Paris: disappointment over the Sino-US digested agreement, oil -2.5%

(CercleFinance.com) – The CAC40 has reduced its decline to -0.4% and ends at 5.643.

Despite the lack of tangible results from the Trump / Liu He summit on Friday, the markets are only reluctant to consolidate … as if they did not want to sit back and convince themselves that an agreement will be found (not before 5 weeks according to the schedule mentioned Friday night).

The Chinese have circulated 'cautious' comments on Donald Trump's 'very substantial' advances: Beijing even says that further complex discussions will have to take place before reaching a 'Phase II' agreement.

Steven Mnuchin confirmed at 15H in a brief statement that an agreement on the export of agricultural products was the only concrete step … for the rest, it mentions 'hopes of signing an agreement'.

Wall Street had reopened slightly up and then returned slightly in the red, before returning to equilibrium around 18H (deviations below 0.1% upward or downward): mid-session, the red dominates of new but marginal way.

The spreads are likely to remain limited in the absence of quotations on the bond markets (Colombus Day), which deprives traders of the possibility of making trade-offs.

If the stock indexes are resilient, however, the oil loses all of Friday's gains: -2.6% to $ 53.5 on the NYMEX.

The Euro-Stoxx50 fell by -0.38% (against -0.6% this morning) in this week beginning marked by the start of earnings publications across the Atlantic (banks will open the ball).

Among the many 'macro' data expected this week are the ZEW index in Germany, inflation in the euro zone and the United Kingdom, as well as retail sales and industrial production in the United States.

In China, exports fell -3.2% in August, the lowest in 8 months.

Above all, it will be in the coming days that will kick off the season results in the United States in the third quarter, including those banks JPMorgan, Citi and Wells Fargo Tuesday.

It will also be necessary to closely monitor the meeting (called 'last chance') of 17 and October between the British negotiators and Brussels.

In the absence of an agreement on the Irish question, Boris Johnson's political survival could become 'complicated'.

Total expands its partnership with Adani, India's largest private energy conglomerate, with the aim of contributing to the development of India's natural gas market.

The automotive supplier Faurecia has signed a memorandum of understanding with its German counterpart Continental to acquire the remaining 50% of its joint venture SAS, for an amount of 225 million euros (non-cash).

Bic reduces its outlook for 2019, expecting only a comparable basis-based revenue decline of 0% and 2%, and a normalized operating margin in the lower end of the original range of 16.5%. 18%. The title fell 4% this morning on the Paris Stock Exchange.

In contrast, Virbac (+ 11.6%) raises its outlook for annual revenue growth at constant rates between 5% and 7%, and estimates that its adjusted current operating margin should now increase by about 2.5 percentage points at constant exchange rates.

Air Austral, the French company based in Reunion, has signed a firm order for three A220 aircraft. With this order, Air Austral becomes the first A220 customer based in the Indian Ocean region.