Paris (AFP)

The Paris Stock Exchange fell again, by 1.77%, Tuesday the day after a stock market rout, market players remaining prostrate in the face of the scale of the second wave of Covid-19 in Europe and the inexorable hardening of traffic conditions.

The flagship CAC 40 index lost 85.46 points to 4,730.66 points, reaching its lowest level in a month.

On Monday, he had given up 1.90%.

As the second wave sweeps over Europe and brings in its wake thousands of infections with the new coronavirus, European leaders are resigned to tightening traffic restrictions.

"We must expect difficult decisions," said Interior Minister Gérald Darmanin on Tuesday morning.

Two options come back with force for France: a lowering of the curfew schedule or a partial reconfinement.

"The financial markets will not at all appreciate a closing of the economy," said Laurent Le Grin, CEO of Degroofpetercam.

Especially since the restrictions are less and less welcomed across Europe.

The latest example, violent incidents occurred in Milan and Turin, after the announcement of restrictions on restaurants, bars, theaters, cinemas and sports halls.

Among the negative indicators on Tuesday, the confidence of American consumers deteriorated slightly in October, after a strong improvement in September.

Also in the United States, the presidential election opposing Donald Trump to Joe Biden takes place in a week, which tends to lead to "a decrease in risk in portfolios," notes Mr. Le Grin.

LVMH AND TIFFANY REPRESENTATION

LVMH (-0.69% to 418.85 euros) and the American jeweler Tiffany have resumed negotiations to try to save their union, brutally called into question at the end of the summer by the French luxury giant, has t - we learned Tuesday from a source involved in the discussions.

CAPGEMINI REASSURES AFTER SAP

The markets welcomed the results of Capgemini (+ 2.13% to 101.25 euros, well ahead of the CAC 40), with a turnover up more than 15%.

The rise comes in the wake of a plunge in the tech sector following the more than 20% collapse in the price of German software manufacturer SAP.

CYCLIC COMPANIES DERAP

How often when fears of containment are strong, values ​​linked to the economic cycle have suffered: Renault plunged 6.59% to 22.75 euros, Total of 3.22% to 26.19 euros and BNP Paribas of 4, 78% to 31.38 euros.

© 2020 AFP