Economy European stock market defensive weekend

European stock market defensive weekend


Eurostoxx lost 0.15%.

European stock markets continue to falter in the face of the coronavirus epidemic, which has infected more than 60,000 people in China and is disrupting its economic activity, and ended the week generally in red on Friday.

“The danger of bad news from China remains present for the market,” summarized Andreas Lipkow of Comdirect.

“Yesterday (Thursday) we had not necessarily positive news around the coronavirus, which is still the main catalyst today,” Andrea Tuéni, an analyst at Saxo Bank, reminded AFP. China announced on Thursday more than 15,000 additional coronavirus infections due to a new, broader definition of infection.

On Friday, the latest death toll said 1,400 died in China, where authorities said six health workers had died. Nearly 64,000 cases of contamination have now been recorded in the country, including at least 1,716 among doctors and nurses working in contact with the sick.

In Germany, GDP stagnated in the fourth quarter of 2019 and the Frankfurt Stock Exchange closed for the second day in a row.

Around 5.30 p.m. GMT, Wall Street was divided: the Dow Jones Industrial Average lost 0.16%, but the Nasdaq index, with strong technological coloring, was in very small increase (+ 0.02%), like the broad S&P index 500 (+ 0.02%). The American markets will be closed Monday for a day honoring all presidents.

Eurostoxx lost 0.15%.

On the side of values


The German group (-1.21% to 170.46 euros) proposed Friday to pay 830 million euros to settle a big lawsuit which opposes it to more than 400,000 customers requesting repair for their cars equipped with faked diesel engines, even if negotiations with the association grouping the applicants have so far failed.

The manufacturer also reported sales down 5% in January, especially in China (-11% year on year), where the lunar new year holidays had been extended due to the new Coronavirus.

Most Recommended Web hosting

World News :


Another automaker, same orientation: Renault ended the session in the red, from 0.90% to 34.50 euros, penalized by the announcement of its first net loss in ten years. Previously, the title had momentarily recovered during the session, reassured by words from the acting director general, Clotilde Delbos.

The latter did not rule out Friday that the automaker closed factories, including in France. “We have no taboos and we don’t rule anything out,” she said, adding that the automaker will “review all of our types of costs and charges.”


Conversely, EDF jumped 9.68% to 12.87 euros, driven by a net profit multiplied by more than four in 2019, inflated countably by financial results linked to the good performance of the financial markets. The group benefited from the positive change in its dedicated assets, intended to cover the costs of nuclear dismantling and waste management.

On a more operational level, its gross operating surplus (Ebitda) rose 12% to 16.7 billion euros, at the top of the group’s forecasts and above analysts’ expectations.


The Royal Bank of Scotland remained cautious on its financial targets despite a jump in profits in 2019, and its share price was affected (-6.82% to 213.10 pence).

New CEO Alison Rose will change the name of the bank to NatWest, restructure the investment bank to be cut in half, and do more to fight climate change.

Clues at a glance

Paris – CAC 40: -0.39% to 6,069.35 points
Frankfurt – Dax: -0.009% to 13,744.21 points
London – FTSE 100: -0.58% at 7,409.13 points
Milan – FTSE MIB: -0.10% at 24,867.01 points
Madrid – IBEX 35: + 0.47% to 9,956.80 points
Lisbon – PSI 20: -0.07% to 5,328.34 points
Swiss stock exchange – SMI: + 0.33% to 11,128.81 points
Amsterdam – AEX: + 0.01% to 629.23 points
Brussels – BEL 20: + 0.06% to 4. 185.44 points


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Andrea Bocelli will sing on Easter Sunday from the Duomo in Milan

The Duomo, the impressive cathedral of Milan, will open its doors to music on April 12, Easter Sunday. Andrea...

Coronavirus in the US: Trump is now threatened by WHO and China

1/57Washington: Trump threatens WHO with a payment freeze.2/57The US president also said he knew nothing of a government corona...

Van der Sar convinced John: ‘Manchester City didn’t do things like that’

Collins John made an unusual transfer in the middle of the 2003/2004 season: the striker moved from Twente FC...

Animal Crossing: New Horizons – Bunny day until April 12th: handicraft instructions, lucky eggs and what else is available •

Everything for the great Easter event With the Bunny day the very first event is currently running in Animal Crossing:...

Must read

You might also likeRELATED
Recommended to you