The Paris Stock Exchange fell 0.55% Tuesday at the start of a session where the markets have their eyes riveted on the trip of the President of the American House of Representatives and her probable, but not confirmed, visit to Taiwan.
The star CAC 40 index lost 35.15 points to 6,401.71 points around 10:10 a.m. The day before, the square ended down slightly at 6,436.86 points after having experienced its best monthly performance in July since November 2020.
The markets are paying close attention to Nancy Pelosi’s tour of Asia, which could give rise to a trip to Taiwan on Tuesday evening and Wednesday, and are worried about the tensions between China and the United States.
In Asia, prices fell sharply for fear of a possible Sino-American escalation and the situation could quickly deteriorate, notes Stephen Innes of SPI Asset Management.
The representative of the members of Parliament would be, if her visit is confirmed, the highest American official to visit the island since her predecessor Newt Gingrich in 1997.
But Beijing considers the island as part of its reunified territory, by force if necessary, and has repeatedly warned Washington against a visit by the senior official, which would be seen as a major provocation.
Caught between escalating tensions in the Taiwan Strait and growing concerns about a slowing economy, investors are taking refuge in the bond market, Innes said.
Vilmorin traces its path
The French seed company Vilmorin gained 4.60% on the stock market around 10:10 a.m. at 42.10 euros per share after having exceeded its annual turnover target despite the Russian-Ukrainian conflict, with 1.58 billion euros.
No crease at SMCP
The SMCP textile group (Sandro, Maje, Claudie Pierlot and Fursac) took 2.29% Paris 5.50 euros per share around 10:10 a.m. Investors were satisfied that the group achieved record sales in the first half of the year and multiplied by 20 its net profit, which returned to its pre-pandemic level. The group confirms its forecasts for 2022 despite the impact of Covid-19 in Asia.
Bouygues connects with investors
Nobanques: the cheapest offers to control your budget
The operator Bouygues Telecom recorded a turnover up 5% over one year in the first half of the 2022 financial year, 3.636 billion euros, revising its outlook for this financial year upwards, he announced. Tuesday in a press release. The title of its parent company, the Bouygues group, took 1.06% to 29.59 euros per share around 10:10 a.m.
expensive preserves
French specialist in canned and frozen vegetables Bonduelle lost 1.20% to 13.12 euros as the group admitted that rising production costs and the difficulties of its fresh activities in America will prevent it from achieving its objectives. annual, he confirmed on Monday.
Losses and purchases at Alstom
The railway manufacturer has completed its acquisition of Bombardier Transport, notably by selling its Alsatian factory in Reichshoffen (Bas-Rhin) to its Spanish competitor CAF. Investors reacted this morning when the title lost 1.34% to 22.75 euros per share around 10:10 a.m.