Mar 12
The Paris Bourse marked time, the CAC 40 slipped 0.37%
Ambiance morose on equity markets. Investors doubt visibly increasing the sustainability of global economic recovery and remain concerned about the drift of public deficits. In Paris the CAC 40 fell 0.37% to 3928.95 points. The activity is particularly low, with about 3 billion traded on the great values of the Paris stock exchange. For specialists Global Equities weakness of this volume reflects the renewed investor caution since the crisis erupted Greek.
Other stock markets retreated in unison in London, the FTSE lost 0.41% and in Frankfurt the Dax dropped 0.14%. As for the European indices, the Euro Stoxx 50 has dropped by 0.50%. Ambiance also mixed with the NYSE that, having opened in the red was just the balance.
The ill wind is once again came to the United States, where the publication of several indicators has revived questions about the pace of economic recovery. The labor market appears to be stabilizing if it remains at extremely low levels. Investors are also skeptical about the latest statistics from China. Industrial production rises, but at the same time inflation is accelerating and that credit is increasingly scarce. For Christian Parisot, an analyst at Aurel if "fears of overheating were revived, the dynamism of China's growth is positive for the global economy."
In Paris, the securities industry, including specialist materials such as Eramet (-2.56%) or Arcelor Mittal (-1.65%) were in pain."We now prefer to stay away from those sectors most exposed to emerging countries" explain strategists Aurel BGC. According to them, these titles have been among the main drivers of rising markets last year are now offering a limited but potential increased risk. The values considered defensive shot, however, hold their own, like Carrefour (1.47%), GDF Suez (0.82%) or Arkema (-2.28%).
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