Paris (hooly News) – The Paris Stock Exchange was down slightly (-0.13%) Friday at midday, still being wary of a coronavirus that continues to claim many victims.
At 1:33 p.m. (12:33 p.m. GMT), the CAC 40 index lost 8.10 points to 6,085.04 points. The day before, it had finished down 0.19%.
The Parisian odds began to break even and have not strayed far since.
Wall Street was preparing for its part to open slightly in the green. The futures contract for the Dow Jones Industrial Average index advanced 0.09%, that of the broad S&P 500 index 0.17% and that of the highly technological Nasdaq 0.31%.
“It is above all a wait-and-see attitude which dominates after the surprise caused by the revised upward figures for the number of infected people. Now, the Paris market is calmly awaiting new developments concerning the coronavirus while remaining very close to its highest levels Daniel Larrouturou, an equity manager at Dôm Finance, told hooly News.
China announced more than 15,000 additional coronavirus infections on Thursday. A record leap due to a new, broader definition of infection, depicting a more serious epidemic than reported so far.
On Friday, the latest death toll said 1,400 died in China, where authorities said six health workers had died. Nearly 64,000 cases of contamination have now been recorded in the country, including at least 1,716 among doctors and nurses working in contact with the sick.
In terms of indicators, in Germany, GDP stagnated in the fourth quarter of 2019.
Across the Atlantic, retail sales and industrial production in January are still expected, as is consumer confidence for February (University of Michigan).
– Renault goes up the slope –
In the field of values, the Parisian odds made the gap between publications well or badly perceived.
Renault was picking up colors after a difficult start to the session (“1.22% to 35.24 euros), reassured by words from the acting managing director, Clotilde Delbos, suggesting a less complicated situation than anticipated by the market with in particular the prospect of a still positive cash flow in 2020. The title was initially penalized by the announcement of its first net loss in ten years.
EDF, on the other hand, jumped 8.65% to 12.75 euros, driven by net profit multiplied by more than four in 2019, inflated in accounting terms by financial results linked to the good performance of the financial markets.
TF1 took off from 8.12% to 7.52 euros, powered by a net profit for 2019, up 21.5% year on year, despite a lackluster year for its advertising activity from TV antennas.
Tarkett benefited (“11.20% to 14.30 euros) from a publication in line with expectations and from an expected improvement in its profitability in 2020, despite a net profit reduced by 20% in 2019, penalized by a difficult year in North America.
Eutelsat fell 5.44% to 12.43 euros after a 6.4% drop in net profit over the first six months of its staggered fiscal year.
Crédit Agricole fell 0.84% to 13.54 euros, despite a net profit up 10% last year inflated by a reversal of provisions of more than a billion and a good general performance in the last quarter.
Technicolor was mechanically weighted (-16.74% to 0.57 euro) by a capital increase of 300 million euros, thanks to which the group which has accumulated losses for several years hopes to give itself some air.