The Paris Bourse widens its losses at midday (-1.04%)

The Paris Bourse sank in negative territory (-1.04%) Wednesday at midday, in a market still concerned about the risks of the Sino-US trade war and questioning the health of the Mondial economy.

At 13:39 (1139 GMT), the CAC 40 index lost 56.03 points to 5,331.06 points, in a trade volume of 809 million euros. The day before, it ended up 0.67%.

For its part, Wall Street was preparing to open down. The Dow Jones Industrial Average index futures contract fell 0.21%, the broad-based S & P 500 index 0.16% and the Nasdaq, high tech, 0.22% .

"The persistence of an economic climate marked by several mixed economic indicators continues to fuel fears about the reactions of central banks, which ends up weighing once again on rates" of borrowing, said Franklin Pichard in a note , Managing Director of Kiplink Finance.

"But it is mainly the reversal of the US yield curve (between the two-year and the ten-year rate, Ed) that explains that the Dow and Nasdaq initially rising finally closed in the red" Tuesday , according to him. "The reversal of the curve is becoming more frequent in recent weeks, operators fear the entry into recession of the US economy."

The attention of the markets was also turned towards Italy: "the main actors of the Movement 5 Stars and the Democratic Party meet to try to reach a coalition agreement before the deadline of this Wednesday fixed by the president", a observed Michael Hewson, an analyst at CMC Markets. "New elections always seem the most likely outcome, the only question being when will they stand, this year or early next year if an agreement is reached."

In Britain, the British Parliament will be suspended the second week of September and until October 14, just two weeks before the expected date of Brexit, said Wednesday Prime Minister Boris Johnson.

In terms of indicators, consumer and business confidence indices in Italy fell in August, according to the National Institute of Statistics (Istat).

The growth of loans granted by euro area banks to the private sector accelerated in July (+ 3.6% against 3.5% in June), said the European Central Bank (ECB), which will debate in September of measures to support the economy. And the money supply M3, the aggregate used by the ECB as the leading indicator of inflation, rose by 5.2% in July, against 4.5% in June.

German consumer sentiment is expected to stabilize in September after three months of decline, according to the GfK barometer.

On the other side of the Atlantic, the market still has to read the weekly report on oil stocks.

– Dassault Systèmes noted "A-" by S & P –

On the securities front, Tarkett rebounded (+ 2.63% to 12.87 euros) after suffering the day before a downgrade of its recommendation by Societe Generale.

Vivendi fell 1.07% to 25.04 euros. The interim hearing to mediate the dispute with Mediaset on the voting rights of the French group at the next general meeting of shareholders of the Italian group was set for Thursday.

Lagardère yielded 0.72% to 19.37 euros. Altice is considering the possibility of a takeover of its radio stations RFM and Virgin Radio but has not yet decided whether to submit an offer, announced Wednesday its leader Alain Weill.

Eiffage was down 0.95% to 91.32 euros despite the announcement of a contract worth over 500 million euros, won jointly with the Belgian Deme, from EDF and the Canadian Enbridge to build the foundations of a wind farm off Saint-Nazaire.

Carmat gained 2.99% to 20.70 euros. He has been authorized to resume patient recruitment in Denmark for the second part of the trials of his cardiac prosthesis.

Dassault Systèmes lost 1.83% to 126.15 euros. The US rating agency SP Global Ratings has assigned the rating "A-", accompanied by a stable outlook.

jra / soe / ide