Monday, August 1, 2016

Concern about banks pushed back the Paris Bourse – Boursorama

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

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

The CAC 40 index lost 30.64 points 4409.17 points in low volume trade 2.6 Billions of Euro’s. Friday he had won 0.44%.

On the other European markets, the Frankfurt Stock Exchange ended at equilibrium (-0.07%) and the London down 0.45%. Furthermore the Eurostoxx fell by 0.78%.

The Paris stock exchange opened in the green before losing ground, struggling to digest the stress test results released Friday by the Banking Authority European (EBA).

“The session was marked by a turnaround in banking stocks that had yet opened in the green,” observed Daniel Larrouturou, deputy CEO of Diamant Bleu Gestion.

“In initially, investors positively analyzed these stress tests. But concerns were soon back on the capabilities of certain banks to recapitalize, starting with the Italian banks, “he developed.

– fragility –

These tests show “underscored the fragility of ten actors who will have to adjust,” also stressed the Crédit Mutuel-CIC economists

the rating has also suffered a “further decline in oil prices that has weighed on oil and oil services values,” he added.

in addition to the fact “low volumes summer “, movements have been accentuated, he said.

as for the indicators, the PMI index for the UK proved lower than that announced the end of July when the first estimate, which weighed on European markets, noted Jasper Lawler, CMC markets analyst.

the ISM index of manufacturing activity for its part, slowed in July.

But as it “proved in line with expectations, with a slight slowdown in the United States which was already evident in the figures of last Friday’s GDP, this figure was therefore not likely to change market analysis, “said Mr Larrouturou


-. Sharp decline of Societe Generale –

in the field of values, the banking sector fell sharply. Societe Generale dropped 3.67% to 29.44 euros, Credit Agricole 1.43% to 7.81 euros, BNP Paribas 1.49% to 43.70 euros and Natixis 1.14% to 3.64 euros.

the oil-related shares were also penalized, Technip flowing back from 3.24% to 48.31 euros, Vallourec 2.98% to 3.16 euros, CGG 6.22% to 20, Total 05 euros and 1.56% to 42.10 euros.

Air Liquide lost 2.42% to 93.08 euros. The industrial gases group on Monday released a net profit down 4.6% in the first half, hit by exceptional costs related to the acquisition of Airgas, and confirmed its annual targets.

Legrand took 3.79 %% to 51.22 euros. The group confirmed “fully” its targets for 2016 after releasing a stable net profit in the first half.

The title of the asset management company Amundi has finished top of the odds, rising 7.42% to 42.00 euros, thanks to the publication of a second strong quarter marked by outstanding exceeding for the first time 1,000 billion.

the automobile sector has evolved down, Renault lost 1.10% to 77.39 euros and Peugeot 1.78% to 13.27 euros. After a year and a half of continuous rise, the French car market recorded a decline of new registrations of 9.6% in July, confirming the expected slowdown in the second half.

Veolia took 0.15 % to 19.89 euros after its operating performance in the first half, in a sluggish economic environment.

Maurel et Prom was suspended about him. The Indonesian national oil company Pertamina will become the main shareholder of the group buying out 24.53% owned by Pacifico, the company’s CEO of French oil group, Jean-François Hénin, and plans to launch in the wake of a takeover bid valuing now at least 822 million euros.

SoLocal has in turn requested the suspension of its listing to the opening of Thursday’s session, pending a statement “on the progress of its financial restructuring.”


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