The Paris Bourse again ended strongly Monday (-2.19%), still hit hard by the resurgence of Sino-US trade tensions and fears that weighs on global growth. The CAC 40 index lost 117.45 points to 5.241.55 points, in a sustained trade volume of 4.7 billion euros. Friday, he lost 3.57%.
The Paris rating opened sharply below the 5,300 points mark, and further accentuated its losses over the course of the session. In two days the index lost 5.76% and wiped out all of its gains in the last two months. "After seven months of hope for a trade agreement between China and the United States, which have fueled the rise in indices since the beginning of the year, the resurgence of tension" by the US president broke the market momentum, observed Mikaël Jacoby, Head of Continental Europe Brokerage at Oddo BHF Securities.
Consequences that will last
"Even if there will probably be an outcome, the uncertainty and the concrete repercussions on the economy induced by these new taxations in Europe but also for the American consumer, will probably last a bit", unless a new one tweet the US president, estimated the expert.
While investors were just recovering from the meeting of the US Federal Reserve, not enough accommodating to their liking, Donald Trump set fire to the dust Thursday night saying that his administration would impose, from September 1, rights 10% of the $ 300 billion of Chinese imports hitherto spared.