The Paris Bourse caught its breath at the opening Wednesday and lost 0.21%, after two weeks of soaring against the backdrop of progress in the quest for a vaccine against Covid-19 and the US presidential election.
The Paris index fell 11.74 points to 5,471.26 points shortly after the opening the day after a small increase of 0.21% at the close.
Since the beginning of November, the Parisian index has soared by 19%, boosted first by the election of Joe Biden to the White House, then by the successive announcements of Pfizer and BioNTech, then Moderna, of a vaccine potentially very effective against Covid-19.
On Wednesday the euphoria subsided a little and investors were once again monitoring the health situation and the economic consequences of the pandemic. On a European scale also the main indices fell between 0.2% and 0.5%.
Investors “are focusing more on the short term and the economic damage of lockdowns and restrictions than on the prospect of a vaccine that is not for now,” observes Michael Hewson, chief analyst for CMC Markets UK, at image of Wall Street’s negative reaction the day before to an indicator on retail sales.
France exceeded the bar of two million confirmed cases of Covid-19 on Tuesday since the start of the epidemic, said the Director General of Health Jérôme Salomon on Tuesday.
In the ambient economic slump against the backdrop of the health crisis, the pace of business creations slowed in October with a small increase of 0.4% over one month, after an increase of 2.2% in September, according to a published indicator Wednesday by INSEE.
At the European level, more than 15 million cases have been identified since the arrival of the virus on the continent in early 2020, according to a count made by AFP on Tuesday at 6.15 p.m. GMT.
The spread of the virus, however, seems to be stalling in most European countries: around 265,000 new daily cases on average have been recorded there over the last seven days, a drop of 9% compared to the previous week.
Among the values of the day, Ubisoft (+ 3.30% to 82.04 euros) announced on Tuesday that the recent launch of its game Assassin’s Creed Valhalla represented the best commercial start week for a game in the history of the business.
Thales (-0.22% to 79.90 euros) on Tuesday signed one of the largest contracts in its history, the supply for 1.5 billion euros of communication and combat management systems for future frigates of the German Navy, announced the French electronics and defense group.
The European car market fell again by 7.8% in October with 953,615 vehicles sold, following the reconfiguration of several nations, according to figures released Wednesday by the manufacturers. PSA (Peugeot-Citroën-Opel, -0.84% to 18.82 euros) saw its sales fall by 6.6% and Renault (+ 0.78% to 30.20 euros) increased (+0.2 %).