscommitmentsandenrichingRussia
On the indicators front, the agenda was light, apart from producer prices in the United States, which rose more than expected in June. 19659003] In terms of securities, Carrefour was penalized (-4.87% to 13.59 euros) by a lowering of its price target by Barclays.
Mining stocks, on the front line in the trade dispute have suffered Like ArcelorMittal (-3.68% to 24.73 euros) and Eramet (-7.01% to 107.40 euros), the metallurgical group also Wednesday said it managed to take control of the Australian Mineral Deposits Limited (MDL), which it holds 63.87% of the capital.
The automotive sector also ended in the red. Peugeot lost 0.99% to 21.01 euros, Renault -2.33% to 73.38 euros and Valeo -1.36% to 48.44 euros.
The luxury sector was sluggish, like Kering (-3.81% to 475 euros) and LVMH (-2.46% to 286 euros).
The oil sector also fell in the wake of oil prices, like TechnipFMC (-1.88% to 26.62 euros), Total (-2.67% to 53.16 euros) or Vallourec (-2.24% to On the other hand, Spie (+5.12% to 17.66 euros) benefited from an increase of his recommendation by Kepler Cheuvreux
Bénéteau fell by 20, 59% to 12.96 euros after having revised downward on Tuesday its objectives for 2018.
Amoeba flew 58.54% to 5.66 euros, after announcing the positive results of effectiveness of the first test industrial accident in the United States on its biological biocide
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11/07/2018 18:07:12 –
Paris (AFP) –
© 2018 AFP
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