The stock market down, worried about an incredible scenario in London, Market news

After three days off, because of Labor Day Monday, business resumes in New York, and several economic statistics are scheduled this afternoon. Wall Street was also unable to respond to China's complaint against the United States to the World Trade Organization (WTO) regarding tariffs, an announcement by the Chinese Ministry of Commerce. Beijing has not given details about this new action (it is the third) it brings before the WTO but we know that this concerns the last phase of surcharges on 300 billion dollars of Chinese import goods entry in force on 1 September (more than half of which is still effective as of 15 December). Logic, therefore, that the contract future Dow Jones points to the red, in the order of 0.6%.

In Paris, the CAC 40 lost ground in the early morning, -0.61% to 5,457.65 points, investors remain on the alert while it is a new scenario with twists that unfolds from the other coast of the Channel.

Test day for Boris Johnson

According to government sources relayed last night by Reuters, Boris Johnson will demand the holding of early elections on October 14, the date of the end of the suspension of Parliament, if it opposes an exit without agreement of the European Union. Labor and some members of the conservative party are preparing to defend Tuesday a parliamentary initiative to prevent a Brexit without agreement on October 31.

In case of a minority in the vote, the government would meet Wednesday to decide on the opportunity of early elections, which must be validated with a two-thirds majority of 650 parliamentarians. " I do not want a general election, you do not want a general election Said Boris Johnson in front of 10 Downing Street.

On the merits, the Prime Minister does not want in any case that this deadline of October 31 is again shifted, as some hope. That of January 31, or even the month of May were mentioned in the day of Monday. But if the vote to postpone Brexit is rejected, opposition leader Jeremy Corbyn could try to bring down the Johnson government by putting a motion of no confidence. A new test for the Prime Minister that could then take place this Thursday, September 5 …

In the markets, the pound fell below the $ 1.20 mark, the lowest since 2016, before recovering slightly above this threshold.

Iliad's turnover up but …

To return to the figures of the day, we expect this afternoon in the United States PMI Markit manufacturing August final, the ISM of the same month and construction expenses in July. In the euro zone, it will be necessary to be satisfied in the morning of the evolution of the prices with the production, also for July.

On the corporate side, Iliad announced an 8.4% increase in sales in the first half but a 7.4% decline in gross operating profit. The average revenue per subscriber deteriorates slightly from 32.80 to 32.50 euros. On the commercial side, Free saw its base of mobile subscribers fall by 77,000 customers over one year in France, to 13.3 million. In the fixed, the subscriber base has reduced by 15,000 customers over the same period, to 6.4 million. The action loses more than 4%.

Also note the output ofUnibail-Rodamco-Westfield of the Euro Stoxx 50 index, as the rumor of Friday evoked, in favor of Deutsche Börse. Altice Europe does it, its entry into the Stoxx 600.

In terms of analysts, Sanofi takes advantage of Bernstein's "outperformance" follow-up initiation with a target of 95 euros.