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The CAC 40 index lost 20.07 points at 5,378.25 points, in a low trade volume of 2.6 billion euros. Friday, the index ended down 0.35%. The Parisian coast opened in the red and did not manage to extract it afterwards.
"The market is still under the stress of trade tensions and it is still Donald Trump who dictates the trend", summarized to AFP Andrea Tuéni, an badyst at Saxo Bank
Since Friday "the US president has again made several virulent exits and it does not rebadure as to a positive outcome for this trade dispute", he continued.
Criticism of the US Federal Reserve, accusations of manipulation of their currency against China and the European Union or violent warning against Iran, the US leader did not skimp on the attacks since Friday.
"Between the record sanction imposed by the European Union against Google and accusations of handling money, the meeting between Mr Trump and the President of the European Commission, Jean-Claude Juncker, Wednesday in Washington, does not announce under the best auspices, "added Mr. Tuéni.
" The week also looks rather animated, he noted, with a meeting of the European Central Bank Thursday and especially many business publications "in Europe and the United States where are expected heavyweights in the technology sector.
" But while investors hoped that microeconomics would get out of the obsession with the commercial war, this is not really the case, and it may last until the end of the summer, "he said.
– Atos penalized –
On the side of indicators, the agenda is relatively flat, with the exception of US home resales, which fell in June to their lowest level since January.
In value terms, Atos plunged 6.74% to 114.85 euros, penalized by a lower organic growth expectations in the second quarter, and questions surrounding the acquisition of the US group Syntel.
Its subsidiary Worldline benefited (+ 3.72% to 53 euros) by contrast from a half-year net profit up 12.6% to 57 million euros.
Thales grew (+ 0.35% to 113.85 euros) supported by an increase of its recommendation to "add" against "reduce" previously by Alphavalue and reacting little to the announcement by the European Commission of the opening of an in-depth investigation into its proposed takeover of Gemalto (-0.28% to 49.74 euros)
The automotive sector again bore the brunt of fears over tariffs. Peugeot fell by 1.16% to 20.43 euros, Michelin by 0.60% to 107.50 euros, Plastic Omnium by 2.33% to 35.28 euros. Renault ended up in equilibrium (+ 0.03% to 73.26 euros).
Icade lost 1.32% to 82.50 euros, despite an increase in its annual objectives in the wake of Half-year revenues up.
The TxCell biotech jumped 150.54% to 2.33 euros, driven by the acquisition offer made by the American Sangamo Therapeutics which offers 2.58 euros per share. [19659016]
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