The Paris Bourse tried to bounce back this Friday to post its first increase of the week. In the space of four days, the square has, it should be remembered, abandoned more than 6%. Several explanations for this trend in the morning, the most direct being to look for on the side of Wall Street, where some cheap purchases, especially on financial stocks, allowed the Dow Jones to gain 1.62% Thursday at the end (+0 , 91% for Nasdaq Composite). Industrial production figures in China had also reassured, as tensions seemed to ease between Washington and Beijing.
But, near the opening in New York, and before a series of important statistics, the future Dow Jones contract fell by more than 200 points, which weighs on Paris. Around 1:15 p.m., the Cac 40 is now in balance, below 4,300 points.
An eye on relations between Washington and Beijing
Industrial production in China rebounded more than expected in April. It rose 3.9% on an annual basis, after contracting 1.1% in March. The consensus was for an increase of 1.5%. But retail sales have disappointed.
Donald Trump fueled investor concerns yesterday, saying on Fox Business that he could tax American companies that produce outside the United States. If he does not intend to renegotiate the trade agreement with China, he still said that the information his country had on China about the coronavirus was ” not good ” This morning seems to be rather peaceful. Stable bilateral ties between China and the United States are in the interest of both countries, the Chinese Foreign Ministry said on Friday through its spokesman Zhao Lijian. In any case, tensions do not seem to go up a notch.
Many American statistics on the program
Be careful though, because the trend, across the Atlantic, could be dependent on the publication of many statistics this afternoon: Empire State index of changes in the sentiment of purchasing managers in the New York region, retail sales , industrial production and household confidence according to the University of Michigan. In the eurozone, GDP in the first quarter was confirmed to contract by 3.8%.
On the corporate side, Ubisoft is falling. The video game publisher posted a loss for its 2019-2020 fiscal year and adjusted its targets to reflect the impact of the Covid-19 on its business.
Imerys is on the contrary very surrounded, after having concluded an agreement for the resolution of litigation on talc in the United States.
We also note the strong increases of satellite operators Eutelsat and HIS, at the head of the SRD.
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