The Paris Stock Exchange Anxious for Chinese Foreign Trade (-0.72%) -

The Paris Stock Exchange continued its downward trend on Monday at midday (-0.72%), worried by disappointing figures from China's foreign trade that arouse fears about global growth.

At 2:00 pm (1:00 pm GMT), the CAC 40 index dropped 34.59 points to 4,746.65 points, in a commercial volume of 979.73 million euros. On Friday, he finished with 0.51%.

The Parisian coast started in sharp decline and got stuck in it.

Wall Street was also moving towards a lower opening. The Dow Jones Industrial Average index futures contract reached 0.71%, the broader S & P index lost 0.73% and the technology-dominated Nasdaq index fell 1.00%.

"The European equity markets are in red, investors are worried about the slowdown in the Chinese economy," said David Madden, CMC Markets analyst.

The latest data from China's foreign trade show that imports declined by 7.6% in December, highlighting weak demand. Exports fell 4.4%, adding weight to the argument that the US-China trade war is damaging the Chinese economy, "he said.

China is an important barometer for markets due to the weight of its economy in the dynamics of global growth.

For the second year in a row, China's trade surplus declined overall in 2018, except for the United States.

"The fact that China's trade surplus with the United States was the highest since 2006, in 2018, should not facilitate discussions with Washington," said Franklin Pichard, General Manager of Kiplink Finance.

"This instability comes when the fourth-quarter earnings season opens in the US, and Citigroup will open the ball this afternoon," he continues.

In Europe, the wishes seemed equally unfavorable, with a new shadow in the macroeconomic framework and a greater tension linked to Brexit.

Industrial production in the euro area fell by 1.7% in November from October, a worse result than analysts expected.

With the pain of plunging the UK into a "catastrophic" situation in case of refusal, Prime Minister Theresa May will again defend Monday the agreement of British parliamentarians Brexit in an appeal on the eve of a decisive vote announced as lost in advance. The British government will publish Monday a letter from the European Union containing "assurances" on the Brexit agreement, a spokesman for the leader said.

France "wants a favorable vote" on Tuesday, but otherwise "will be in London to make requests and proposals" for the EU, Elysee said.

– Luxury side and raw materials –

The values ​​of luxury, a sector sensitive to the Chinese economy, were all in difficulty. Hermes lost 1.87% to 487.10 euros, LVMH sold 3.06% to 250.40 euros and Kering fell from 1.82% to 398.50 euros.

The steel sector was also weak, with China being the main importer of raw materials. The Vallourec share fell 3.59% to 1.80 euros and Eramet fell 3.36% to 61.90 euros.

The Euronext shares fell 0.48% to € 51.75 after the official launch of its public offering on the Oslo stock exchange, already revealed at the end of December, for € 625 million.

The Orpea share fell 7.03% to € 86.72 after a reduction in the value recommendation by Exane BNP Paribas.

The Alstom share fell 1.45% to € 34.69. The German competition authority has in turn reserves on the proposed merger between the German Siemens and the French Alstom, which appears increasingly compromised, according to the Financial Times information published on Monday.

BNP Paribas shares fell 0.24% to € 41.27. The group is preparing to abandon its trading activities, a source close to the bank told AFP on Monday, confirming the information released on Friday by the Bloomberg agency.

The Renault stock advanced 1.16% to € 55.98. Finance Minister Bruno Le Maire assured Monday that he was a "pilot on the plane" to Renault with the provisional governance put in place after the incarceration of CEO Carlos Ghosn, ensuring that the 39; state shareholder played "Completely his role".

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