The Paris Stock Exchange ended down 1.01% on Monday, at the end of a session less nourished in exchanges, due to the absence of American investors, and which took the opposite of the rise in Friday.
The star CAC 40 index fell 74.60 points, ending at 7,314.05 points. On Friday, it had gained 1.34% to conclude its best week since mid-April (+2.43%).
Volumes traded Monday were reduced (2.6 billion euros) with the closure of US markets due to a holiday in the United States. No economic indicator was expected.
The day’s losses mainly follow Friday’s decline on Wall Street, where the indices retreated a little after a long bullish streak, said CMC Markets analyst Michael Hewson.
In Paris, Friday’s winners, especially luxury stocks, this time pulled the rating down (LVMH -1.75% 853.40 euros).
After a week marked by the meetings of the major central banks around the world, the next publications of corporate results will only start in three weeks, so we will live to the rhythm of news, rather macro-economic, to confirm or invalidate trends. , describes Bertrand Lamielle, Managing Director of Portzamparc Gestion.
We earn 14% over the year, it’s a good performance. We are in a phase of pause, of consolidation and it will take good news to start again, he judges.
On the bond market, the interest rate on the French 10-year loan, the benchmark maturity, rose sharply to reach 3.03%, its highest level since May 26.
Le Bourget propels the air
On the first day of the Le Bourget air show, companies in the aviation sector made progress.
The aircraft manufacturer Airbus won the largest order ever in civil aviation on Monday, with 500 Airbus A320neo destined for the Indian company IndiGo. The action took 0.23% 131.48 euros, while Safran finished best company in the CAC 40 with +1.74% 142.90 euros. Dassault Aviation sold 0.12% to 172.40 euros.
Barriers in sight on the profitability of the pages
Companies benefiting from motorway concessions, such as Vinci (-4.00% to 106.06 euros) and Eiffage (-5.41% to 95.54 euros), fell. The newspaper Les Echos affirmed on Monday that the Council of State had paved the way for an increase in the tax burden on these companies, whose profits, higher than those envisaged at the time of the signing of the concession contracts, are ogled by the state. .
Sartorius slashes prospects
The equipment supplier for the biopharmaceutical sector Sartorius Stedim Biotech (SSB) saw its share plunge up to 15.73% in Monday’s session on the Paris Stock Exchange, after having revised down its sales forecasts for 2023, relying on a drop of 10% 15%.
The action ended with a fall of 12.80%, 241.10 euros. It has fallen by more than 20% since the start of the year.
Rally advances on its debt
Casino’s parent company, Rallye, controlled by Jean-Charles Naouri, announced on Friday that it had reached an agreement under the aegis of the conciliators with the holders of its debt guaranteed by Casino securities placed in trust.
Rallye fell 7.38% on Monday, to 2.26 euros, but its price is still two and a half times higher than that of May 31. Casino lost 1.29% 7.66 euros.