Aug 24
The Paris Bourse plunged into doubt
Continue on the path to upward or follow the wisdom of U.S. and Asian markets? The Paris Bourse has chosen this Tuesday: the CAC 40 1.03% cowardly to EUR 3,516.79 in early trade. Elsewhere, the same movement: the Footsie in London coward 0.70% to 5198.22 points at the opening while the German Dax lost 0.80% to 6010.91 points.
Yesterday, the Cac 40 was able to stay the course despite the continued decline on Wall Street, finally closing with a gain of 0.77%. In New York, the Dow Jones, which had begun at equilibrium, has finally ended the day on a drop of 0.38%. The investors preferred to play the card of a wait before a series of indicators to be published this week. The earnings season is almost over, the ads focus all attention macroeconomic markets.
In Asia, investors were once again very hesitant, giving no clear signal to follow the Paris Bourse. Most markets are falling, a sign of fear of more and more strong to see the recession back on the front of the stage.
On Tuesday, the ball begins publication of indicators across the Atlantic with sales of existing homes. In Europe, markets will have knowledge of new orders in industry in June.
Values follow
Accor announced Monday the signing of a Memorandum of Understanding regarding the sale of walls 48 of its hotels in Europe for $ 367 million, Predica, insurance subsidiary of Credit Agricole (-2.03% 9.95 euros) and the Land Walls, a subsidiary of Land regions (-0.68% to 71.50 euros). Titles leapt 1.54% to 23.72 euros and are the only ones in green.
Danone (-0.72% to 41.19 euros) Immédia acquired the company, number three French juice mixed with fruit (smoothies), whose turnover is around four million euros, reports the Tribune.
The Ministry of Sustainable Development and Bercy warned on Monday evening Regulatory Commission of Energy (CRE) and the Higher Council of the energy of their intention to decline by 12% the purchase price by EDF (-0 , 39% to 31.67 euros) of photovoltaic electricity.
The bank Societe Generale (-1.72%) and BNP Paribas (-1.61%) are among the largest declines.
Comments Off