The Paris Bourse continued to rise after Wall Street (+ 0.16%)
The Paris Bourse remained higher Monday after opening up Wall Street (+ 0.16%) while the news was quite hollow.
At 3:09 p.m. (2:09 p.m. GMT), the CAC 40 index took 8.35 point to 5282.75 points in a trading volume of 1.16 billion euros. On Friday, he had closed up 0.39%.
The Paris stock exchange opened higher and remained on this trend. “The markets push up after the impressive figures of US employment,” noted analysts in a note broker Aurel BGC.
The monthly employment report in the US showed both a sharp increase in job creation in February and moderate wage growth and away from fears of a too rapid monetary tightening.
The market seemed insensitive to recent announcements of US President Donald Trump. This formalized on Thursday its decision to impose import duties of 25% on steel and 10% aluminum. They must enter into force by ten days.
Mr. Trump then demanded Saturday the European Union (EU) “abandonment” of customs and regulatory barriers on US products to the EU to be exempted from these taxes. He threatened to tax the European cars if Brussels did not comply.
Airbus lost 1.48% to 96.87 euros after signing with Turkish Airlines an agreement for the purchase of 25 A350-900 long-haul aircraft for a total price of 7.9 billion catalogs.
Sanofi nibbled 0.50% to 65.91 euros. The anti-cholesterol group and its US partner Regeneron Praluent, demonstrated an overall reduction in cardiovascular risk, as its direct rival, Repatha Amgen, but also an overall decline in mortality, according to results of a large clinical study.
The utility sector was on the rise, the Suez image (+ 2.19% to 11.93 euros) and EDF (2.03% to 11.07 euros), boosted by the announcement of German energy company RWE Sunday of the sale of its subsidiary Innogy its competitor E.ON as part of a major operation with a total value of over 20 billion euros.
Conversely, Partouche fell from 15.15% to 28.00 euros. Seven people, including three managers of casinos of the group, were placed in custody on the night of Saturday to Sunday by officers of the Central shopping and games (SCCJ) as part of an investigation including “laundering tax fraud, “did we source close to the investigation.
SuperSonic Imagine tumbled from 11.73% to 1.73 euros, showing investors are sensitive to the lawsuit filed in the US by the American company Verasonics, which accuses him of violating some of its patents, and about which the French company says it will defend itself “vigorously”.
Finally, GENFIT jumped 7.82% to 25.10 euros, boosted by a monitoring start to ‘buy’ by the US broker HC Wainwright.