Paris (AFP) – The Paris Bourse ended the week upset (-0.72%), ruminant employment figures in the US worse than expected but do not rule provided monetary tightening the Fed in September.
The CAC 40 lost 37.36 points 5154.75 points in moderate trading volume of 3.1 billion euros. The day before, he had virtually stabilized (-0.09%).
In other European markets, the Frankfurt Stock Exchange lost 0.81% and 0.42% in London. Furthermore the Eurostoxx fell 0.84%.
After his morning waiting for the US employment, primary statistical week, the market has some accused the coup after the publication of a number of lower job creations to the consensus of analysts.
The United States created 215,000 more jobs than they destroyed, against 225,000 expected, marking a decline 6.9% compared to June, while analysts had forecast an increase of 2.7%.
“These figures are lower than the consensus but not really disappointing either and mostly they do not stray the prospect of a recovery in September by the US Federal Reserve policy rates, “said Alexandre Baradez, an analyst at IG France.
” This publication keeps the US indices down and European markets snap to them, “said Mr. Baradez.
215 000 jobs created in the United States were lower than expected by analysts 225,000 in July, while the unemployment rate (5, 3%) was maintained for its part to its lowest level in seven years.
The use in July and is significantly under the average of the last three months (235,000), which was however doped by the upward revision of the creations in June, now estimated at 231,000 against 223,000 originally announced.
The evolution of the labor market is scanned by the US Federal Reserve (Fed) and indirectly by investors looking for clues about when the central bank choose to tighten its monetary policy.
The figures published are “solid rather than spectacular”, also found Paul Ashworth, chief economist for the US at Capital Economics.
Because “although the 215,000 jobs created in July are slightly below the consensus was $ 225,000, these creations are more than sufficient to allow the Fed to stay on a path of rising interest rates in September, “he added.
In the field of values, the oil sector has regained strength, so that He is under pressure recently due to the weakness in crude prices. Total acquired 1.10% to 45.80 euros, Technip 0.42% to 50.17 euros, Vallourec 1.60% to 13.37 euros, Maurel et Prom 1.41% to 5.12 euros and CGG 1 , 09% to 4.07 euros.
JCDecaux has lost 1.91% to 33.47 euros after winning the advertising bus shelter contract for urban transport in London, which will begin on 1 January 2016.
Faurecia benefited (+ 0.30% to 36.35 euros) a favorable rating of Goldman Sachs.
Engie (formerly GDF Suez) benefited (0, 90% to 17.91 euros) an increase of recommendation by Credit Suisse, as Ipsen (+ 1.58% to 59.93 euros), while HSBC lowered his on Natixis (-3.91% to 6.38 euros).
Derichebourg plunged (-8.52% to 3.04 euros), the slight upturn in activity in the third quarter was not enough to reassure the market.
Paris Orléans fell sharply (-4.55% to 27.67 euros). The listed company bringing together all the Rothschild group’s activities, saw its revenues decline by 2% in the first quarter of its 2015/2016 financial year.
Norbert Dentressangle has lost 2.51% to 194.55 euros. The company saw its profit fall by 57% in the first half, a period marked by exceptional expenses related to its purchase by the US group XPO Logistics.
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