The Paris stock market fell slightly (-0.12%) on Wednesday mid-day, after a strong rebound recorded the day before in the wake of solid results in the United States.
At 13:35 (11:35 GMT), the CAC 40 lost 5.999 points to 5.167.06 points, in a foreign currency of 1.4 billion euros. The day before, it fell to a peak of 1.53%.
After the first steps in the green, the Parisian coast has changed in the morning.
The New York Stock Exchange is preparing for its slightly downside. The futures contract on the Dow Jones Industrial Average index lost 0.25%, that of the S & P 500 index fell by 0.29% while that of the Nasdaq, the dominant technology, fell by 0% , 34%.
The CAC 40 index is finally betting on its technical rebound and investors feel duty bound get on the train At the risk of losing the increase if they remain on the platform, Franklin Pichard, CEO of Kiplink Finance, said in a statement.
The market is recovering a bit of confidence, helped by the good results of several US heavyweights, despite the new inversion of Theresa May and the chronicle of a failure announced at the European summit today or Italy on the budget which is supposed to re-emerge soon, Mr. Pichard continued.
However, markets remain fragile and could be reduced at any time if the political risk should rise again, said Christopher Dembik, Head of Economic Research at Saxo Bank.
The session's agenda was also provided while British Prime Minister Theresa May is expected in the late afternoon in Brussels, in the middle of the negotiations, for a brief speech before the leaders of the European Union, before # 39; another for a dinner 27.
The chief negotiator of the EU, Michel Barnier, proposed that the United Kingdom extend the transition period after one year of its exit from the EU for one year to unblock the negotiations on Brexit.
Indicators Ct, inflation in the United Kingdom slowed by 2.4% in September in a year, lowering food prices.
In the euro zone, inflation for September was 2.1% up on a year.
Housing begins in the United States by September and the Federal Reserve's final minutes publication will complete the agenda.
Danone the trane
On the value side, the automotive sector retreated after making good progress on Tuesday, while the European car market fell 23.5% in September after a flight in August.
Peugeot reduced by 3.05% to 20.99 euros while the PSA (Peugeot, Citron, DS, Opel, Vauxhall) recorded a decline in registrations of 7.7% in September, taking the first place ahead of Volkswagen.
Renault fell 2.35% to € 69.68 after its registrations decreased by 27%. Valeo sold 1.73% to 32.42 euros, Faurecia 2.43% to 44.92 euros and Michelin 1.97% to 98.96 euros.
Danone closed the CAC 40 market (-4.44% to 62.15 euro), penalized by a 4.4% decline in its turnover in the third quarter of 2018, 6.2 billion euro.
In contrast, technology stocks were drugged by the rebound in the US on Tuesday: STMicroelectronics rose 3.51% to € 15.33 while Soitec rose 4.08% to € 62.55.
Total gnawed by 0.22% to € 53.94. The oil glove announced on Wednesday the signing of an agreement with the Indian group Adani to develop its presence in India in the natural liquid gas (LNG) and fuel distribution sectors.
Esker gained 3.40% to € 65.10 after its business again focused in the third quarter thanks to its cloud operations, which now generate 87% of its assets.
GL Events rose 3.43% to 19.30 euros after the company confirmed its forecasts for the current year on Tuesday, thanks to the dynamism of its specialized division in the organization of sports events that compensate the slowness of his other activities.
Neoen, for its first day trading on the Paris stock exchange, took 1.2% of € 17.7. The renewable energy producer announced that it had raised 628 million euros, the launch price had been set at 16.50 euros, ie at the bottom of the established range.