The CAC 40 relapse and falls under the threshold of 4,000 points – Le Figaro

The Paris Bourse continues to mope. The CAC 40 falling more than 3% and fell to less than 4,000 points shortly after the difficult opening of Wall Street, the financial markets remain very affected by Brexit and all the uncertainties that it induces.

Friday, it had dropped to 8.04%, one of its worst plunge since the financial crisis of 2008. since the vote in favor of Brexit in just two sessions the CAC 40 lost 10% of its value. It has found its floors in the month of February.

After a brief stabilization at the opening, the Paris market was caught by fears and gradually down, approaching more and more the symbolic threshold of 4,000 points. “European indices drink the cup again and approach the lows tested Friday morning sitting. They are driven by the banking sector, which no longer knows what to hang up as there is considerable uncertainty, “said the broker Aurel BGC.

” The decision of the British people plunges in global markets area of ​​major uncertainties. We are now in uncharted territory, “also stressed Groupama AM economists. The market had indeed clearly trouble digesting the defeat suffered Friday in unison with other financial centers, surprised by the victory for the Brexit, ie an output of the United Kingdom of the European Union.

All the statements were scrutinized and peeled while the British pound and the euro also remained fragile. Prime Minister David Cameron met Monday its council of ministers and deputies resumed their work, four days after the vote, while in opposition, the Labour Party is also in turmoil.

the EU would in turn that the divorce proceedings engages quickly, but London has to take his time. Finance minister George Osborne sought to reassure the health of the UK economy facing Brexit and warned that the UK will activate Article 50 to leave the EU at the appropriate time.

Aurel BGC, “the main appointments of the week is the summit of European leaders, tomorrow and Wednesday.” To discuss the implications of Brexit and prepare this meeting, German Chancellor Angela Merkel is to receive in the day in Berlin the European Council President Donald Tusk and French President François Hollande and Italian Prime Matteo Renzi.

Finally, a day without another appointment that further Brexit the Spanish elections, marked by the victory of the conservatives, were secondary.

banks relapse

Among the values, the financial sector fell after briefly caught his breath in early trade. BNP Paribas lost 6.31% to 36.92 euros, Credit Agricole 4.56% to 7.30 euros, Societe Generale 6.82% to 26.84 euros and Axa 7.73% to 16.77 euros.

Eurotunnel, one of the most exposed groups to the UK economy, clinched 11.81% to 8.82 euros.

Sanofi was up (+ 1.30% at 70 27 euros) after sealing with Boehringer Ingelheim definitive agreements on the exchange of the animal health division of the french lab, Merial, against that of public health the German group.

Nexans (-8 59% to 36.57 euros) and Rexel (-12.39% to 10.43 euros) were penalized by a lowering of recommendation from JPMorgan.