Paris Stock Exchange worries (-0.45%) British tensions

The Paris Bourse retreated Tuesday at midday (-0.45%), investors worried about the tense political situation in the United Kingdom and the stalemate of Sino-US trade negotiations.

At 14:01 (12:01 GMT) the CAC 40 lost 24.99 points to 5,468.05 points, in a trade volume of 792 million euros. The day before, he had gained 0.23%.

The Parisian rating began slightly down and accentuated somewhat its decline in the morning ahead of a crucial vote in the British Parliament.

For its part, Wall Street, which reopens after a holiday, was preparing to fall as well. The Dow Jones Industrial Average index futures contract fell 0.87%, the broad-based S & P 500 index fell 0.77% and the technology-rich Nasdaq futures contract fell 0.85%.

"British Prime Minister Boris Johnson will face in a few hours the sling of deputies of his own conservative party hostile to a Brexit without agreement, despite his threat to call early parliamentary elections in mid-October if he wipes a defeat in Parliament ", noted the experts of Mirabaud Securities Geneva.

The deputies resume Tuesday afternoon the way to Westminster where "rebel" conservatives are preparing to support the opposition to prevent a brutal exit of the European Union on October 31.

If they win a first vote Tuesday night, the anti "no deal" may submit a bill on Wednesday to compel the Prime Minister to request a new postponement of Brexit to 31 January 2020 in case no compromise is found with Brussels by 19 October and Parliament has not approved an exit without agreement.

"The beginning of the first week of September is dominated by the Brexit.The next few hours could be decisive (…), with the key, perhaps new elections," also said Tangi Le Liboux, a broker strategist Aurel BGC.

"Investors do not forget that Sino-US relations are still very bad," he said.

In the face of the bid of Donald Trump, China has called for a third: it announced Monday the filing of a complaint to the World Trade Organization (WTO), the day after the entry into force of new rights of US customs on Chinese products.

Investors should "continue to scrutinize very closely the evolution of the euro which touched an annual low this morning against the dollar," said experts Mirabaud.

The British pound also fell below the $ 1.20 mark for the first time since January 2017, suffering from political turmoil.

On the indicators side, the agenda is small with the exception of the ISM manufacturing activity index for August in the United States, expected in the afternoon.

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