Home Business The Paris Stock Exchange resumes more and approaches the highs of late...

The Paris Stock Exchange resumes more and approaches the highs of late April – Indices & Actions

The CAC 40 index gained 73.85 points to 5,448.11 points, in an average trade volume of 3.7 billion euros. The day before, it ended up 0.62%. The Paris rating opened slightly lower, before raising the bar in the late morning and then increase its earnings.

"This is a day where there was no bad surprise, except in the morning, but the decline was quickly filled," summarized the AFP Alexandre Baradez, an analyst of IG France.

The European and American equity markets had already been worn Wednesday by the possibility of a postponement of US customs taxes on the automotive sector.

But at the same time, Donald Trump on Wednesday banned US telecom networks to provide equipment to foreign companies deemed at risk, a measure of "national emergency" targeting first China and the equipment manufacturer Huawei.

Beijing retorted on Thursday by warning Washington of "an infringement" of trade relations.

"Sovereign bond rates that stopped declining as well as recovering oil contributed to this rebound, even though there was no catalyst for a particular statement," M continued. Baradez.

-Rumors or statements –

According to him, this clear recovery of equity indices can also have technical causes.

Moreover, "the statistics of the afternoon were not bad," he noted.

Housing starts in the United States rebounded more than expected in April, an improvement recorded mainly in the northeast of the country, according to data from the Commerce Department released Thursday.

Meanwhile, weekly claims for unemployment benefits have declined more than expected for the week ended May 11, said the Department of Labor.

"But now, for the market to go higher, it will have to be supported by rumors or statements by the White House, or China" in the direction of a relaxation of the trade dispute, said Mr. Baradez.

As for other indicators, in March Italy recorded a surplus in its trade balance of 4.625 billion euros, a moderate increase of 100 million euros over one year.

In terms of securities, Ubisoft finished bottom of the SBF 120 (-12.65% to 72.06 euros), weighed down by its outlook for 2020, despite good results in its off-the-shelf exercise 2018-2019.

Euronext ended up on the other hand on a jump of 4.17% to 63.70 euros. The trader posted a quarterly net profit down, but higher than expectations. In addition, its shareholders unanimously approved the acquisition of the entire capital of the Oslo Stock Exchange.

– Boiron hanging –

CNP Assurances took 3.70% to 20.74 euros after reporting a rise of 4.2% year on year its net profit in the first quarter, a result however slightly lower than the expectations of analysts.

Eutelsat regained ground (+ 4.31% to 15.98 euros) after losing more than 7% the day before, against a backdrop of a downward revision of its objectives for the current financial year. The satellite operator will also participate through its US subsidiary, a study of NASA on the use of commercial satellites for future communication and navigation services of the US space agency.

Bouygues rose 1.43% to 33.39 euros despite a loss of 59 million euros in the first quarter. On the other hand, its turnover jumped by 16%.

Arkema rose 3.78% to 81.28 euros after announcing the acquisition of the US company ArrMaz, valued 570 million dollars.

EssilorLuxottica gained 1.29% to 109.95 euros. Leonardo Del Vecchio Group CEO and largest shareholder said Thursday at the group's ordinary general meeting that it would be "very difficult" to find a CEO by the end of 2020 as planned and favored internal recruitment .

The homeopathy group Boiron suspended Thursday its stock market, denouncing a "breach of secrecy" of the preliminary opinion of the High Authority of Health (HAS) on the assessment of the medical benefit of homeopathic medicines.

. (tagsToTranslate) CAC 40 INDEX The Paris Stock Exchange leaves again and approaches the highest end of April


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