Economy Renewed concerns on European stock exchanges

Renewed concerns on European stock exchanges

-

Eurostoxx lost 0.35%.

Euphoric the day before, European stock markets faltered Thursday, in a news still dominated by the uncertainties around the consequences of the new coronavirus, which caused the death of 1,300 people and hampers the Chinese economy.

“Investors are wondering if the situation is completely under control and how companies will be affected,” Frédéric Rozier, portfolio manager at Mirabaud France, told AFP. “All of this translates into a form of nervousness that makes the market go from one day to the next in the opposite direction.”

“What also poses a question is that there is not a global reading of all the markets: risk aversion is palpable on the foreign exchange, gold or debt markets, but the indices are hold up pretty well so far, “he said.

China announced on Thursday more than 15,000 additional coronavirus infections. A record leap due to a new, broader definition of infection, depicting a more serious epidemic than previously reported.

Elsewhere in Asia, for the first time around forty have been enacted in Vietnam, in a town near Hanoi. For its part, Japan has announced the first death on its territory.

More than the others, the London Stock Exchange ended in sharp decline (-1.09% to 7.452.03 points), due to the jump of the pound sterling which followed the resignation of the British Minister for Finance, Sajid Javid. This departure suggests that Boris Johnson will be able to implement a large stimulus budget next month.

Around 5:20 pm GMT, Wall Street was divided: the Dow Jones Industrial Average lost 0.13%, the Nasdaq index, with strong technological coloring, took 0.05% and the broad index S&P 500 was in very small decline (-0 , 02%).

Eurostoxx lost 0.35%.

On the side of values

ALSTOM ALWAYS BLURRED

Most Recommended Web hosting

World News : archywordys.com

The French railway manufacturer Alstom was awarded 2.27% to 49.09 euros. Canadian automaker Bombardier made no mention in its annual results release on Thursday of a possible takeover of its railway business by the French group, while the German business daily Handelsblatt published an article on Wednesday.

Based on industrial sources, the daily said that the acquisition of 7 billion euros should be formalized with the announcement of the 2019 results of the Canadian aircraft manufacturer. Contacted by AFP, the two companies declined to comment on this information.

THE GREAT ANGLO-SAXONS OF TOURISM ARE SUFFERING

Tourism values ​​have suffered in London from renewed fears over the coronavirus epidemic. Cruise ship Carnival lost 2.37% to 3,129.00 pence and the airline group IAG, owner of British Airways, 1.72% to 628.20 pence.

THE BRITISH MULTINATIONALS ALSO

The rise of the pound has the mechanical effect of reducing the value of the results achieved in other currencies when converted into British currency. Educational services specialist Pearson dropped 4.86% to 556.40 pence and hygiene and health product group Reckitt Benckiser 0.84% ​​to 6,346.00 pence.

PERNOD RICARD CAREFUL

The spirits group Pernod Ricard rose 3.80% to 166.75 euros, with net profit up 1% in the first half of its staggered fiscal year. But it has lowered its annual target for recurring operating income due to the coronavirus epidemic.

Clues at a glance

Paris – CAC 40: -0.19% to 6,093.14 points
Frankfurt – Dax: -0.03% to 13,745.43 points
London – FTSE 100: -1.09% at 7,452.03 points
Milan – FTSE MIB: + 0.12% to 24,892.15 points
Madrid – IBEX 35: -0.31% to 9,909.80 points
Lisbon – PSI 20: + 0.32% to 5,331.96 points
Swiss stock exchange – SMI: + 0.03% to 11,092.35 points
Amsterdam – AEX: + 0.02% to 629.14 points
Brussels – BEL 20: -0.04% to 4. 182.78 points

LEAVE A REPLY

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

Orientation: the guide to face decision making without the backpack full of doubts

Only four out of six students in Secondary, Baccalaureate and Vocational Training are clear about what they want to...

Two corona cases surfaced in Basel-Stadt ++ several children in quarantine ++ Carnival on the kipper – Basel Stadt – Basel – resp

The first case of infection with the Corona virus appeared in Basel-Stadt. This is confirmed by the Basel health...

Coronavirus: 364 isolated students in France

The affected students have traveled to countries affected by the coronavirus. ...

Actor Steven Seagal, fined $ 314,000 for promoting bitcoin

American actor Steven Seagal will have to pay $ 314,000 after reaching an agreement with the US Securities...

Rapperswil against Lugano is also a ghost game

Friborg is in the playoffs ... ...

Where in Kaliningrad emergency excavations will take place in early March (list of streets)

In the regional center in late February - early March, utilities will conduct emergency excavations...

Must read

You might also likeRELATED
Recommended to you