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Paris Stock Exchange has been hit by the trade war demons (-1.81%) t



First announcement:

Paris (AFP)

The Paris Bourse has significantly increased the losses on Thursday (-1.81%), disappointing macroeconomic announcements have been added to investors' fears about irritability in the Sino-US trade dispute.

The CAC index lost 40 97.61 points to 5.281.37 points, in a moderate trade volume of 3.8 billion euro. The previous day, it had finished on a slight decline of 0.12%.

The Paris coast, which opened down, has continued to lose ground.

The market continues to be heavily punished by "fears about global growth linked to Sino-US trade war," AFP Alexandre Baradez, an analyst at IG France, observed.

No detente appeared to appear in the relationship between Beijing and Washington: the head of American diplomacy Huawei accused him of lying on his real connections with Chinese authorities, denying "disturbing" the States. US against number two smartphone around the world, has been dropped by many of its partners.

The publication of very disappointing PMI indices on both sides of the Atlantic has also increased distrust, Baradez said.

Growth in private activity in the eurozone increased slightly in May, but remained "dark", according to the first estimate of the composite index of PMI Markit released on Thursday.

In the US too, the PMI indices published this Thursday were "heavy", whether on the service side or the manufacturing part, said Mr Baradez.

Thus, there is a "risk of infection of negative feeling on the American side, the last situation that was still good in advanced economies," he added.

The International Monetary Fund has also launched a serious warning on Thursday to the United States and China that has found the commercial gun that is in danger of compromising the global economic rebound. expected for the second half of 2019.

– Starting the European elections – t

In addition, "the European and Brexit elections are not supportive factors to the markets," the expert said.

For his part, the British Prime Minister, Theresa May, had to resolve Thursday to postpone his bill of the "last chance" on the Brexit, in a twilight atmosphere for his future. T as head of the Conservative government.

In terms of statistics, the spirit of German entrepreneurs fell further in May.

In France, the business climate remained stable in May and private sector activity continued to improve, also in May, reaching a high level of six months.

On the securities side, the shares of Casino and his parent company Rallye were suspended on their request after they suddenly fell. Just before his suspension, Casino released 6.40% to 27.90 euros at 10:30 am (0830 GMT).

Derichebourg broke 12.24% to 3.07 euros, which was punished by the reduction in net profit in the first half of its practice to offset 2018/2019.

Oil stocks were particularly affected by the decline in prices, the Brent, international benchmark, after losing 4% and WalesTrade International sinking 5% while tensions between China and the United States rose around t Huawei edition.

CVS decreased from 7.50% to 1.45 euros, Vallourec decreased by 5.10% to 2.19 euros and TechnipFMC 4.47% to 19.65 euros.


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