(CercleFinance.com) – The Paris Stock Exchange ended the session with a decline of 0.45%, at 5,840 points, an honorable performance given the context: intensification of the conflict in Ukraine, strong tension in interest rates, fall in the British pound …
After having lost more than 1% in the middle of the morning, the Parisian index recovered, even going so far as to offer itself a brief incursion into positive territory at the start of the afternoon (+0.25% around 3 p.m. ).
The CAC40 therefore limits the breakage, while the weakness of the exchanges (2.5 MdsE) testifies to the caution of the operators.
In London, the FTSE100 fell nearly 0.4%, as did the E-Stoxx50, while the DAX played the perfect balancing act (+0.00%).
Across the Atlantic, red is also in order with -0.3% on the Dow Jones, -0.7% on the S&P500 and -1.1% on the Nasdaq.
The Nasdaq is penalized by the new American sanctions against China and in particular the ban on exporting high performance chips to the Middle Kingdom, yet the world’s leading customer of this industry in the United States.
Moreover, operators are still struggling to digest the US employment report published on Friday and the bond markets continue to deteriorate.
The British ‘Gilts’ exploded with +33% to 4.56%, returning to the levels of last September 28 (day of the ‘flash crash’).
Our OATs and the Bunds are seeing their losses worsen seriously this afternoon with +12 and +15Pts basis at 2.92% and 2.344% respectively.
In Italy, the construction industry is going it alone on the rise with a slight relaxation from 4.70 to 4.69%.
In the United States, T-Bonds vary little in electronic transactions (narrow fluctuations around 3.88/3.89%), the bond market being closed due to Columbus Day.
“While the Fed still seems in a hawkish mood and the US and global economies are struggling, we now expect the S&P 500 to fall more than we previously thought,” Capital Economics said Friday evening.
Note that this week will see the start of the quarterly earnings season for companies in the United States. As such, the publications of JP Morgan Chase, Morgan Stanley or Citigroup are expected from this Friday.
On the stock side in Paris, Renault gained more than 2.4% as the automaker is currently engaged in “confident” discussions with Nissan around continued initiatives to strengthen cooperation and the future of their alliance. But observers believe that it would above all be a question of Renault’s withdrawal from Nissan, from 43% to 15% according to the Japanese side.
TotalEnergies lost 2.1% against a background of blockages on deposits in France (renewed for 24 hours by the CGT), blockages which led the energy company to propose anticipating in October the mandatory annual negotiation with the social partners, which was scheduled for November.
The Casino/Rally galaxy continues to sink towards new historical lows with respective losses of -3.1% and -10.6%.
Finally, Capgemini announced the acquisition of Quorsus, a London-based company specializing in technology, operations, regulatory solutions and post-trade market infrastructure consulting for financial institutions.
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