Sharp decline in the Paris Bourse and global markets under the...

The probable re-containment that hangs over several countries on the planet in an attempt to stem the second wave of Covid-19 is affecting the world stock markets. In its online edition, The Tribune.fr gives the example of the Paris Bourse which “gave in to growing concern” with a CAC 40 which further widened its losses on Wednesday, dropping 4.07% to 4.538.05 points. It was following a movement of strong global decline, indicates the daily. In this wake, “the German Dax dropped 4.39%, London 3.21%, while the Nasdaq and the American Dow Jones fell by more than 3%”.

The most affected by the possibility of a new containment are, according to the newspaper, the companies. This is the case of Renault, which suffered the largest drop in the CAC 40 (-7.45% to 21.05 euros). The daily recommends following stocks like Teleperformance, which gained nearly 3% after announcing the takeover of the online health platform Health Advocate in a market in the red. We must also keep an eye on Carrefour and PSA, even if they lose respectively 1.65% and 4.26%. Beware of Sopra Steria, which shows the sharpest drop in the SBF 120 after plunging 11.29%, following a publication that was “very badly received”. The newspaper notes that from a sector perspective, the cyclical sectors are suffering particularly, in particular the banks (-3.67%) and the automobile (-3.66%).

The Tribune.fr ensures that total containment would cost 2 to 2.5 points of GDP per month to the French economy.


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