The Paris Bourse continued to lose ground (-0,40%) Wednesday mid-day, earned by the weakness of its american counterpart the day before (Photo KENZO TRIBOUILLARD. AFP)
The Paris Bourse continued to lose ground (-0,40%) Wednesday mid-day, earned by the weakness of its american counterpart the previous day and as investors waited for the publication of the minutes of the Fed in the evening.
Has 12H12 (11: 12 AM GMT), the CAC 40 index gave up 21,10 points to 5.268,76 points in a trade volume of 847 million euros. The previous day, the index finished up 0.64%.
After opening slightly down, the odds, paris has maintained this downward trend in the course of the morning.
“Yesterday, the european markets have weathered the slump that hit Wall Street after an extended weekend. The relative weakness of the euro has acted as a supporting factor,” said in a note to Franklin Pichard, director general delegate of Kiplink Finance.
But the rebound has been short-term, investors are being caught up this Wednesday by the poor performance of Wall Street the day before and the release of PMI indicators, disappointing in the euro zone.
The growth of private activity slowed down in February in the euro area, while remaining high compared to the peak of 12 years in January, according to the first estimate of the composite PMI index released by Markit published on Wednesday.
The monthly index came in at 57,5 points, compared to 58,8 points in January, a figure lower than the expectations of analysts surveyed by the financial services provider Factset, who had forecast at 58.5 in February.
In France, the growth of the private sector has slightly declined in February, reaching its lowest level since four months, while remaining supported.
The rate of unemployment in the Uk has increased slightly to 4.4% during the three-month period completed at the end of December, announced on Wednesday the Office for national statistics (ONS).
Resale homes in January in the United States are also expected.
The cautiousness of the investors was also put to the account of the expectation of the publication of the minutes of the last monetary policy meeting of the u.s. federal Reserve (Fed), scheduled at 20H00 (19H00 GMT).
These minutes will “provide information about the reading done by the members of the recent rise in inflation, as well as the continued growth”, said Mr. Pichard.
– Eramet (PA:ERMT) flies away –
On the front of the values, Atos (PA:ATOS) lost 3.74% to 117,20€. The giant of the French it has not convinced investors after yet achieved its financial objectives for the year 2017, with a balanced growth on all its activities.
Eramet took off from 13,06% to 128,10€, driven by better than expected results for the year 2017 that saw the group metallurgical and mining reconnect with the profits.
Metropole Television (M6) won for his part 7,49% 23,82 euro after the released on Tuesday a net profit up 3.7% to 158.4 million euros for 2017, driven by good advertising revenue and the integration of the pôle radio RTL radio at the end of the year.
The chairman of the group, Nicolas de Tavernost, has also confirmed Wednesday its support for the idea of an online platform that brings together content from French tv channels, public and private, upheld by the patron saint of France Télévisions Delphine Ernotte.
Getlink (ex Eurotunnel) lost 2.16% at 10,41€. The group, which operates the tunnel under the English Channel, released on Wednesday a net profit down by 43.5% in 2017, to 113 million euros, noting that the result would be higher without the exceptional items.
Nexity was 5,79% 50,25€, with the announcement Tuesday of an overflow of “all (the) objectives” in 2017 and the realization of a net profit of 186 million euros, an increase of 33%.
Axa (PA:AXAF) declined from 0.45% to 25,29€. The insurer, which is seeking to refocus its activities, announced on Wednesday that it has entered into an agreement for the sale of its insurance branch in Azerbaijan.
Sartorius Stedim progressed, however, of 3.23% 73,55 euros, whereas the subsidiary established in France of the German group Sartorius said on Wednesday to attempt a turnover of approximately 2.8 billion euros in 2025, compared with 1 billion euros in 2017.
