Paris Stock Exchange gives up trade fears again (-0.73%)



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Paris (AFP)

The Paris stock market fell again on Tuesday at noon (-0.73%), concerns raised by the resumption of the trade arm between the United States and China.

At 13:47 (11:47 GMT), the CAC 40 lost 40.10 points to 5,443.42 points, in a trade volume of 1.1 billion. The day before, it had ended a steep decline of 1.18%.

The Paris coast opened to balance, but its stabilization attempt was quickly eliminated.

Wall Street was preparing to open in negative territory. Dow Jones Industrial Average index futures fell 0.60%, as the broad SP 500 index (-0.62%) and Nasdaq dominated by technology (-0.71%). %).

European markets remain misguided amid "continuing tensions between the United States and China, even with Chinese Deputy Prime Minister Liu He, a member of the US-led delegation in the United States," said David Madden, analyst at CMC Markets.

"What is clear now is that there is still a lot of work to be done before an agreement between the two largest economies in the world can be found," said Jasper Lawler, head of research at London Capital. group.

"That does not mean it's impossible," he continued, "but it could take more time than both sides would think and the markets would anticipate it."

On Sunday, Donald Trump announced that additional $ 200 billion tariffs would increase on Friday from 10 percent to 25 percent, and on Monday Washington accused Beijing of returning some of the commitments made in the negotiations to close the process. its commercial war.

However, negotiations are not broken and Chinese negotiator Liu He, considered close to President Xi Jinping, will visit Washington on Thursday and Friday.

On the indicators side, German industrial orders increased in March.

In the United States, the balance of consumer credit and trade for March is expected in the afternoon.

– Imerys Diving –

In terms of figures, Iliad was welcomed with a jump of 6.79% to 100.75 euros, the growth of its quarterly turnover and the sale of its telecommunications towers in France and Italy to the Spanish group Cellnex . overcoming the new erosion of its subscribers.

On the other hand, Imerys fell 6.73% to 44.06 euros, suffering a net profit of 8.7% in the first quarter, penalized by the decline in sales volume, particularly in the markets. in Europe and industry.

EssilorLuxottica lost 0.61% to 106.65 euros, concerns related to the governance crisis it took after a positive start to the session, thanks to sales in line with expectations in the first quarter.

Lagardère rose 2.34% to 24.46 euros, driven by consolidated sales up 9.8% in the first quarter.

Arkema lost 1.94% to 85.02 euros, investors holding more 2% increase in sales than the 22% decline in net profit, mainly due to restructuring and amortization charges in the first quarter.

Alstom rose 2.66% to 39.68 euros, with a net profit of 87%, above 2018/19, and an exceptionally high dividend of 5.50 euros.

Solvay sank 8.25% to 95.10 euros, cautious warned by the group to 2019 outpacing the 18% increase in net profit in the first quarter.

Wordline mechanically (-2.47%) of the project announced by Atos earlier this year, which materialized on Tuesday, to partially alleviate its payment services subsidiary, by transferring securities to shareholders of group. At the end of this transaction, Atos holds a 27.3% stake in Wordline.

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