Thursday, May 18, 2017
The Paris Stock Exchange Remains Cautious About The Difficulties Of Trump
At 09:36 (07H36 GMT), the CAC 40 index lost 6.98 points to 5,310.91 points. The day before, it had finished a sharp decline of 1.63%.
"The setbacks and clouds that accumulate over President Donald Trump" weigh on European indices, underlined the experts of Mirabaud Securities Geneva.
According to them, "the latter must calm and clarify the situation before a (real) panic takes place on the markets".
Stock markets hit a hard hit Wednesday after a New York Times article appeared Tuesday night, according to which Trump reportedly asked FBI director James Comey in mid-February to sack the Last week, to stop investigating Michael Flynn, his former National Security Advisor.
For analysis of Aurel BGC, however, it is "difficult to consider that the fall of the markets will be sustainable".
"The removal of a US president is an extremely cumbersome procedure, and no president has ever been dismissed (Nixon had resigned)," they said.
According to them, investors have incorporated the fact that "Donald Trump's reform agenda was already seriously compromised even before the last political sequence."
"On the European markets, the decline" recorded Wednesday is, however, "salutary" given the rapid rise of the indices lately, they estimated.
On the indicators side, publications are concentrated in the United States with weekly claims for unemployment benefit and the composite indicator of economic activity in April (Conference Board).
Investors will also take note of the minutes of the last meeting of the European Central Bank.
EDF is recovering
On the stock market, Elis lost 2.70% to 19.45 euros in the wake of the announcement of its intention to buy back its British competitor Berendsen, valued 2 billion pounds (about 2.4 billion euros) Excluding debt, to "create a pan-European leader" in the sector.
(+ 1.55% to 8.98 euros) after falling more than 6% the day before the announcement of the appointment of Nicolas Hulot as Minister of Ecological Transition.
Iliad declined 0.36% to 232.60 euros while the parent company of the telecommunications operator Free, announced a 7% increase in its turnover in the first quarter to 1.22 billion euros, Driven by the growth of its mobile telephony business.
AB Science was plunged from 6.30% to 11 euros, penalized by the receipt of a negative opinion from a committee of the European Medicines Agency (EMA) to its application for authorization from its drug candidate masitinib, A new predictable after the suspension of its clinical trials in France.
Air France-KLM lost 1.45% to 9.02 euros. The board of SNPL of Air France, the majority union for pilots, announced that it would "return to the direction" to ask for "clarifications" on certain points of the project "Boost" company at reduced costs, refuting any will To "reopen a negotiation".
GTT rose from 0.95% to 35.24 euros, supported by the announcement of an order for the equipment of two new LNG tankers, a sign of a start of the recovery of the sector, according to its CEO.