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The Paris Bourse loses 1.47% to 7,088.44 points at the opening
 |  Today Headlines

The Paris Bourse loses 1.47% to 7,088.44 points at the opening
| Today Headlines | World News

The Paris Bourse lost 1.53% in the first exchanges on Friday, weighed down by the depression on Wall Street, worried about a tightening of monetary policy.

The CAC 40 index fell 110.34 points to 7,082.80 points at 9:20 a.m. The day before, it had risen by 0.29%.

But the decline of Wall Street on Thursday, weighed down by the prospect of a rise in key rates by the American Central Bank (Fed), weighed on the Parisian market on Friday morning.

The Dow Jones, the flagship index in New York, lost 0.89%, its fifth consecutive session of decline.

“The Fed must fight against inflation because it has gone too far and risks threatening the country’s economic health,” commented Ipek Ozkardeskaya, analyst at Swissquote.

Expectations of monetary tightening measures, such as the rise in key rates or the decline in asset purchases, have weakened the equity markets since the start of the year.

Some corporate results also contribute to this gloomy atmosphere, such as those of Netflix, the first big name in American tech, published Thursday after the close of Wall Street. The streaming platform has seen its number of subscribers grow less rapidly than expected.

“If titles like Netflix begin to register falls of 20%” in electronic trading after the close of Wall Street, “there is clearly a change of regime at work in the markets, at least on Wall Street. How long can Europe resist? “While she has shown her resilience since the beginning of the year, wonders Tangi Le Liboux, analyst at broker Aurel BCG.

The car stalls

The car manufacturer Stellantis lost 3.68% to 18.09 euros in the first exchanges while Renault gave up 2.10% to 33.15 euros.

Equipment manufacturers Faurecia and Plastic Omnium fell respectively by 2.92% to 42.50 euros and 2.48% to 22.02 euros.

Airbus cancels Qatar Airways order

The aircraft manufacturer has canceled an order for 50 A321neos from Qatar Airways, an unprecedented decision taken in the context of its dispute with the Qatari company about its A350 jumbo jets. The action lost 1.66% to 113.80 euros.

Full sun on Pierre et Vacances

The European number one for leisure residences published Thursday a turnover of 355.5 million euros for its first quarter 2021/22, a sharp rebound over one year, but down 5.2% compared to pre-crisis. It soared 9.14% to 7.64 euros in early trading.

The Paris Bourse loses 1.47% to 7,088.44 points at the opening
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