Friday, July 15, 2016

The Paris Bourse ended the week down – Boursorama



The Paris Bourse ended down (AFP / File / Thomas Samson)

The Paris Bourse ended down (AFP / File / Thomas Samson)

The CAC 40 index lost 13.01 points Friday 4372.51 points in a low volume of trade 2 6 billion euros. The day before, he had 1.16%.

During the past week, the index gained 4.34%. Its losses since January 1 are reduced to 5.71%.

On the other European markets, the Frankfurt Stock Exchange lost 0.01% and London rose 0.22%. Furthermore the Eurostoxx fell by 0.15%.

The Paris market has been affected since the opening by the bombing in Nice, where a truck crashed into the crowd on the Promenade des Anglais , causing 84 deaths.

“Today there was an accumulation of events, beginning with the tragedy that hit France” whose impact is “mostly reflected in the sectors tourism, luxury and transport, “observed Alexander Baradez, an analyst at IG France.

Eight months after jihadist attacks in November 2015 in Paris and Saint-Denis, President of the Republic french, Francois Hollande, spoke just hours after the fact, “an attack that the terrorist nature can not be denied,” announcing the three-month extension of the state of emergency, which was to end on 26 July.

the securities related to the aviation sector and tourism have thus accused of sharp decline. AccorHotels lost 3.04% to 37.42 euros, Europcar 3.63% to 7.25 euros and Air France-KLM 1.60% to 5.91 euros.

Similarly, values luxury, a sector highly dependent of foreign customers, fell to the image of Kering (-0.87% to 153.15 euros) and LVMH (-0.71% to EUR 140).

“the tragic event in France iced tourism. security is once again put to the test in Europe and tourism could suffer the consequences”, also noted the Saxo Bank analysts.

investors remain “also always concerned about the consequences of Brexit and decisions taken by the central banks,” investors “are asking questions about their ability to manage” the change, said Mr. Baradez.

“These three themes are that the market is cautious,” he said.

the British Prime Minister, Theresa May, defended the unity of the United Kingdom Friday in Scotland, where the prime minister, Nicola Sturgeon, has planned to organize a referendum on independence.

investors have also taken note of a series of indicators better than expected the United States, as retail sales or industrial production in June. Inflation for the same month was however was slightly lower than expected.

Among the other values, PSA dropped 1.08% to 11.89 euros and Renault 0.71% to 74.39 euros. Registrations of new passenger cars in the EU increased 6.9% in June, slowed by the United Kingdom with “Brexit”, with a 20.2% increase for Renault but down 0.6 % for PSA.

Carrefour ended at equilibrium (-0.02% to 23.18 euros) thanks to an increase of recommendation by Citigroup.

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