The Paris Stock Exchange lost 1.53% in the first exchanges on Friday, weighed down by the depression on Wall Street, worried about a tightening of monetary policy.
The CAC 40 index fell by 110.34 points to 7,082.80 points at 9:20 a.m. The day before, it had increased by 0.29%.
But the decline of Wall Street Thursday, nimble by the prospect of a rise in key rates by the American Central Bank (Fed), weighed on the Parisian place Friday morning.
The Dow Jones, the flagship New York index, lost 0.89%, its fifth session of decline in a row.
The Fed must fight against inflation because it has gone too far and risks threatening the country’s economic health, commented Ipek Ozkardeskaya, analyst at Swissquote.
Expectations of monetary tightening measures, such as the rise in key rates or the reduction in asset purchases, have weakened the equity markets since the start of the year.
Some corporate results also contribute to this gloomy atmosphere, such as those of Netflix, the first big name in American tech, published Thursday after the close of Wall Street. The streaming platform has seen its number of subscribers grow less quickly than expected.
If titles like Netflix begin to record 20% drops in electronic trading after the close of Wall Street, there is clearly a change of regime at work in the markets, at least Wall Street. How long can Europe resist? while it has shown its resilience since the beginning of the year, wonders Tangi Le Liboux, analyst at broker Aurel BCG.
The car stalls
The car manufacturer Stellantis lost 3.68% to 18.09 euros in the first exchanges while Renault sold 2.10% to 33.15 euros.
The equipment manufacturers Faurecia and Plastic Omnium fell respectively by 2.92% 42.50 euros and 2.48% 22.02 euros.
Retirement : save by paying less tax. 11 contracts compared
Airbus cancels Qatar Airways order
The aircraft manufacturer has canceled an order for 50 A321neos from Qatar Airways, an unprecedented decision taken in the context of its dispute with the Qatari company over its A350 jumbo jets. The action lost 1.66% to 113.80 euros.
Full sun on Pierre et Vacances
The number one European leisure residence published Thursday a turnover of 355.5 million euros for its first quarter 2021/22, a sharp rebound over one year, but down 5.2% compared to last year. pre-crisis. It soared 9.14% 7.64 euros in the first exchanges.
Reproduction forbidden.