Paris (AFP)

The Paris Bourse sank into negative territory (-1.02%) Friday at midday, wondering about the implementation of the massive American recovery plan announced Thursday and digesting the new traffic restrictions in Europe.

The flagship CAC 40 index lost 57.79 points to 5,623.35 points around 13:42 (12:42 GMT), the day after a gain of 0.33%.

On a European scale, Frankfurt fell by 1.04% and London by 0.92%.

Futures contracts on the three main Wall Street indices foreshadowed a slightly lower opening, after a close already in the red the day before.

In the United States, future President Joe Biden unveiled on Thursday a new emergency stimulus package of 1.9 trillion dollars, supposed to get the United States out of its worst crisis since the 1930s, which will be followed in the coming weeks. 'an investment plan to revive the economy.

"If it has not really revealed any surprise, this plan represents more than double the budget package voted by Congress in December. The question now is how much of this plan will ultimately be voted by Congress with as a corollary the fact that it will be financed by the loan, which supposes tax increases ", notes Franklin Pichard, managing director of Kiplink Finance.

The latter also recalls that the session is marked by the simultaneous expiration of several contracts and options on the various indices, generally synonymous with increased volatility (session known as the "Three witches").

In terms of health, Europe passed the threshold of 30 million Covid-19 contaminations on Friday, including two million in Germany, while the World Health Organization must issue recommendations in the face of the appearance of more variants. contagious of the coronavirus, which raise fears of an explosion of the pandemic.

In this context, London and Paris have announced a strengthening of controls at their borders, while Portugal begins a new generalized confinement.

After Britain's GDP fell 2.6% in November, investors will have to digest December's retail sales and industrial production across the Atlantic as well as the University of Michigan's consumer confidence and index. manufacturing activity in the New York area.

This Friday also marks the start of the results season across the Atlantic with publications from JPMorgan Chase, Citigroup and Wells Fargo banks.

Crossroads at the back of the peloton

Carrefour continued to decline (-4.21% to 16.38 euros) for the second day in a row after a surge of 13% on Wednesday, the French government having opposed a "clear and final" to the merger between the French distribution group and the Canadian Couche-Tard.

Bouygues does not convince

Bouygues lost 2.64% to 34.34 euros, without taking advantage of the announcement of a strategic plan for its subsidiary Bouygues Telecom.

The latter hopes to increase its subscription revenues by at least 40% by 2026 while increasing its profitability.

Popular software

In London, Aveva profited (+ 5.76% to 3,762.00 pence) from the increase in its turnover during the first nine months of its staggered financial year while in Frankfurt, SAP lost 0.25% to 103, 94 euros after having clearly climbed in the morning.

The group reported operating profit of 8.21 billion euros, up 1%.

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