Tuesday , July 27 2021

Paris Stock Exchange falls back to British political turbulence (-0.20%)

Paris Bourse was a little Thursday in the middle of the day (-0.20%), investors returned to more caution in a context marked by British political concern about an agreement with Brussels on Brexit.

At 13:40 (12:40 GMT) CAC 40 lost 9.90 points to 5.058.95 points, in a trading volume of 1.3 billion euros. The day before, he had fallen by 0.65%.

After the opening, the Parisian coast quickly lost its lead.

For its part, Wall Street prepared to open up on positive ground. Index terms on the index Dow Jones Industrial Average took 0.34%, index index increased S & P 0.35% and Nasdaq, dominated by technology, 0.70%.

Investors "are pessimistic in Europe while maintaining the uncertainty surrounding Brexit," said David Madden, analyst at CMC Markets.

After her cabinet became tough on a Brexit store on Wednesday, Britain's Prime Minister Theresa May began to defend the bill in a context prompted by four ministerial resignations. including the one responsible for Brexit Dominic Raab.

Raab said he could not defend the divorce agreement, which has to be ratified at a European summit in Brussels on 25 November.

Following the notice of departure, the pound fell sharply.

"The markets are still under pressure from the Brexit negotiations and the war between Europe and Italy," said Franklin Pichard, CEO of Kiplink Finance.

The Italian populist government, called upon by the European Commission to review the budget for 2019, has kept it unchanged and risks getting financial sanctions, whose execution is quite hypothetical.

In this context, market participants are listening to the speech by Peter Praet, Chief Financial Officer of the European Central Bank (ECB), at the beginning of the afternoon at a forum in Brussels.

In the US, they will especially attend a hearing of Vice-President of the US Federal Reserve, Randal Quarles, after the President of the Institution Jerome Powell said Wednesday that the decision to reduce the economy by raising tax rates interest was "not yet taken."

– The automotive industry is fighting –

On the indicator side, the agenda was mainly American, with weekly unemployment benefits, October retail sales, import price index for the same month, and manufacturing activity index for the same month. Philadelphia area in November.

In terms of value, the car industry was misguided, like Peugeot (-4.45% to 19.95 euros), Renault (-0.90% to 65.10 euros), Valeo (-2, 99% to 25.29 euros) and Michelin (-0.75% to 89.56 euro), which fell by 7.3% on the European car market in October after a decrease of 23.5% in September.

Bouygues increased by 1.11% to 32.91 euros and was affected by an increase in net profit during the first nine months of the year.

Air France benefited (+ 1.91% to 10.05 euros) by an increase in Kepler Cheuvreux's recommendation.

The Ipsen favored (+ 1.15% to 123.25 euro) from an increase of Portzamparc.

ADP won 1.10% to 184.30 euros, supported by an increase of 6% in traffic in Paris airports driven by good growth in North America, overseas and asia Pacific.

Chargeurs dropped 6.03% to 17.62 euros, despite an increase of 10.9% in sales during the third quarter.

Voltalia nibbled 0.91% to 8.88 euros, benefiting from the signing of its first private electricity supply agreement in Brazil, with the matte BRF.

  1. Euronext CAC40


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