(CercleFinance.com) – As expected, the Paris Bourse has turned down Tuesday morning as investors without a catalyst to keep the rebound from the previous day
to 10.30. the CAC 40 index lost 0.5% to 4175.8 points. The trend is the same in the rest of Europe, where London yields 0.1% and Frankfurt fell back 0.4%.
‘There are few data that could move the markets today, both in terms of the economy and companies, “warns one trader.
‘It could therefore be expected that the adjustment made yesterday is ephemeral,” adds-t there.
For technical analysts at Barclays Bourse, only an overflow of 4230 would revive a bullish momentum.
The day will be marked by the release of the ZEW sentiment of investors and financial analysts in Germany, which could just be a catalyst if good surprise.
However, the consensus provides an indicator fell to 56 in August, against 61.8 in the month of July.
As for values, it is mainly the analyst recommendations that affect the share price this morning.
Technicolor wins 2.8% to nearly 5.5 euros, while Morgan Stanley reiterated its recommendation Tuesday “overweight” on Technicolor while raising its price target on the title of 5.3 to 6.1 euros.
Conversely, Arkema 1.6% to 55.8 euros, while Citi downgraded its recommendation on the title of “buy” to “neutral” with a price target lowered from 90 to 60 euros, saying the specialty chemical company would take time to regain market confidence.
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