(BFM Bourse) – The Paris Stock Exchange ended in sharp decline after the downgrading of the sovereign rating of the United States by Fitch while the private sector across the Atlantic created more jobs than expected in July. The CAC 40 lost 1.26% on Wednesday evening.
The Paris Stock Exchange ended this tough day down sharply by 1.26% to 7312.84 points on Wednesday evening. After containing its losses to 0.4% shortly before 2:00 p.m., the CAC 40 accelerated its decline in response to a report on private employment in the United States better than expected.
According to the ADP firm, the private sector created more jobs than expected, in July at 324,000, a figure that pulverizes the consensus housed at 190,000 jobs. This solid statistics relating to the employment market in the United States further supports market fears about the future intentions of the United States Federal Reserve, two days before the publication of the official US employment report for the month. of July.
The Paris market had already been shaken by Fitch’s downgrading of the United States’ sovereign rating to “AA+” on Tuesday evening, which pushed up the sovereign rates of many States.
Klépierre wanted, Atos down sharply
On the CAC 40, a few stocks escaped this downward movement. Schneider Electric rose 0.9%, followed by Legrand (+0.8%) and Publicis (+0.2%).
Excluding the flagship index, Klépierre ended up 0.7%, after the publication of a solid first half and the announcement of an increase in its objectives for net current cash flow per share for 2023.
Investors maintained pressure on Atos (-16.2%), the day after the announcement of the sale of its historic activities to Daniel Kretinsky. The action has lost 48% since the publication of its half-year accounts last Friday.
On the foreign exchange market, the euro lost 0.7% to 1.0934 against the dollar, which took advantage of its status as a safe haven. Oil prices fell sharply after a record drop in weekly crude oil reserves in the United States. A barrel of Brent from the North Sea for October delivery dropped 2.2% to 83 dollars while a barrel of WTI for September delivery plunged 2.60% to 79.25 dollars.
Sabrina Sadgui – ©2023 BFM Bourse