The Paris Bourse widening losses, affected by the fall of … – Boursorama

The Paris Bourse widening losses, affected by the fall of … – Boursorama

The Paris Bourse was down sharply on Monday afternoon and was digging its losses (-2.37%), penalized by the further decline in oil prices and uncertainty about the political situation in Greece.

At 3:44 p.m. (2:44 p.m. GMT), the CAC 40 index lost 100.98 points 4,151.31 points in a trade volume of 1.6 billion euros. Friday, it fell by 0.48%.

The Paris market was losing a lot of ground in the afternoon, after yet spent part of the morning in the green. It was particularly penalized by a lower opening on Wall Street.

“Investors still lack visibility for the coming weeks,” Christopher Dembik analysis, economist at Saxo Bank, that “operators are faced to a multitude of risks still poorly understood “early this year.

The Paris index was always very sensitive to oil price evolution continued its fall in New York, to its more lowest levels in nearly six years, which weighed on the sector, particularly Total, one of the heavyweights of the CAC 40.

“It’s mostly raw materials that weigh in Europe,” say the Economists at Aurel BGC.

The economic and political climate in the euro zone also weighed on the trend, when the euro sinks under $ 1.20.

can attend “renewed volatility due to the approach of the first meeting of 2015 the ECB (European Central Bank, ed) and legislation in Greece,” says Mr. Dembik.

Chancellor Angela Merkel Sunday sparked controversy in Germany, after a news report that she was ready to leave Greece out of the euro zone in the event of coming to power of the radical left in this country in parliamentary January 25.

Finally, investors also keep the ECB’s next meeting in crosshairs on January 22, especially as inflation figures in Germany underline the current difficulties in the euro area and feed the hope for new support measures.

German inflation slowed sharply again in December, reaching 0.2% year on year, its lowest level since October 2009.

Among the values, the oil sector was suffering, like Total (-4.10% to 40.78 euros) and Technip (-3.50% to 47.54 euros).

On the other hand sensitive stocks to decline in the euro resisted, as Essilor (+ 0.10% to 91.09 euros), Airbus (-0.36% to 41.38 euros), Safran (0, 02% to 51.06 euros) and Capgemini (-0.30% to 59.94 euros).

Club Méditerranée (-2.19% to 24.54 euros) was in line with the price proposed by Fosun, now alone in the running to buy the holiday villages operator after the abandonment of the Italian businessman Andrea Bonomi. Fosun 24.60 euros per share offers Club Med.

The banks were penalized by the Greek case. BNP Paribas (-4.25% to 47.33 euros), Credit Agricole (-3.76% to 10.49 euros) and Societe Generale (-3.72% to 34.05 euros).

jbo / fka / etr

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