The Paris Stock Exchange closed Friday (-0.51%), taking the distances from the midweekly run, waiting for concrete reasons related to the trade dossier, to Brexit and to the results of the companies to allow themselves to bounce
The CAC 40 produced 24.32 points to finish at 4,781.34 points in a moderate commercial volume of 2.99 billion euros. It gained 0.78% in the last week and 1.07% from the beginning of January.
After opening a small rise, the Parisian coast quickly settled in red.
The New York Stock Exchange opened lower Friday, catching breath after five consecutive hiking sessions.
After making good progress this week, the market, which "may have been overflowing, especially in the Chinese and American talks" that expected concrete details, "returns to reality" showing "the desire to take distance before the weekend", said AFP Frédéric Rozier, portfolio manager of Mirabaud France.
He believes that the recovery of the last days has been "rather technical" and that "the market is not ripe for the moment of rebound", caution is needed before the Brexit vote and the series of results of the companies The Americans expected next week. Furthermore, "the market was very sensitive to value recommendations" during the Friday session.
On the Brexit front, European Commission President Jean-Claude Juncker said on Friday that "all efforts" should be made to avoid the scenario of a divorce without an agreement, with a crucial vote of ratification of the British parliament scheduled for Tuesday. And the UK's largest employer organization, CBI, has argued that a Brexit without an agreement would be "unmanageable" given the expected consequences for economic activity and the economy.
On the indicator side, economic growth in the United Kingdom increased slightly in November, but continues to lack momentum due to the uncertainties of Brexit.
The growth of the fourth quarter of 2018 in France was kept at a modest 0.2% by the Banque de France.
In Italy, industrial production fell by 1.6% in November in a month and in Spain fell by 2.6% in November year-on-year.
On the other side of the Atlantic, consumer prices fell 0.1% in December in the span of a month, as analysts forecast, due to falling energy prices .