CAC40: session of the ‘4 witches’ increasingly negative

(CercleFinance.com) – The Paris Bourse is gradually losing altitude and downward from -1.1%, pushing the 5,000 threshold a little more clearly, to 4.984Pts (the E- stoxx50 is more resilient with -0.8%, despite the -2% suffered by Madrid).

The week ended on an overall negative note of -1%, in a more general context of gloom in global markets.

In Paris, the market has seemed sluggish for 3 months … 3 months of stagnation (gain of around + 1% since June 15 and the previous session of the ‘4 witches’) … while the Nasdaq is not gaining in far from + 10% in the meantime.

The Nasdaq (-0.2%) continues consolidation sessions, this is the 3rd consecutive this week. The S & P500 also fell -0.2% after -0.5% on Thursday, an unusual heaviness for an equally unusual ‘4 witches’ session, with an unprecedented volume of options expiring (almost 100% more until September 2019!).

‘Global equity markets continued to lose ground on Thursday, with weak economic data coupled with renewed concerns about the coronavirus which weighed on investor morale,’ said Deutsche Bank.

Operators learned at 4:00 p.m. of the Conference Board’s composite index of leading indicators for August, which rose 1.2% last month to 106.5 in August.

Earlier this morning UK retail volume sales rose 0.8% in August from the previous month, according to the ONS, topping consensus by 0.1 percentage point, and 4% above consensus level last February, before the coronavirus pandemic.

Noting, however, that ‘unemployment is rising and other parts of the economy, like investment, take longer to recover’, Capital Economics does not ‘expect GDP to return to its previous level. the virus before approximately early 2022 ‘.

The Euro is up + 0.1% towards 1.1845 against the Dollar, but it is a very calm week which ends on the FOREX, with a well stabilized $ before then after the meeting of the FED.

In the news of securities, another terrible session for real estate companies (commercial premises and offices) with -12% on Unibail, -10% around Klépierre and Mercialys.

Heavy correction also on Lagardère which fell by -11.3% (back to square one at the beginning of the month)

following the amendment to their merger agreement, Fiat Chrysler Automobiles (FCA) and Peugeot announce that the shareholders EXOR, EFP / FFP, Bpifrance and DFG have accepted a non-transferability clause for their Faurecia shares, for a period of six months .

This non-transferability clause will take effect from the completion of the plan to distribute Peugeot’s 46% stake in Faurecia to all the shareholders of Stellantis, a company that will result from the merger of the two manufacturers.

On the eve of the 2020 24 Hours of Le Mans, Plastic Omnium indicates that it is partnering with MissionH24, a project jointly developed by the Automobile Club de l’Ouest and GreenGT, a Franco-Swiss group specializing in electric-hydrogen propulsion systems.

MissionH24 aims to create a category dedicated to electric-hydrogen prototypes at the 2024 24 Hours of Le Mans, a category for which Plastic Omnium will be the exclusive supplier of gaseous hydrogen storage systems for all teams.

The health giant Sanofi announces the appointment of Dr Jean-Christophe Rufin as President of the Sanofi Espoir Corporate Foundation, succeeding Xavier Darcos, who has chaired the Foundation since 2015.

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