The Paris Bourse weighed down by renewed tension in Ukraine – The Point

The Paris Bourse weighed down by renewed tension in Ukraine – The Point

The Paris Bourse ended sharply lower Friday (- 0.74%), after the announcement of a military clash in Ukraine, despite the increase in gains late in the session. And because the shootings have reignited fears of geopolitical conflagration.

The CAC 40 index lost 31.07 points 4 174.36 points ending two consecutive sessions of rise, volume in a relatively fed for a holiday of € 3.3 billion. The day before he had gained 0.25%. The Paris market had not yet ceased to increase its growth much of the day, so much to take at one time more than 1% before turning back late in the session. “The market is still subject to geopolitical hazard that was a little put aside recently,” observes Peter Martin, an analyst at Saxo Bank.

Russian armored vehicles “destroyed”

Artillery of the Ukrainian army shooting “destroyed” largely on the night of Thursday to Friday a column of armored troop carrier that had penetrated the eastern Ukraine since Russia in the evening, announced the Ukrainian presidency.

“We must remember that the market decline for two or three weeks took place in a rather tense geopolitical climate,” adds Martin. “The confrontation in Ukraine is an important reminder that geopolitics can not be ignored,” when settled a sense that “the decline in the beginning of the month was exaggerated” reports Jasper Lawler, an analyst at CMC Markets.

The market was pretty well in this regard cashed bad growth figures in the Eurozone released Thursday, which had fueled hopes of a new wave of European Central Bank (ECB).

EDF to head the CAC 40

The erratic movements of the CAC 40 could be amplified further by the absence of many investors in holiday of August in France .

Among the values, EDF took the lead in the CAC 40 index (+ 2.33% to 24.61 euros), benefiting from an increase in its recommendation by RBC Capital “on -performer “.

Industrial or dependent values ​​of market movements have suffered the brunt of the downturn in the CAC 40, the image of Renault (- 1.69% to 57.54 euros), Lafarge (- 1 , 93% to 55.98 euros), ArcelorMittal (- 1.50% to 10.19 euros) and Air France-KLM (- 2.26% to 7.34 euros). Orange has lost 0.63% to 11.05 euros, while the telephone company has initiated discussions to sell part of its network of antennas in Spain, according to the Financial Times . Go Sport took 2.41% to 4.25 euros. The group will strengthen its bargaining power with suppliers, with the rallying its network of affiliated stores cooperative Twinner France.