(BFM Bourse) – The Parisian index ended in decline on Tuesday during a session mainly marked by the fall of the aircraft manufacturer which issued a major profit warning.
The Paris Stock Exchange returned to the red on Tuesday, after having gained more than 1% the day before. The CAC 40 ended down 0.57% at 7,662.30 points.
The session was moderately lively on the macroeconomic side. Investors noted the slight decline in consumer confidence in the United States for the month of June, according to the Conference Board’s monthly survey. But the decline was in line with economists’ expectations.
Investors are obviously keeping an eye on French politics before the first round of legislative elections on Sunday.
Another meeting will animate the markets beforehand, with the publication on Friday of the PCE index, the preferred gauge of the American Federal Reserve (Fed) to measure inflation.
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Airbus in the tough
This Tuesday’s session was especially marked by the plunge of Airbus. The aeronautics group dropped 9.4% after issuing a resounding profit warning, caused by its difficulties in the space sector as well as renewed tensions on its logistics chain, particularly in terms of engines. “The abscess is burst” writes Oddo BHF.
In the wake of Airbus, aeronautical stocks have suffered. Safran lost 3.3% and Thales 1.9% while Dassault Aviation fell 2.2%.
Eurofins, which ardently refuted the accusations of short seller Muddy Waters, recovered 4% after plunging 16% the day before.
Trigano dropped 5.9% after revealing its third quarter revenue for its 2023-2024 financial year.
On other markets, the euro lost 0.25% against the dollar to 1.0708 dollars. Oil is almost stable. The August contract on Brent from the North Sea lost 0.06% to 85.09 dollars per barrel, while that of the same maturity on WTI listed in New York lost 0.05% to 81.68 dollars per barrel. .
Julien Marion – ©2024 BFM Bourse