Paris (AFP)

The Paris Bourse has heavily increased losses Thursday (-1.81%), disappointing macroeconomic publications have been added to the fears of investors regarding a stalemate in the Sino-US trade dispute.

The CAC 40 index lost 97.61 points to 5.281.37 points, in a moderate trade volume of 3.8 billion euros. The day before, he had finished on a slight decline of 0.12%.

The Parisian coast, which opened down, has continued to lose ground.

The market continues to be heavily penalized by "fears for global growth related to the Sino-US trade war," observed AFP Alexandre Baradez, an analyst at IG France.

No detente seemed to emerge in the relations between Beijing and Washington: the head of the American diplomacy accused Huawei of lying on his real links with the Chinese authorities, who denounce the "harassment" of the United States against number two worldwide smartphone, dropped by many of its partners.

The publication of particularly disappointing PMI indices on both sides of the Atlantic has also increased investor distrust, Baradez said.

Growth in private activity in the euro area rose slightly in May, but remained "gloomy", according to the first estimate of Markit's composite PMI index released on Thursday.

In the United States as well, the PMI indexes published this Thursday "fell heavily", whether on the service side or the manufacturing part, said Mr. Baradez.

There is therefore "a risk of contagion of negative sentiment on the American side, the last bastion that still held well in developed economies," he added.

The International Monetary Fund has also launched Thursday a serious warning to the United States and China that have unearthed the commercial warhead at risk of jeopardizing the global economic rebound expected for the second half of 2019.

- Beginning of the European elections -

In addition, "the European elections and Brexit are not supportive factors for the markets," said the specialist.

For its part, British Prime Minister Theresa May had to resolve Thursday to postpone the vote of his bill of the "last chance" on the Brexit, in a twilight atmosphere for his future as head of the Conservative government.

In terms of statistics, the morale of German entrepreneurs fell further in May.

In France, the business climate remained stable in May and private sector activity continued to recover, also in May, reaching a six-month high.

On the securities side, the shares of Casino and its parent company Rallye were suspended at their request after falling sharply. A little before its suspension, Casino released 6.40% to 27.90 euros around 10:30 (0830 GMT).

Derichebourg plunged 12.24% to 3.07 euros, penalized by the fall in net profit in the first half of its exercise offset 2018/2019.

Oil stocks were particularly affected by the decline in prices, the Brent, an international benchmark, having lost 4% and the American WTI sinking by 5% while tensions between China and the United States rise around the Huawei issue .

CGG fell from 7.50% to 1.45 euros, Vallourec fell by 5.10% to 2.19 euros and TechnipFMC by 4.47% to 19.65 euros.

? 2019 AFP