The Paris Bourse fell sharply Monday (-2.52%), losing ground for the sixth straight session after a rebound attempt was cut short due to concerns over falling oil prices.
The CAC 40 index lost 103.55 points 4,005.38 points to the lowest since Oct. 20 in a trade volume fed 4.3 billion. Friday it had dropped 2.77%.
Among the other European markets, Frankfurt dropped 2.72% and 1.87% London. Furthermore, the Euro Stoxx 50 lost 2.75%.
The Paris market tried to rebound during much of the session, before collapsing in the afternoon, even Wall Street was cautious after mixed US data.
“The market is short-term affected by the rapid decline in the price of oil, which has a destabilizing effect for the industry and the producing countries” says Renaud Murail, manager at Barclays Stock Exchange.
“The trade-offs are extremely violent on the oil market,” which is reflected in stock market indices, he said.
Crude prices, which had dropped Friday were hard pressed to recover in a market still under pressure.
“We must also make these changes correlated with the absence of acceleration of global growth “said Mr. Murail, however, warns that the longer term this drop of oil is favorable and should” bring more growth points in the world. “
The crude decline will weaken a little more of a market already sealed by political uncertainty in Greece and “after European indexes posted their biggest weekly decline in more than three years last week,” recalls John Plassard, at Mirabaud Securities.
“The market benefit of any element which would allow it to grow, especially as the political uncertainty in Greece resurfaced,” says Murail.
The week s’ announced as such responsible for markets including Wednesday, the day marking the kickoff of the Greek presidential elections and the end of a two-day meeting of the US Federal Reserve (Fed).
The Bank of Japan (BoJ) will also unveil its monetary policy decision, a few days after the victory of the party of Prime Minister Shinzo Abe to early parliamentary elections, the leader of the Conservative government had caused and turned into a referendum for or against its economic policy ” Abenomics. “
Among the values, Technip has topped the CAC 40 (+ 1.00% to 46.69 euros) after giving up buy CGG, which collapsed (-29, 28% to 4.88 euros).
Total pulled the market down (-2.85% to 39.37 euros), still weighed down by oil.
Bank stocks weighed on the CAC 40 . BNP Paribas lost 3.62% to 46.45 euros, Crédit Agricole 2.58% to 10.18 euros and Societe Generale 2.79% to 34.37 euros.
Several industrial values declined as Renault (-3.23% to 58.04 euros) and ArcelorMittal (-3.55% to 8.56 euros).
Accor has limited the damage (-0.54% at 35 , 05 euros). The group will engage with his Chinese counterpart Huazhu commercial and equity partnership which should enable the French group to ramp up in China.
Airbus resisted (-0.41% to 40.55 euros). AirAsia X, the long haul subsidiary of the Malaysian airline AirAsia, has confirmed an order for 55 A330Neo version remotorisée long-haul star of the group, for a catalog value of $ 15 billion.
Fimalac jumped (+ 14.73% to 60.52 euros). The holding company of Marc ladreit Lacharrière announced the sale of 30% of Fitch Group rating agency in the US publisher Hearst, which already owned a 50% stake.
Plastivaloire lost 0 36% to 33.08 euros after an early session up. The group announced the acquisition of a German specialist for technical plastic parts, Karl Hess.
jbo / fka / az
12/15/2014 6:24:52 p.m. – Paris, December 15, 2014 (AFP) – © 2014 AFP
No comments:
Post a Comment