Paris Bourse, crushed with uncertainty, returns something
Control Room for Euronext, Operator of Paris Stock Exchange, La Défense, April 27, 2018. / & Copy AFP / Archive / ERIC PIERMONT
The Paris Stock Exchange moved slightly lower Monday morning (-0.21%) despite opening on positive ground, dominated by several issues, especially around the Italian budget.
At 09:38, CAC lost 40 10.69 points to 5.096.06 points. On Friday it had ended with a slight decline of 0.48%.
"The main factors are many: the trade war, the Brexit struggling to find a favorable outcome, and the question of the Italian budget", listed in a notary analyst, Saxo Bank.
The populist coalition in power in Rome has until the next Tuesday to present a revised budget for the EU, otherwise it will be subjected to economic sanctions. The European Commission considers that this draft budget is based on overly optimistic growth forecasts and is "out of the woods" as regards the government deficit.
The market will also closely monitor all developments in the US-China trade. At loggerheads, the two countries increased mutual warnings on Friday at a ministerial meeting in Washington, while ensuring that they would like to strengthen their cooperation and avoid a new "cold war".
Brexit will also be in the spotlight, while Britain's transport minister Jo Johnson resigned on Friday criticizing the agreement aimed at ending the Theresa Mays government, which he said would be a "bad mistake" before calling for a new referendum.
– Totally up –
In terms of values, Total increased by 1.25% to 51.12 euros, in the wake of rising raw prices.
Suez pulled back 0.44% to 13.50 euros. The French group follows the "trust and calm" record of water distribution in Senegal, despite the fact that a temporary contract he won in October ended as a result of his unfortunate competitor SDE's action, Friday said its head of Africa, Bertrand Camus.
Airbus lost 0.16% to 94.53 euros. The group registered 340 network orders between January and the end of October and made 584 deliveries during this period announced by the aircraft manufacturer on Friday.
Vente-unique.com increased by 1.72% to 5.90 euro, strengthened with annual sales of 14% in the financial year 2017-2018, in line with its forecasts and in line with previous years.
(© AFP / (12 November 2018 10:24)