Paris is cautiously rebelling
Paris (awp / afp) – The Paris Bourse ended on a positive note (+ 0.85%) Tuesday, canceling the decline the day before, however investors remain focused on caution due to lack of visibility on a set of European political risk & # 39; s.
The CAC 40 index reached 42.76 points and closed at 5.101.85 points, in a limited trade volume of 3.4 billion euros. The day before it ended 0.93%.
The Parisien index opened and then stood in the green, accelerated a bit before closing.
European stock indices remained highly volatile and struggled to choose a clear direction against a series of political uncertainties.
"There was a lot of hope for the trade war that has declined a bit, even if we still hope there is silence on this front," said AFP Andrea Tuéni, an analyst at Saxo Bank.
It is necessary to provide "a lot of traveling and volatility around these questions until the meeting of November 30, if it were confirmed", between the Presidents Donald Trump and Xi Jinping, planned on the sidelines of the G20 summit, he added. toe.
Moreover, "we talk a lot about Italy," said Tuéni, while the European Commission gave tonight to the ruling coalition in Rome to propose a revised version of its 2019 budget, rejected by Brussels.
In any event, "Italy's position could be weakened" of this stalemate with the European authorities, especially since Rome should not present a single copy of its budget copy, with the risk of financial penalties for excessive deficit whose implementation, however, remains hypothetical.
Rome must decide after a meeting between the head of government, Giuseppe Conte, and his two deputy prime ministers, Matteo Salvini (League) and Luigi Di Maio (M5S), then expects a council of ministers from 20H00 (19H00 GMT)).
Another risk for the markets, that of Brexit, "that also causes a lot of volatility," Tuéni said.
British Prime Minister Theresa collided Tuesday with her divided ministers about the Brexit, with the hypothesis that a lack of agreement with Brussels lingers over the negotiations on their last straight line.
According to a source from the British government, the negotiations must be concluded by Wednesday at the latest, so that a summit can be held in November on the final divorce agreement.
In addition, Apple's misery on the stock market since Monday, the group faced with a slowdown in demand for its iPhone, "pulled down a small sector of technology stocks," the specialist has completed.
In this context, "short-term catalysts such as macroeconomic data have been set aside a little in the light of the major political and geopolitical issues that are central," Tuéni said.
On the front of the indicators, the mood of German investors stabilized in November at the lowest level since 2012, a sign that a rapid renewed acceleration is not in sight for the German economy.
The Organization of the Oil-exporting Countries (OPEC) revised the estimated demand for crude oil for 2018 and 2019 and was worried about the oversupply on the market on Tuesday.
Elior flies away
Among the values, the Elior Group increased by 9.89% to 13.55 euros, stimulated by the prospect of a possible split of its concession activities grouped in its subsidiary Areas as part of an "assessment of strategic options". ".
EDF ended in a small decrease from 0.32% to 15.54 euros. The group announced Tuesday shortly before closing time a turnover of 49.6 billion euros to have realized in the first nine months of the year, an increase of 7.2% (or 5.3% organic) and confirmed its annual targets.
TF1 increased by 1.00% to 9.12 euros, while the group will take a majority stake in Gamned!, A company specializing in the automated sale of digital advertising space.
Orpea, on the other hand, closed the SBF 120 market (-5.04% to 103.60 euros), penalized by a previous write-down of its recommendation by Credit Suisse to "neutral" against "overweight".
For his part, Eurofins Scientific suffered (-3.79% to 406.00 euros) from the start of the monitoring to Morgan Stanley, which was underweight.
Cafom (Habitat, vente-unique.com) decreased by 7.20% to 5.80 euros despite an annual increase in turnover of 4.2% to 413.7 million euros for the fiscal year 2017-2018.
jra / fka / Lys
(AWP / 13.11.2018 18:03) <! –
(AWP / 13.11.2018 18:03)